Shares in China plunged 5 per cent amid warnings from the government there that it would not "wet nurse" the economy back to health – sending global stock markets headed into further turbulence. The colourful language followed a US central banker, …
But over the next 12 months we'll often hear the phrase "multi-speed economy" — in the global context — with the main economic blocs experiencing unusually disparate rates of growth. Even then, these differences are unlikely to be the main drivers of …
African informal economy figures suggest that the continent's formal $1.3trn GDP is set to grow faster, according to Old Mutual Investment Group. In 2012, total GDP of Africa was $1.3trn, equating to 2.5% of world's $54trn. The economic performance …
But based on trade data for the first four months of the year, which saw exports and imports contracting 2.7% on the back of continued weakness in the global economy and softening commodity prices, he said Malaysia's trade growth would likely end 2013 …
The renewed turmoil on global financial markets, which saw major falls on Asian markets and a one percent downturn on Wall Street yesterday, underscores the fact that none of the problems that erupted in the 2008 meltdown have been overcome. On the …
ederal Reserve Chairman Ben Bernanke's announcement this week that the central bank could begin winding down its stimulus program initially seemed like good news. After all, the impetus behind the tapering, as it is known, is that the U.S. economy is …
June 12, 2013 – The world economy appears to be getting back on its feet as risks from advanced economies ease. Growth in the developing world will remain solid, albeit slower than the frenetic growth rates seen during the pre-crisis boom period, as …
Solar Power. Renewable energy will provide more of the world's electricity than gas-fired power plants by 2016, the International Energy Agency has said, as sources such as hydro, wind and solar power grow rapidly in emerging economies, especially China.
Business executives in North America are more positive than those elsewhere about their own countries' economic prospects, according to a report on global economic conditions released Friday. But those executives are more uneasy about the world …