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Latest news about the state of the world economy.
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Wages Finally Rising, but Only for Lowest Income Jobs
Since the recovery of the US economy following the "Great Recession" of 2007, unemployment has steadily declined but wages have remained virtually unchanged, an historic anomaly. However, wages for...
Syria Cuts Imports to Protect Reserves
In an effort to save an economy plagued by war and inner turmoil, Syrian authorities are cutting imports to increase export capacity. The Syrian central bank is offering fewer...
Consumer Confidence, Home Prices Rise
American consumers are getting more confident while home prices continue to rise, as historical tailwinds turn to headwinds that are helping the country sustain its economic recovery. After a...
Report Finds Middle Class Smaller Than in 2000
A recent report by the Pew Charitable Trust has found that the middle class has definitely gotten smaller since 2000. But, with the economy on the rebound, should it...
Ethiopian Economy Comes Back with a Vengeance
The Ethiopian economy has made significant headway in such sectors as infrastructure, energy and agriculture. The East African country hopes to get away from its poverty-stricken image. When it...
Incomes, Spending Gain in U.S. on Growing Purchasing Power
Americans saw their incomes rise in February, helping spending to rise slightly as goods and services become slightly more affordable. Personal incomes rose 0.4% in February, the same gain...
Americans Saving More, Is That Good Or Bad?
According to a recent report by the Commerce Department (and reported by the Wall Street Journal), Americans are saving more of their incomes than they have since 2006. Analysts...
Iran May Accept Nuclear Deal to Strengthen Economy
Analysts predict Iran may agree to a deal with the West over the nation's nuclear ambitions in order to get the economy back on track. All parties could come...
Japan, China See Slowing Growth
Japan and China’s economies continue to deteriorate as more indicators signal a growth slowdown. In Japan, industrial production failed to meet expectations in February as less Japanese consumers opened...
Interest Rate Hike in 2015 Likely, Despite Disinflation Fears
The Federal Reserve is likely to raise short-term interest rates for U.S. Treasuries, despite fears such a move could hurt equities and kick start a recession. Federal Reserve Chairwoman...


