In a parting plea for policy makers to tackle imbalances between debtor and creditor nations that he has long identified as a threat to growth, Mr. King said there is "no prospect of a sustainable recovery" in the global economy unless governments act.
While some areas of the world, such as the European Union (EU), are experiencing stagnant economic growth, other parts of the globe are experiencing stronger growth?but it's coming at a cost. One nation that has embarked on an aggressive policy to …
Tweet Fitch Ratings says in its newly published Global Economic Outlook (GEO) that it expects the global economy to strengthen gradually in H213 and 2014-15 as the US gathers steam and the eurozone approaches a cyclical turning point. However, the …
NEW YORK – The dollar recovered from early losses and global equity markets rose on Tuesday after better-than-expected government reports on the U.S. economy and strong consumer confidence data gave investors a reprieve about worries over Federal …
Much of the world's economic activity takes place in the form of unpaid work by women, from fetching water, carrying firewood and tending animals in subsistence agricultural countries, to caring for children, the sick and elderly in both developing and …
The Coalition has repeatedly attacked Labor for “wasteful spending” and for presiding over deficits in comparison with the surpluses of the Howard government years, often erasing the stimulus spending during the 2008 global financial crisis from its …
China's financial system is in the throes of a cash crunch, with interbank lending rates spiking Thursday and bank-to-bank borrowing nearly stalled, even as growth in the economy displays signs of slowing further. China's interbank and money market …
For more than four years, central banks around the world — led by the Federal Reserve — have aggressively pumped money into their economies to stimulate faster revival. These infusions are huge. From 2007 to today, the assets of major central banks …
LONDON/NEW YORK, June 21 (Reuters) – Factory output in China weakened to a nine-month low in June while U.S. manufacturing closed out its worst quarter in the last four, suggesting the road to recovery for the world economy remained an uneven one.