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Latest news about the state of the world economy.
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IMF Warns America, Other Large Economies, against Raising Interest Rates Too Soon
After months of hinting at interest rate hikes, many Americans consider the prospect of an increase in the prime rate a certainty. However, the International Monetary Fund (IMF) has...
IMF Sees Shaken Global Economy, US Payrolls Rise
The International Monetary Fund warns that financial turmoil could begin a vicious cycle that hurts global economic growth. The largest Asian economy’s slowdown, combined with a bear trend in...
India’s Slower Q1 Growth Rate in Context
Indian growth stood at 7.0 percent year-on-year in the first financial quarter of 2016, a drawback from the 7.5-percent growth seen from the previous cycle, notes AFP. Prime Minister...
World Bank to Provide $500 Million (USD) Loan to Ukraine to Support Economic Reforms
The Ukraine has been embattled in both a military sense and economically for the past year. On August 25, 2015, the World Bank's Board of Executive Directors approved a...
Switzerland Narrowly Averts Recession in Second Quarter
Defying analyst forecasts, Switzerland's economy grew 0.2 percent, surpassing expectations of a 0.1-percent contraction that would have led to a recession, according to Reuters. Exports and consumer spending increased,...
World Bank Predicts “Windfall” For Iran Once Economic Sanctions Lift
As the lifting of economic sanctions against Iran appears more and more likely, the World Bank has begun making new predictions for the embattled nation's post-sanction economy. According to...
China Seeks Brokerage Support for Crashing Stocks
The Chinese government is demanding brokerages use their own money to help prop up the falling stock market with new requirements for stock buybacks. The China Securities Regulatory Commission...
OECD Member Nation Growth Slows, May Signal Stalling Global Economy
The Organization for Economic Cooperation and Development (OECD) issued a report on member nation economic performance in the second quarter of 2015. Unfortunately, the numbers were not promising: it...
Germany Weathers World Economic Turbulence
Despite the troubled waters of the world economy, Germany continues to outperform its fellow EU nations, with consumer confidence, exports and public financing all on the rise. German GDP...
Stocks continue to drag even though the U.S. Consumer is more Confident
Growing consumer confidence in the United States was not enough to offset fears that the stock market is overvalued. Consumer confidence rose to 101.5, a tremendous rise from the...