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Latest news about the state of the world economy.
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Indian Central Bank Cuts an Important Interest Rate to Increase Economic Growth
The Reserve Bank of India made an unexpected move by lowering lending rates by a quarter percent to help the government foster economic stability. This marks the second interest...
UK Cuts Income Taxes Again: Economists Ask Whether This Makes Financial Sense
The United Kingdom has been engaging in a surprising program that has raised the "personal allowance," or amount one can earn before paying income taxes, to record highs. The...
Markets Surge as Federal Reserve Loses “Patience”
Equities rallied in the United States as the Federal Reserve hinted that interest rates will not rise in the near term, and that the Fed continues to wait until...
Rwandan Economy Grew Seven Percent in the Fourth Quarter
Rwanda's economy grew from 4.6 percent to 7.0 percent in the fourth quarter. Headway in farming, the service industry and the industrial sector underpinned growth. The country's central bank...
Falling Unemployment and Rising Wages No Longer Strongly Linked, Puzzling Economists
For six years, the US economy has grown. Unemployment has slowly dropped and overall the health of the American economy has returned to levels comparable to those before the...
Housing Starts See Sudden Decline Despite Employment Gains
A fall in unemployment rate has not caused more demand for residences, as housing starts suddenly declined in February. Private housing starts fell to a seasonally adjusted annual rate...
China Rejects U.S. Corn and Turns to Ukraine
China has ordered 600,000 tons of corn from Ukraine for 2015. The Chinese previously rejected the U.S. brand in 2014, which contained an unacceptable genetically modified trait. China has...
American Homebuilder Confidence Makes Surprising Drop in March
A recent report has found that homebuilders have lost confidence in the American housing market in March 2015. The drop has surprised many analysts who see the market on...
Euro Stabilizes as Oil Plummets
The euro rose from its lowest point over a decade against the dollar as oil prices continued to fall. For the second day straight, the euro rose slightly against...
Nigerian Election Hinges on the Economy
Terrorist organization Boko Haram is a primary issue in the upcoming elections in Nigeria, but the country's declining economy is also on the minds of many voters. The government...


