World Economy

Unemployment in Greece recorded a noteworthy decrease in September, compared to the same month in 2016, according to data supplied by the Greek statistics authority. The unemployment rate in…

The International Monetary Fund delegation appreciated Pakistan’s efforts in maintaining macroeconomic stability and achieving “impressive” economic growth despite multiple challenges.

Brazil’s economic recovery gained traction in the third quarter, supported by steady family consumption and a rebound in investment. Gross domestic product expanded 0.1% from the second quarter…

Fitch has cut its 2017 economic growth forecast for Nigeria to 1% from 1.5%, the ratings agency said. Nigeria returned to growth in the second quarter of 2017 after shrinking by 1.5% in 2016 but…

The second-largest workers’ union in Hong Kong on Sunday called for a salary increase of at least 6% across all industries, in line with the government’s economic growth forecast being raised to…

Despite a mostly solid run of job growth, 2017 ends pretty much where it began—with a two-speed economy where wage growth is funneling to one end while the other lags behind.

The European Union’s farm chief pressed Latin American countries to offer market access for EU olive oil and dairy goods to help seal a free-trade agreement that has been in the works for two…

Croatia must press on with reforms to change the structure of its economy and avoid the risk of low growth and lagging behind other new European Union member states, a World Bank official said…

Vietnam recorded a trade surplus of $2.76 billion in the first 11 months of the year, or 1.4% of total export turnover, according to the ministry of industry and trade, VNA reported. This marks…

Fitch Ratings Agency says the base case is that Turkish banks will continue to have good funding market access in 2018. “Our base case is that Turkish banks will continue to have good funding…

The World Bank on Friday signed a $1.15 billion loan with the Egyptian government, a final tranche of funds to support economic reforms in the country, the international lender said, AFP…

Why does the IMF care so deeply about corruption? The reason is simple. The job of the IMF is to protect global economic stability and promote strong, sustainable, balanced and inclusive…

Taiwan’s exports climbed to a record amount in November, beating expectations and shoring up confidence strong global demand for electronics will bolster the island’s growth prospects in 2018.…

In the budget presented after the end of Robert Mugabe’s era of 37 years of ruling the country, Zimbabwe has taken a few positive steps in order to liberate the economy and make it more open.

Crisis-wracked Venezuela has defaulted on two bonds, failing to make a $183 million coupon payment, ratings agency S&P said. The agency said OPEC-member Caracas failed to make the payment…

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just…

The OECD warned Australia on its debt levels in March. The IMF warned in October. Now the Bank of International Settlements has flipped on the alarms. That’s the whole set of global financial…

The future of Oman, situated along a vast stretch of coastline reaching the strategic Strait of Hormuz, is linked to the sea—and the country’s ability to leverage this connection will be key to…

State Street Global Advisors, the asset management arm of State Street Corporation, Friday released its Global Market Outlook for 2018–Step Forward, Look Both Ways–predicting that the coming…

The South Korean economy is maintaining its current recovery pace on the back of strong overseas sales, although there are some downside risks, such as North Korea’s provocations and ongoing…

The Thai consumer confidence index rose for the fourth consecutive month in November to its highest level in 33 months. The growth rested on a better than expected economic outlook in the third…

World stocks rose as a breakthrough in Brexit negotiations added momentum to an upswing underpinned by strong economic news from China and Japan.

France’s industrial output for October beat expectations after a surge in manufacturing equipment production, statistics showed Friday, MarketWatch reported. Industrial output in the eurozone’s…

Embattled industrial giant General Electric announced Thursday it will cut more than 12,000 blue and white collar jobs in its GE Power unit, part of a turnaround plan launched by the new company…

German imports outpaced exports in October, slightly narrowing the country’s oft-criticized massive trade surplus, preliminary data showed on Friday. Exports from Europe’s top economy slid 0.4%…