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Latest news about the state of the world economy.
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Cuban Economy Heating Up; Posts 4 Percent Growth for First Half of 2015
Raul Castro's Cuba has made many changes in recent years, and some of these seem to be paying off for the economy. After more than five decades of limited...
Cuban Economy Grows as Relations with U.S. Improves
Analysts project that the Cuban economy will grow 4.0 percent in the first half of 2015, due to gains in such areas as manufacturing, trade and construction. Tourism also...
Asian Exporters Hurt from Weak U.S. Demand
Asian exporters are finding it harder to sell to the U.S., causing many nations to look for alternative markets of goods-hungry consumers. Asian exporters are finding it harder to...
How China’s Economic Slowdown Could Be Bad for the Rest of the World
It is easy to become quite cavalier when analyzing economic performance of various countries to think of them as existing in bubbles. However, as anyone with a moderate level...
Could Nigeria Become the World’s Next Hot Tourist Destination?
Nigeria is an oil rich nation. While that has helped it grow into one of the largest economies in Africa, the recent downturn in oil prices has caused a...
Violence Cost World Economy over $14 Trillion in 2014
According to a new report from the Institute for Economics and Peace (IEP), violence not only cost the world economy trillions of dollars but also carved out 13 percent...
Problems with Puerto Rican Debt Cause Mass Exodus, Exacerbate Problems
Puerto Rico, a Spanish-speaking US territorial island in the Caribbean has an unusual dilemma. Its economy has performed remarkably poorly, causing Puerto Rican citizens to leave the country to...
Japan Maintains Rosy Assessment of Economy, Ongoing Stimulus
Emerging from last year's recession, many in the financial industry were curious about the Japanese government's take on its own recovery programs. While these programs included a substantial stimulus...
Norwegian Central Bank Cuts Important Interest Rate amid Low Oil Prices
Norway's central bank cut rates to a record 1.0 percent as the world economy continues to deal with lower oil prices. Norway's economy has been struck with rising levels...
Is MERS Killing the South Korean Economy?
South Korea has been contending with an outbreak of Middle East Respiratory Syndrome (MERS) for several months. Economists fear the disease could harm the South Korean economy just as...