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Latest news about the state of the world economy.
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Eurozone Sees Inflation, Falling Unemployment
Two indicators showed renewed strength in European economies, as the Eurozone saw both an end to deflationary trends and a rise in employment. Prices rose 0.3% in May in...
Saudi Economy Expected to Grow in 2015
Despite the shock of low oil prices, Saudi Arabia's real GDP expects to grow 3.5 percent for 2015, according to the Saudi Gazette. Increased spending and oil production will...
Is Chinese Production Too Efficient for Global Economy?
China's economy grew on the back of its impressive manufacturing capabilities. Just over a decade ago, as China sought ways to expand its economy, it turned to manufacturing and...
Australia GDP Rises Despite Disinflation Woes
Australia saw GDP growth accelerated to a 0.9% rise in the first quarter of 2015, above expectations, although incomes have stagnated and economists fear the country is facing a...
Stronger Franc Hurts Swiss Exporters
The Swiss economy contracted at its fastest rate in six years, with GDP falling 0.2 percent in Q1, as the nation's export capacity suffers from a stronger currency. Exports...
From Manufacturing to Construction, U.S. Shows Signs of Recovery
After an initial quarter of negative growth in the U.S., new economic data indicates a seasonal pickup began in spring. From manufacturing activity to construction spending, and from personal...
European Economy Showing True Strength
Europe's economic recovery is gaining momentum, leading to a more positive outlook for the region's long-term financial prospects. According to Barron's, gross domestic product (GDP) in the European Union should...
Greece Default Nears
Greece has run out of funds and has failed to secure support from the European Union. As a result, the indebted nation may not make its payments for an...
Brazilian Economy Contracts in the First Quarter
Brazil's economy receded 0.2 percent in the first few months of 2015, and analysts expect the lack of growth to continue. Analysts believe Brazil's GDP will shrink by 1.2...
Is Wall Street Too Big and Actually Hurting the US Economy?
A new study by the International Monetary Fund (IMF) investigates the dangers of financial systems that have grown too big too fast. The excessive growth of the American financial...