NEW YORK: Why is the world economy still so weak and can anything more be done to accelerate growth? Six years after the near-collapse of the global financial system and more than five years into one of the strongest bull markets in history, the answer …
Despite a weak of lackluster economic data, the global economy is getting better. Quarterly growth is expected to rise from here in, even in Brazil where contraction is now a given for the second quarter. By the end of the year, global growth will have …
The global economy continues to stumble along. According to the latest IMF World Economic Outlook (WEO) published, global economic growth slowed to an annual rate of 2.7 percent in the first quarter of 2014, well below the 3.6 percent registered in the …
Jeremy Cook, of currency firm World First, said that the figure is "probably the high water mark for growth this year". Paul Hollingsworth of Capital Economics said that with euro area figures "highlighting the fragility of the recovery there, the UK's …
IN THE MOVIE Groundhog Day, a television weatherman played by Bill Murray awakes every morning at 6:00 to relive the same day. A similar sense of déjà vu has pervaded economic forecasting since the global economic crisis began a half-decade ago.
While these sanctions are likely to affect Russia and some of its trading partners materially, they are also likely to have a surprisingly small impact on the global economy as a whole. "In principle, the size of Russia's economy — less than 3% of …
Almost six years after the financial crisis that began with the collapse of the US investment firm Lehman Brothers in September 2008, triggering the deepest recession since the 1930s, the world economy is showing no sign of significant recovery. Unable …
Brazil, Russia, India, China, and South Africa have thrown down the gauntlet at the feet of the West. Last month these five emerging economies launched a New Development Bank – nicknamed the "BRICS Bank" – that combines features of the World Bank and …
[Photo: CFP]. New questions are being raised about the overall growth of the global economy for the 2nd half of this year. Concerns are being raised amid word this week that GDP in the eurozone has flatlined in the second quarter. Economic growth in …