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Consumer Spending Ticks Upward, Jobless Falls to 15-year Low
Consumer spending rose by the largest amount in nearly half a year even as incomes remain stagnant. According to a new report by the Commerce Department, consumer spending rose...
Bank of Canada Governor Believes Canadian Economy Will Improve in 2015
Central bank head Stephen Poloz said that the second quarter would see positive results after the economy suffered from the shock of low oil prices. The bank expects an...
Could Bitcoin Displace National Currency in Argentina?
In recent years, Argentina has come to be known for its highly volatile currency values and myriad problems with its banks. As a result, many in Argentina find themselves...
Taiwan’s Growth Carries it to Front of the Pack for Asian Economic Expansion
For the fourth straight quarter, Taiwan has leapt ahead of other Asian economies in terms of expansion. Expected first-quarter report results should demonstrate growth of about 3.5 percent, according...
Conservatives Promise Referendum on Britain Leaving the EU
Prime Minister David Cameron vowed to hold a referendum by 2017, determining whether Britain should leave the European Union. However, the promise is based on the ability of conservatives...
ECB Set to Give Greece Emergency Cash
The ECB is set to announce it will provide emergency lending to Greece even as both continue negotiations on a long-term agreement over the Mediterranean nation's debt crisis. The...
Spanish Prime Minister Remains Hopeful about the Economy
Despite public frustration, Prime Minister Mariano Rajoy projects 2.9 percent growth in 2015 and 2016, while creating around 500,000 jobs. Rajoy is relying on economic progress to win a...
Earthquake Shines Light on Nepal’s Economic Plight
On Saturday, April 25, 2015, the Himalayan nation of Nepal suffered a massive 7.8 magnitude earthquake. The results: at least 3,000 people dead and damage to the tiny nation's economy...
UK Growth Stalls in Conservative Challenge
UK growth slowed to its lowest rate since 2012 in a surprise reversal. The British economy saw growth slow to just 0.3% in the first quarter of this year,...
China’s Growth Likely Overstated; Actual Figures Hard to Determine
China released its first quarter Gross Domestic Product (GDP) tabulations in early April. The figure it quoted, seven percent, represented the worst rate of growth for the Asian economic...


