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Latest news about the state of the world economy.
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ECB Accused of Blackmailing Greece as Grexit Grows Popular
More Europeans are accusing finance ministers of blackmailing Greece, leading to suspicion that Germany is pressuring the country to cut welfare spending on its poorest citizens so that it...
Is Slowing Chinese Economic Growth Gaining Momentum?
China's manufacturing shrank in March, adding to the mounting evidence that China's economy may be stalling and cooling off much more quickly than previously predicted. According to a report...
Scottish Economy Takes Sharp Downturn but a Rebound is Expected
A report from the Bank of Scotland noted that Scotland's economy slowed heavily in the first few months of 2014, but expects additional growth over the next few months....
Federal Reserve Sees Below-Average Growth
The U.S. economy is growing at a lower-than-average rate, far short of expectations, as last-year’s optimism turns sour. A new study by the Chicago Federal Reserve shows that economic...
Vice Premier Sees Positive Economic Signs for China
Vice Premier Zhang Gaoli said his country's economy is stabilizing, with gains in such areas as the service sector and employment. Economic growth expects to retract from 7.4 percent...
African Urbanization May Point to Economic Opportunities
In 2014, for the first time in recorded history, more humans lived in cities than anywhere else – around 54% of the global population to be exact. Most economists...
U.S. Home Sales Weaken Despite Lower Rates
Mortgage interest rates are falling, but that is not encouraging more Americans to buy houses, especially in higher-priced urban markets. According to Freddie Mac, 30-year mortgage interest rates fell...
Russia Continues to Weather Economic Storm
Russian President Vladimir Putin remains cautiously hopeful about the economy as his country adapts to Western sanctions over the Ukraine crisis. Finance Minister Anton Siluanov believes the worst part...
Monty Python Star Takes on Institution of Economics Education in New Documentary
Economics is, at its core, the study of diverse financial systems and how they interact. It attempts to make sense of the ups and downs of various markets, the...
The Week in Review: Higher Unemployment, Lower Productivity, and a Dovish Fed
Unemployment claims rose and productivity weakened in the United States while the Federal Reserve announced falling growth expectations were encouraging it to maintain a loose monetary policy. Unemployment claims...


