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Saudi Arabia Struggles to Adapt to Economic Realities
According to Deputy Crown Prince Mohammed bin Salman, Saudi authorities consider cutting subsidies for energy and water, a sign that low oil prices continue to burden the economy, according...
Personal Income Sees Small Increase
Personal income demonstrates small gains just as the Federal Reserve hunts for hints of rising inflation to justify increasing interest rates. According to the Bureau of Economic Analysis, personal...
Rwandan Leaders Aim to Move beyond War-Torn Past
Mineral minister Evode Imena urges the United States to remove his country from a list of conflict-mineral nations, citing the fact the Rwanda has not been involved in a...
IMF to Europe: Tackle Bad Loans
Europe currently has approximately 900 billion euros ($956 billion USD) in bad loans, (aka non-performing loans or NPLs). The director of the Monetary and Capital Markets Department at the...
GDP Growth Decelerates as Manufacturing, Consumer Confidence Fall
GDP growth fell in the third quarter in the United States just as weaker manufacturing data and lower consumer confidence hindered the country’s economic recovery. GDP growth fell in...
World Bank Recommends Ethiopia Diversify Infrastructure Funding
For those who remember commercials from the 1980s and 90s featuring starving Ethiopian children and asking viewers to contribute in order to buy them food, the explosive growth in...
Spanish Economic Growth Improves in October
Spain's economic output grew at one of the fastest rates within the European Union due to stronger consumer spending, according to Reuters. The economy grew .08 percent when compared...
Home Sales Slow as New Home Building Falls
Sales of existing homes are beginning to fall as low interest rates on mortgages fail to entice would-be buyers. Existing-home sales fell 3.4% in October from the prior month,...
World Bank Cites Strong Judiciary as Key to Economic Development in Africa
The World Bank recently noted its opinion that growth in Africa hinges largely on a strong and virile judicial system. The World Bank made its comments in conjunction with...
Alaska Faces Crisis amid Oil Price Drop
State officials struggle with the budget as low oil prices hamper production and revenue, jeopardizing the Alaska Permanent Fund, a program that comprises of investment dividends paid to residents,...