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Latest news about the state of the world economy.
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Russian Economy Contracts in Second Quarter
According to figures from the Russian government, the economy contracted 4.6 percent in Q2 due to lower oil prices, according to the Associated Press. The economy has also been...
Asians Sell Billions in U.S. Debt
Japanese and Chinese banks are selling hundreds of billions of dollars of U.S. debt as investors sour on the future of U.S. Treasuries. In June, Japanese investors sold the...
OECD Praises Israel for Improving Employment Rates among Arabs
According to a recent report by the Organization of Economic Cooperation and Development (OECD), Israel not only weathered the global recession of 2008 better than many other nations, it...
South Korean President Stresses Need for Economic Reform
South Korean President Park Geun-Hye said the economy is in need of "major surgery," according to Reuters. The president's approval rating dropped below 40 percent, a far cry from...
China Housing Bulls Stay Positive
With home sales improving and average sales prices skyrocketing, the Chinese property market looks like it is recovering. With home sales improving and average sales prices skyrocketing, the Chinese...
World Bank Bumps India to Front of the Pack for Predicted GDP Growth in 2015
The World Bank announced new predictions for gross domestic product (GDP) growth among the world's nations through the end of 2015. Although it slightly downgraded India's overall annualized growth...
Iranian Economy Will Grow in 2015
According to the deputy governor of Iran's central bank, the economy could grow up to four percent, according to Reuters. Iranian leadership reached an agreement with the international community...
U.S. Renews Push for Trans-Pacific Partnership
After fierce resistance from Australia and several Asian countries, the United States is again making an aggressive move to get the Trans-Pacific Partnership (TPP) approved in all member states....
Trans-Pacific Partnership Talks Stall
In a crippling blow to Barack Obama’s Trans-Pacific Partnership trade agreement, talks between nations in the partnership have collapsed. All 12 nations in the pact besides the U.S. failed...
World Bank Gives Jamaica $6.8 Million Grant to Combat Climate Change
Nearly 60% of Jamaica’s population of 2.8 million residents lives in coastal communities. This makes them highly susceptible to harm resulting from climate change, such as rising sea levels,...