After their meeting in Sydney, the G20 ministers issued what host Australia called "an unprecedented" and unusually brief two-page statement to drive "a return to strong, sustainable and balanced growth in the global economy". "We will develop …
The world economy has had an uneven recovery from the 2008 financial crisis and the global recession that followed. Progress in returning economic growth to pre-crisis levels has been hampered by austerity policies in Europe, high unemployment in the …
Finance chiefs from the 20 largest economies have agreed to implement policies to boost the world economy by more than $2tn over the coming five years. Australian Treasurer Joe Hockey, host of this year's Group of 20 summit in Sydney, said the …
Activity in China's factories shrank again in February, a survey showed, the minor slowdown in the world's second-largest economy enough to upset markets across the region. The flash Markit/HSBC Purchasing Managers' Index (PMI), released last week, …
SYDNEY, Australia — The world's top economies have embraced a goal of generating more than $2 trillion in additional gross domestic output over five years while creating tens of millions of new jobs, signaling optimism that the worst of crisis-era …
There was a nod to concerns by emerging nations that the Federal Reserve consider the impact of its policy tapering, with the communique saying central banks would be mindful of the effects on the global economy. The G20 communique also stated that it …
The data will provide the latest read on the world's largest economy as Federal Reserve Chair Janet Yellen prepares to deliver a second round of testimony on monetary policy to lawmakers Feb. 27 on Capitol Hill. The hearing before the Senate Banking …
"With respect to the economic cycle, 60% of investors think the global economy is currently in mid-cycle," says Michael Hartnett, chief investment strategist at BofA Merrill Lynch. "Only 1% thinks we are in recession." Global economic cycle. BofA …
Some analysts warned that the recent Lunar New Year holidays may have affected the result, but the sub-50 reading indicated a contraction in the sector and reinforced worries that the world's second largest economy was slowing down. That could have …