Cuba’s economy bounced back from recession and expanded an estimated 1.1% in the first half of this year, driven by growth in tourism, construction and agriculture, Economy Minister Ricardo…
World Economy
Japan’s exports are expected to have risen for a seventh straight month in June, a Reuters poll showed on Friday, indicating that a recent revival in global demand will continue to support a…
Low commodity prices coupled with tight liquidity conditions and successive droughts effectively slowed down Zimbabwe’s economic growth from 1.1% in 2015 to 0.7% in 2016, International Monetary…
Bahrain’s budget for fiscal years 2017 and 2018 serves as testimony of the complex challenges confronting the country’s public finances. The budget is beset by a host of problems, including an…
India is one of the top investment destinations in the world right now thanks to a stable economy and low inflation besides reforms like the goods and services tax and new insolvency rules, said…
Singapore’s economy grew more slowly than expected in the second quarter, but managed to narrowly avoid a technical recession.
Still, the tepid numbers hint at more uncertainty ahead.…
Peru’s economy grew by a faster-than-expected 3.39% in May from the same month a year earlier, the quickest pace in four months thanks to a surge in anchovy catches that offset an ongoing slump in…
Foreign direct investment in Egypt rose by 12% in the first nine months of the 2016-17 fiscal year to $6.6 billion compared to $5.9 billion in the same period a year earlier, the investment…
South Korea’s central bank is expected to maintain its key interest rate at a record low until mid-2018, according to an economist at Goldman Sachs on Saturday, after the Bank of Korea hinted that…
Fitch Ratings said it has affirmed Croatia’s long-term foreign- and local-currency issuer default ratings at ‘BB’ with a stable outlook, SeeNews reported. The issue ratings on Croatia’s senior…
The White House says worsening tax revenues will cause the budget deficit to jump to $702 billion this year. That’s a $99 billion spike from what was predicted less than two months ago.
Italy’s absolute poor, or those unable to purchase a basket of basic goods and services, reached 4.7 million last year, up from almost 1.7 million in 2006, national statistics agency Istat said.…
The eurozone is likely to break up no matter how hard France and Germany try to save it, one of the world’s biggest investment banks is warning.
A senior employee at Bank of America Merrill…
The IMF has lowered its growth forecast for the United Arab Emirates for this year and 2018, as low oil prices continue to impact the economy.
Many of the world’s largest emerging markets are leading producers and consumers of raw materials. As a result, their business cycles tend to be highly dependent on fluctuations in the global…
The economy—as measured by gross domestic product—grew by 5.1% in 2016, the latest figures from the Central Statistics Office show. This confirms that Ireland was the fastest growing economy in…
The International Monetary Fund’s executive board has approved the first review of a $12 billion loan to Egypt and has disbursed $1.25 billion, the final installment of the first $4 billion…
Britain’s bailed-out Royal Bank of Scotland agreed to pay a US regulator $5.5 billion over its role in the subprime mortgage crisis more than a decade ago, AFP reported. The lender said in a…
The Bank of Canada raised its key interest rate for the first time in nearly seven years, responding to what it sees as “above-potential” economic growth, AFP reported. The bank lifted the key…
Many of last year’s successful oil market bulls have seen their winnings dissolve in the first half of this year, as the crude price has wallowed below $50 a barrel despite output cuts by some of…
Eurozone's trade boomed in May with both exports and imports of goods to the rest of the world growing markedly, in a new sign that global commerce was in good health.
The European Union,…
While Kenya’s small and medium enterprises continue to create jobs and boost the GDP, they face a myriad of challenges that always hamper their growth, Africa Review reported. Kenya’s 2017 overall…
Japan’s government on Friday raised its growth forecasts for private consumption, capital expenditure, and housing investment for the current fiscal year as domestic demand gathers strength.
Federal Reserve Chair Janet Yellen warned Thursday that the Trump administration target of 3% growth will be “quite challenging” to meet.
President Donald Trump had promised during last…
Brazil’s economy appears to have turned a corner, but political uncertainty is on the rise, prompting the International Monetary Fund on Thursday to cut its 2018 growth forecast for the recession-…
