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Latest news about the state of the world economy.
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After Rebound, Cyprus Gets ECB, IMF Scrutiny
Both the European Central Bank and the International Monetary Fund visited Cyprus to identify opportunities to stimulate growth in the once-depressed economy. Both the European Central Bank and the...
Analysts Fear Paris Attacks Could Hurt French Economy
The attacks in Paris left a cloud of uncertainty in the air, and spending and tourism may grind to a halt, according to AFP. Before the tragedy, France announced...
Adding China’s Currency to the IMF’s Reserve Currency List
After nearly two years of lobbying, the Chinese government finally learned this week that its currency would be part of the International Monetary Fund's special group of world currencies....
Not Business as Usual in Mexico, as World Bank Reports Improvements
The World Bank recently issued its 2016 World Bank Doing Business report. Among its findings, Mexico was pleased to discover it has improved its ranking in the world for...
Amidst Terror Attack, ECB Acknowledges Political Schisms in EU
After a terror attack on Paris stunned the world, the European Central Bank has acknowledged political and cultural schisms are rising tensions throughout the European Union. After a terror...
Rising Violence Threatens Burundi Economy
Over 13 people were killed over the weekend, with 240 lives lost since April due to escalating political violence, according to Bloomberg Business. The turmoil comes a decade after...
Hong Kong Economy Shows Surprising Growth
Hong Kong had higher than expected growth in the third quarter, despite fears of declining momentum in China and across Asia. Hong Kong’s economy grew by 2.3% on a...
South African Unemployment Rate Skyrockets in Third Quarter
Power outages and low commodity prices burden South Africa's economy, which suffers from a 25.5 percent unemployment rate, according to Bloomberg Business. Overall employment increased in multiple sectors as...
Australia and Germany Enter into New Tax Treaty
On Thursday, Australia and Germany signed a new tax treaty, seen by many as the first step towards growing trade and investment between the two European nations. There is...
U.S. Banks Lose Faith in Bond Market
American banks are holding fewer bonds on fears that the market will continue to decline, while mortgage activity falls and retail sales decline. American banks are holding fewer bonds...