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Latest news about the state of the world economy.
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Blame it on the Brits? Fed Points at Brexit
Citing the economic risk of Britain leaving the European Union, Federal Reserve chief Janet Yellen kept interest rates low in an effort to help America's deteriorating economy. While several...
New Myanmar Government Welcomes World Community
Newly elected ruling party National League for Democracy (NLD) will welcome French Foreign Affairs and International Development Minister Jean-Marc Ayrault in the latest effort to open up Myanmar to...
Indian Infrastructure Public and Private Investment at a Ten-Year Low
According to a report by the World Bank, in 2015 India hit a decade low level of investment in public infrastructure from sources both public and private, foreign and...
Are Central Banks Losing Control or Credibility?
More fund managers are preparing for a steep decline in stocks as the Federal Reserve announces whether it will raise interest rates. The Federal Open Market Committee press release,...
Syria’s Central Economy Remains Broken: Survival Economy Emerges
BMI Research states that Syria’s economy will contract at an annual 3.9 percent from 2016 to 2019 as civil war rages on, according to Business Insider. Growth is expected...
OECD Finally Issues Opinion on Brexit Issue
The Organization for Economic Cooperation and Development (OECD) issued a policy paper this week on the matter of Great Britain’s exit from the European Union (EU), often called “Brexit.”...
More Warnings as Mainstream Urges Brexit Rejection
As Britain nears its vote to leave the EU, several new warnings have appeared urging voters to vote against an exit. While several politicians, economists, and financial chiefs have...
U.S. House Approves Package for Puerto Rico Debt Crisis
In a 297-127 vote, the U.S. House passed a bill that helps Puerto Rico manage its debt crisis, according to NPR. Puerto Rico is $70 billion in debt and...
Is Ukraine’s Dependence on IMF Aid Actually Doing More Harm than Good?
Ukraine has undergone a recent wave of political, social, and economic instability well documented in the media. Rampant corruption, a flagging economy, and uncertainty over its future have left...
Interest Rate Eyed as Federal Reserve Meeting Looms
Markets are becoming increasingly skeptical of the Federal Reserve as the world's most important central bank heads into a meeting to decide on interest rates. After several weeks of...