World Economy

China, the world’s largest exporter, might face a trade deficit in the next five to 10 years as the second-biggest economy is ramping up imports, a former top Chinese official has said.

Egypt has revised up its economic growth forecast for fiscal 2017-18 that began in July to 5.3 to 5.5% from 4.8% previously, the planning minister said on Saturday, Reuters reported. Hala al-…

The Bangladesh economy has come under pressure owing to crisis in the banking sector, inflationary pressure, soaring import against the backdrop of inadequate export earnings and remittance…

Oman’s trade surplus stood at OMR942.2 million ($2.44 billion) for the first nine months of 2016, according to the data of the National Center for Statistics and Information, NewsNow reported. The…

South Africa wants to attract foreign investors to help it kick-start economic growth and eradicate poverty and will crack down on corruption, the new leader of the ruling African National…

The overall economy of the Asia-Pacific region is making progress with a stable performance, a sign of further recovery from the 2008 financial crisis. The region remains a major world economic…

Morocco will adopt a more flexible exchange rate from Monday as part of a long-awaited plan aimed at boosting the competitiveness of the North African nation’s economy, Bloomberg reported. Bank…

Sweden’s central bank, the Riksbank, is spearheading international cooperation on the development of officially sanctioned cryptocurrencies and could be the first to launch its own, according to…

Canada is coming off a stellar year for economic growth, but an internal memo for the finance minister says the party's over.

A note for Bill Morneau, obtained by CBC News under the…

Japan’s economy is gathering steam, profits are at record levels and companies are poised to raise wages—yet retailers and restaurant chains are struggling to lift prices for fear of losing…

The International Monetary Fund on Friday stepped up its warnings against economic slowdown in Tanzania, saying the government needs to take urgent measures to reverse the downward trend.

The government of Mauricio Macri dreams of Argentina becoming the world leader in lithium production. But it does not seem so clear that this aspiration, underpinned by the interest of…

In these early days of 2018, it is sad and ironic that just as Latin America is reemerging from a prolonged period of recession and sluggish growth, it’s most important trading and investment…

Italian industrial output was weaker than expected in November, coming in unchanged from the month before and casting some doubt over growth prospects as the country heads for a March election…

The Bank of Canada will get the first crack in the coming week at demonstrating whether, as many expect, monetary policy among the world’s major economies is set to tighten more in 2018 than in…

Sweden’s inflation rate slipped back below the central bank’s target in December, highlighting the fragility that has made the Riksbank reluctant to normalize interest rates despite the country’…

New European Union rules from January 13 aim to prize open banking to more competition by allowing outside firms to make payments and offer other financial services by directly accessing a…

JPMorgan Chase reported a 37% drop in earnings in the fourth quarter due to a $2.4 billion one-time charge related to the new tax law but the bank’s loan growth was strong suggesting the US…

One of the world’s top accounting firms has been banned from auditing listed companies in India for two years. The country’s financial regulator has punished PwC for failing to spot fraud of…

The Ethiopian economy will maintain its growth lead for the East African region according to the latest World Bank report.

The economy, however, dropped a step in growth forecast in the…

The risk of an overheating US economy in the next few years, partly fueled by tax cuts, reinforces the case for continued gradual interest-rate increases, Federal Reserve Bank of New York…

Turkey’s current account deficit hit $4.2 billion in November 2017, marking an increase of $1.94 billion year-on-year, according to official data released on Friday, Anadolu Agency reported.…

Jordan’s economic growth is forecast to edge up to 2.5% by 2020 after suffering a slowdown by 0.3% in the past two years, according to the 2018 Global Economic Prospects report released by the…

Bitcoin slumped to its lowest level since Christmas day as South Korea’s justice minister reiterated his proposal to ban local cryptocurrency exchanges, fuelling concern a state crackdown will…

Ratings agency Standard & Poor’s cut Brazil’s credit rating further below investment grade on Thursday as doubts grew about a presidential election in October and a push to trim its costly…