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Latest news about the state of the world economy.
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Canadian Economy Contracted in May
According to Canadian statistics, the economy shrank 0.2 percent in May, falling below already low expectations of zero growth, according to Business Insider. The economy continues to suffer due...
U.S. GDP Growth Disappoints
American economic growth rose at a 2.3% annual rate in the second quarter of 2015, far below expectations. Economists had expected a 2.9% increase, with strength from resurgent consumption...
African Trade Agreement May Unify the Continent, Boost Economies
In a move that may boost the economies of an entire continent, 26 African nations have entered into a new free trade agreement. Called the Tripartite Free Trade Agreement...
Mexico’s Central Bank Keeps Interest Rates at Record Low for Now
Central bank authorities decided to keep rates at a record 3.0 percent in the wake of Mexico's sluggish growth, according to Bloomberg Business. In an effort to mitigate the...
Greece Loosens Capital Controls, Business Investment Rises
Greece has loosened restrictions on capital flows for businesses, allowing companies to import more into the country. In a sign of a return to normalcy, the Greek government has...
OECD Finds Environmental and Economic Reforms Not Adequately Linked
In a world with an increasing focus on the importance of environmental protection, many nations have acknowledged the need to link economic and economic reform measures. Unfortunately, according to...
Zimbabwe Continues to Struggle in Crucial Areas
According to the Zimbabwe Revenue Authority, mining royalties declined by 39 percent, and overall royalties fell 65 percent when compared to 2014 earnings, according to Reuters. The nation also...
Oil Enters Bear Market
With continued indications of a global slowdown in economic activity, oil has entered a bear market as oversupplies hurt prices for the second time in a year. Oil futures...
US Battles China over Free-Trade Rules in Push for Trans-Pacific Partnership
Representatives from 12 nations in the Americas and the Asia-Pacific region are meeting in Hawaii this week to finalize negotiations for the Trans-Pacific Partnership (TPP). If all goes to plan,...
British Economy Making Comeback but Challenges Loom
British GDP shot up 0.7 percent in the second quarter, improving upon 0.4-percent growth seen in the first quarter. Factory output faltered during the second quarter, and a stronger...