Italy on Saturday raised its forecasts for economic growth this year and next and said it would cut the budget deficit by less than previously promised, Euronews reported.
World Economy
Portugal’s budget deficit narrowed to 1.4% of gross domestic product in the 12 months ended in June from 1.6% at the end of the first quarter, largely in line with the deficit target for this…
Thousands of steelworkers hit the streets of Bochum in Germany in opposition to industrial conglomerate ThyssenKrupp’s plans to merge its steel division with India’s Tata.
“We aren’t…
An expert commission has said investing more public money in infrastructure improvements would lead to a stronger German economy—and the government isn’t short of money. So what’s holding up…
Central banks are in danger of falling into a “debt trap” where they can’t take needed action for fear of triggering defaults and economic turmoil, a senior Bank for International Settlements…
Brazil’s government has freed up 12.8 billion reais ($4.1 billion) in spending this year to avoid a potential shutdown, the planning ministry said, taking advantage of a looser budget target…
The Reserve Bank of India eased rules governing foreign investment in corporate bonds by excluding rupee-denominated securities from its overall debt limit. The move potentially freed up 440…
The head of Germany’s biggest private lender wants the European Central Bank’s cheap money stimulus to end, warning that he sees price bubbles in stocks, bonds and property.
Qatar’s economy has proved its strength and resilience in the face of many global challenges which affected developed countries, Qatar’s Economy and Commerce Minister Sheikh Ahmed bin Jassim bin…
The World Trade Organization on Thursday upped its forecast for global trade growth in 2017 thanks to stronger than expected demand for merchandise in Asia and North America.
Germany’s economy weakened at the start of the third quarter after a strong performance in the first half of the year, but indicators suggest its solid growth will continue, the finance ministry…
While much of Africa has achieved impressive economic growth, United Nations officials Thursday encouraged countries on the continent to take further action to advance inclusive and sustainable…
The national economy is growing and creating a base for future national development, Russian President Vladimir Putin said on Thursday, Tass reported. “While GDP rose by 0.5% in the first…
Immigrants have made a large contribution to the working-age population of the eurozone since 2013 and are likely also boosting its labor force, particularly in Italy and Germany, the European…
China is angry at Standard and Poor’s following a downgrade of its creditworthiness by the ratings agency on concerns over the country’s rising debt. S&P underestimated China’s financial…
The Bank of Japan kept its monetary stimulus unchanged Thursday, but a dovish new board member opposed the decision in his first meeting, an unexpected dissension on a board chosen entirely by…
With strong economic growth in the first half of the year, the Canadian economy is expected to grow by an impressive 3.1% in 2017, according to The Conference Board of Canada’s Canadian Outlook…
Argentina’s gross domestic product grew 2.7% in the second quarter versus the same period last year and expanded by 0.7% versus the first three months of 2017, the government’s Indec statistics…
The world’s cereal production is headed for a bumper 2017, with total output on track for a record, the United Nation’s food agency said Thursday, AFP reported. The increase will not, however,…
Most world stock markets fell Friday as investors turned cautious following new US sanctions targeting North Korea and credit rating downgrades for China and Hong Kong.
As the Federal Reserve signals an end to its decade of unconventional monetary stimulus, divergence between the policies of the US and Asian central banks is growing, a stark contrast to an era…
The government of French President Emmanuel Macron needs to make good on its reform promises if it wants a shot at boosting growth durably, the International Monetary Fund said Thursday.
A leading global FX analyst expects New Zealand dollar to underperform over coming months as the economy experiences a sharp slowdown as a buildup of private debt finally catches up with rich…
China’s value-added tax reform, a key part of supply-side economic reform, has given impetus to economic growth and boosted entrepreneurship.
Unemployment is the biggest risk for businesses globally, according to a World Economic Forum survey of business leaders published on Wednesday.
The company executives put unemployment…
