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Latest news about the state of the world economy.
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Zambia’s Mining Economy Suffers
Due to lower commodity prices and routine power outages that disrupt business activity, Zambia's economy will grow less than 5.0 percent in 2015, according to Reuters. Zambia's woes drove...
US Urges More Economic Reforms from India for Treaty to Work
India and the US have discussed a bilateral economic treaty at great length, but little actual progress has occurred. According to a senior US trade official, progress on the...
UK Wages Rise, Euro Inflation Slows
British workers are making more money as costs are growing at a lower rate in the Eurozone. In the UK, earnings both including and excluding bonuses rose by 2.9%...
Bank of Japan Halts Further Stimulus Efforts
The BOJ placed a hold on easing, hoping the economy will make a recovery. The Japanese economy contracted 1.2 percent from April to June amid such factors as China's...
Human Rights Groups Say World Bank Allows Attacks, Abuse
Human rights campaigners have levied some serious accusations against the World Bank Group. The accusations assert that the World Bank has repeatedly either targeted or failed to protect individuals...
U.S. Growth Challenged as Prices, Sentiment Fall
Key indicators of falling aggregate demand throughout the United States rang alarm bells with investors, who sold stocks off in early morning trading. Wholesale prices in the U.S. saw...
Qatar Economy Presses on Despite Low Oil Prices
Infrastructure projects keep Qatar's economy afloat in the wake of low oil prices, according to AFP. The government is spending lavishly for the 2022 World Cup event, including massive...
IMF Urges Tunisia to Make Reforms despite Troubles Following Terror Attacks
In March and June, Islamic extremists attacked popular tourist destinations in Tunisia, crippling its once vital tourism industry. Yahoo! News reports that despite this enormous economic setback, the International...
Protestors Urge Moldovan President’s Resignation amid Banking Scandal
Tens of thousands of Moldovans call for the head of President Nicolae Timofti as his cabinet contends with a mounting banking scandal, which has tarnished the reputation of Europe's...
Eurozone Growth Improves as Refugee Tensions Mount
Eurozone economies saw a modest resurgence of growth in the second quarter, but mounting tensions over migrant inflows are steering political focus away from growth. Exports and consumer spending...