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Latest news about the state of the world economy.
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U.S. Indicators Show Sudden Positive Reversal
Two separate economic indicators show a sudden reversal, hinting that recent weakness in the U.S. might have been temporary.Independent payroll services firm ADP announced on Wednesday morning that private...
Brazil Risks Recession to Raise Interest Rates
Brazil, Latin America's biggest economy, is risking a recession as politicians and policy makers make a desperate gamble to bring down inflation. The push is led by Brazilian President...
Warren Buffet Criticizes Obama on Keystone XL Veto
Billionaire investor Warren Buffet does not approve of President Obama's recent veto of the Keystone XL pipeline. Buffet believes Obama is thumbing his nose at Canada.Buffet said another reason...
Will Bitcoin Soon Replace Paper Money?
An Australian economics professor has predicted that electronic currency such as Bitcoin will replace paper cash within a decade. Others believe this prediction is unrealistic given the slow adoption...
Crude Production Reaching Storage Limit
Producers prepare for drastically low oil and gasoline prices in the coming months as stockpiles increase. The United States has been producing a million more barrels a day than...
Canada, Switzerland See Stronger Growth
Economic growth in Canada and Switzerland beat expectations, but currency issues are causing analysts to urge caution for the future.In the fourth quarter of 2014, Canada saw GDP rise...
U.S. Spending and Production Fall Despite Income Growth
American companies and consumers are spending less even as personal income is growing in a sign that economic growth is under threat.Several new economic indicators released on Monday indicate...
India to Target Inflation
India's economy has been growing steadily for quite a few years. Along with high growth comes inevitable inflation. In response, Indian policymakers have decided on a new strategy to...
Japanese Economy Grew in the Fourth Quarter
Japan's GDP grew by 2.2 percent in the fourth quarter of 2014 because of exports. Despite an expectation of 3.6 percent growth, many economists believe Japan's dark days are...
Russian Economy Presses on Despite Sanctions
Russia's foreign debts are declining as the government relies on currency reserves to pay down state company debts to foreign creditors. Economic sanctions appear to have no major impact...


