The data suggested the world economy is still facing speed bumps as China tries to rebound from a slowdown and as growth in advanced economies remains fragile. One such hurdle was a partial U.S. government shutdown that lasted for the first 16 days of …
The long recovery period – now in year five, and still not back to normal – has diminished America's global economic influence and standing. Canada, living in America's shadow, is acutely aware that American growth has been impaired since 2008, since …
Financial markets in South-East Asia's biggest economy have been hit in recent months by a combination of domestic and global worries. The rupiah, Asia's worst performing currency in 2013, has fallen 14% this year as investors dumped Indonesian assets …
The recession that engulfed the developed world means that emerging economies are now center stage, Russia's PM Dmitry Medvedev said, adding that fast-growing BRIC countries – Brazil, Russia, India, China and South Africa – are the key to recovery.
CORPORATE income tax has not recovered from the sharp decline brought about by the global financial crisis that started late in 2008, statistics released by the Treasury and the South African Revenue Service (SARS) on Monday reveal. The Tax Statistics …
The world economy suffers from an under-consumption bias because of low and declining share of wages in the gross domestic product (GDP) in all major advanced economies including the U.S., Germany and Japan, as well as China. Yilmaz Akyuz.
Setting aside the external impact on the global economy, the damage to domestic stability and growth from anything other than a short-term technical default would be so severe that the political system (and both parties with it) could not withstand the …
None of these is an issue for most of the world—at least not yet—but on the other hand we have never had less growth, worse demographics, or higher unemployment since WWII. This is a true paradox that somehow needs to be resolved, and quickly if we …
Politicians never miss an opportunity to hammer home the message that we are competing in a global economy and that we have to get our goods and services out to the wider marketplace. In short: export or die. In the macro-economic sphere, there is …