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Prefer Your Economy in the Shadows? Try Turkey, Mexico, or Estonia
The Organization for Economic Cooperation and Development (OECD) recently released a study on the "unregistered economies" of its various member states. According to the study, the nation with the...
Iranian Sanctions Lifted, Reform Unlikely
The world community lifted Iranian sanctions upon discovery that Iran has abided by the terms of the nuclear deal, according to Business Insider. However, President Hassan Rouhani faces a...
China Officials Warn of Global Financial Crisis
Chinese officials predict economic turmoil for the global economy. State Councillor Yang Jiechi told G-20 representatives in Beijing that recent volatility and “constant changes and intense transformations” will lead...
AIIB, Rival to World Bank, Opens Over the Weekend
For years, the World Bank has represented the only serious player on the block when it comes to raising national level finance needs. However, the World Bank now has...
Venezuelan President Declares Economic State of Emergency
The Venezuelan situation degrades rapidly as President Nicolas Maduro declared a state of emergency, but this new power is subject to rejection or approval from Congress, according to Reuters....
Inflation Hard to Find as Import Prices Fall
Import prices fell far lower in December 2015 than in the prior month, while export prices fell nearly twice as much as analysts had expected. Import prices fell 1.2...
IMF Chief Rejects Nigeria’s Loan Request
International Monetary Fund Managing Director Christine Lagarde rejected Nigeria's loan application due to the country's potential for an economic rebound, according to AFP. In December, Nigeria announced such efforts...
OECD Poverty Report: Israel Worst, U.S. Fourth
The Organization for Economic Cooperation and Development (OECD) released a report this week pertaining to poverty levels among member nations. According to the report, a few surprising nations ranked...
Oil Fall Continues, Stock Market Rout Deepens
Stock selloff has reached panic levels as oil falls below the psychologically critical level of $30/barrel. WTI futures fell below $30 for contracts expiring in February briefly on Wednesday,...
French President Shifts Economic Policy as Economy Stagnates
President Francois Hollande announced that new business-friendly policies intended to strengthen the economy. The socialist president entered office in 2012 on a campaign of taxing the wealthy to sustain...