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North Korean Economy Expanded in 2014 Despite the Isolation
According to the Bank of Korea, North Korea's economy underwent 1.0-percent growth in 2014. Analysts expect a drought to hamper economic progress for 2015. North Korea does not release...
OECD: Increase the Minimum Wage to Combat Member Nation Structural Unemployment
According to the OECD Employment Outlook for 2015, member nations, when taken as a whole, are still experiencing alarmingly high rates of unemployment. Indeed, the OECD report points out...
The Week in Review: Rate Hike, China Demand, Greece
Major developments spanned three continents this week as the U.S. looks set to see a rise in interest rates, China’s imports continue to shrink, and European policymakers finally make...
Trouble Looms for Harper as Canadian Economy Tumbles
The Canadian economy is on the brink of a recession, spelling trouble for Prime Minister Stephen Harper as he seeks a fourth term in office this year, according to...
Do Environmental Treaties Threaten the Economies of Developing Nations?
While most think of environmental treaties as a positive turn for the world, a recent study indicates that these may actually be harmful to the developing economies of the...
Janet Yellen Affirms 2015 Rate Hike
At her semiannual report to Congress, Yellen said that the American economy was showing signs of persistent strength. “Prospects are favorable for further improvement in the U.S. labor market...
Weak Euro Benefits Germany According to IMF
While the euro has increased in value over the last year, news of financial troubles for Greece have led to heavy fluctuation in its value over the last six...
Bulgaria Appoints New Central Bank Governor
As lawmakers attempt safeguard the banking sector from the effects of the Greek crisis, the Bulgarian parliament approved Dimitar Radev as the new head of the nation's central bank,...
Iran’s Economy May Improve in Wake of Historic Agreement, but Oil Prices Take a Hit
For years, the Iranian economy has been slowed thanks to crippling sanctions imposed by the international community designed to discourage Iran from pursuing its nuclear ambitions. On Tuesday, the...
U.S. Retail Sales Slow as Economic Recovery Stutters
American consumers are spending less on retail products and services, as confidence in the economic recovery weakens and consumers keep their pocketbooks closed. In total, retail sales fell 0.3%...