The Philippines was ranked the 90th most innovative economy in the world this year, according to the Global Innovation Index 2013. This was an improvement from its 95th position last year, which was attributed to the perceived positive changes in the …

Corruption is rampant, and the tourist sector (a major economic generator) has tanked. Much of Egypt's population is dependent on food imports, and the country is poorly positioned to compete in the global marketplace. “Egypt's economy is in tatters …

The impressive performance of the Indian economy over the last two decades has been severely dented in recent years. Not only has growth decelerated to a decadal low, the promised recovery has proved elusive with the government focussed more on …

IMF chief Christine Lagarde on Sunday signaled Sunday that her organization would be lowering slightly its global economic growth forecasts, which are set to released in the next few days. Lagarde noted that the International Monetary Fund, along with …

By contrast, China, the world's second-largest economy, is likely to report sluggish exports and imports with deflation entrenched at the wholesale level – a tell-tale sign of overcapacity plaguing many industries, including shipping. On Friday, China …

At the end of the 20th century, Japanese scholar Kenichi Ohmae put forward the idea that the world consisted of three economic plates, one centering around the US which included Canada and Central and South America, one taking the EU as its core which …

Financial globalisation means that all markets have an impact on each other—equities, currencies bonds or commodities. Hence, currency movement not only depends on the economic scenario of a country, but also on the overall macro-economic …

The global economy is recovering but won't take place in the same way it has in the past, experts said Monday. Emerging countries led by Asia, Africa and Latin America will soon control half of the world economy, up from a third currently, Scotiabank …

Sub-par U.S. economy suggests no rush to withdraw stimulus. * China, euro zone PMIs to test likely G8 economic optimism. By Alan Wheatley, Global Economics Correspondent. LONDON, June 16 (Reuters) – Like a father who has told his son the tooth fairy …