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Latest news about the state of the world economy.
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U.S. Employment Surge Boosts Optimism
In November, a strong increase in payrolls and a steady unemployment rate indicate the U.S. may approach full employment in the near future. The country added 211,000 non-farm payrolls...
Federal Reserve Sees Strong Economy, No Rate Hike Yet
The economy continues to grow and the job market has gotten close to the Fed’s goal of maximum employment, according to Fed Chairwoman Janet Yellen. The economy continues to...
South Korean Economy Makes Strong Recovery
South Korea's GDP grew at its fastest rate in over five years during Q3, due to a rise in consumer spending, according to AFP. However, manufacturing only grew 0.1...
World Bank Says Climate Change Wiped Out Dominica’s GDP
After the island sustained severe damage in a tropical storm, Dominica's economy has suffered horrendously. To assess the full extent of the damage, the World Bank, United Nations, and...
Modest Economic Growth and Job Gains Point to Fed Rate Hike
The Federal Reserve ventures closer to raising interest rates in a move that could impact the cost of mortgages, car loans, corporate bonds, and a variety of other debts...
Military Leaders Try to Revive Thai Economy
Finance Minister Apisak Tantivorawong believes the economy will expand 3 percent for 2015, which aligns with an official data projection of 2.8 percent, according to The Business Times. However,...
OECD: Greek Retirees Have the Third Highest Pensions in the World
While most economic news originating from Greece has been negative over the last few years, a small glimmer of good news appeared this week. According to a new study...
Manufacturing Activity Plummets, Shrinking in U.S.
Manufacturing activity has fallen sharply, and now total manufacturing activity continues to shrink in the United States. Manufacturing activity has fallen sharply, and now total manufacturing activity continues to...
World Bank Urges Ethiopia to Diversify Public Investments
The World Bank advises that Ethiopia should look for new ways to finance public infrastructure projects, according to Reuters. Public spending grew the economy over 10 percent for the...
OECD: Swiss Economic Performance Strong, but Pursue Changes to Remain So
The Organization for Economic Cooperation and Development (OECD) recently issued a report reviewing the Swiss economy. According to the study, while the Swiss economy has vastly outperformed most of...