For comparative purposes, the European Union, the world's largest economic bloc, controls some 23 per cent of global GDP. Needless to say, the EU comprises of 28 members following accession of Croatia in July. The bloc includes powerful economies like …

In recent years, the so-called BRIC nations–Brazil, Russia, India and China–have been the engines for world economic growth. Now, as growth in these countries is slowing down, the developed economies of Japan, Europe and the United States are picking …

Indonesian President Susilo Bambang Yudhoyono. — Reuters picJAKARTA, August 17 — Indonesian President Susilo Bambang Yudhoyono offered a favourable assessment of his record even as growth slowed before the 2014 elections, saying the …

THE dog days of August have often spelled trouble for the world economy. In 2011 America's politicians flirted with default and the euro seemed to be heading for collapse. The summer of 2012 brought another bout of euro angst and depressing evidence …

After 18 months of recession, the euro zone is finally growing — remember that? — again. That's nice, but its 1.2 percent annualized growth in the second quarter of 2013 isn't exactly sweet vindication for its austerity and tight money policies …

What we don't notice can hurt us. We are good at monitoring our immediate environment: competitive activity, consumer demographics, employee culture. When our world is stable, we don't need to expand our focus. But shifts in stability often begin with …

'We're not expecting a boom in Europe, but there is a momentum shift, and you're going to feel it in markets and the world economy,' said Joseph Lupton, a senior global economist at JPMorgan in New York who also has worked at the Federal Reserve.

Falling commodity prices and resilience in risky assets signal that the current economic consolidation phase will give way to a renewed global acceleration in the second half of 2013, according to ING Investment Management (ING IM). Valentijn van …

The Indian economy may be looking at a perfect storm. A loose fiscal policy uncorked a spell of high inflation, triggering a tight monetary policy to fight it. The outcome was the economy began to lose momentum. Misgovernance added to woes by way of …