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Latest news about the state of the world economy.
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Mortgage Market Improves, Consumer Sentiment Rises
Two major trends are boosting economic expectations in the United States, as the mortgage market continues to strengthen and consumers get more confident across the country. The total amount...
African Economies are Booming, But Matching Labor Supply and Demand is a Challenge
Africa is on the rise. Once, nations like Ethiopia were poster children for poverty and starvation. Today Ethiopia is one of the fastest growing economies in the world. In...
Austrian GDP Grows in 2015, but Continues to Struggle
Austria's GDP rose 0.1 percent in the first quarter, and exports increased 0.8 percent when compared to the last quarter. Austria is one of Europe's most downtrodden economies. Austria,...
Greece, Creditors Fail to Reach Agreement
Greece failed to reach an agreement with its creditors before a meeting with European Union leaders. Greek Prime Minister Alexis Tsipras met with creditors to discuss how to alter...
Buhari Vows to Get Nigerian Economy Back on Track
Newly elected president Muhammadu Buhari stated that Nigeria's previous administration left the treasury "virtually empty," according to Channel News Asia. The West African nation has suffered from such factors...
Spanish Economy Roaring Back to Life
Spain has the fifth largest economy in the European Union, but it may soon be climbing the ranks. According to a recent report by the Associated Press (via ABC...
China Encourages Debt as Manufacturing Shrinks
Chinese economic activity continues to decline as the government encourages borrowing money to fuel growth. According to the HSBC flash Purchasing Managers’ Index (PMI), manufacturing activity shrunk again in...
Analysts Expect Slight Improvement for Cyprus Economy in 2015
According to the International Monetary Fund, the Cyprus economy is expected to grow 0.2 percent for the year, which is a reversal from three years of economic contraction. Experts...
Armed Conflict Crushing Syrian Economy
Syria has been engulfed in military conflict for more than four years. These battles have cost the Middle Eastern nation more than a quarter million lives and led to...
U.S. Real Estate Rebound
American home sales are growing as more first-time homebuyers enter the market, driving demand for existing homes throughout the country. According to the National Association of Realtors (NAR), existing-home...