2014 breakout year for the United States
The Economic Advisory Committee of the American Bankers Association says that 2014 will be a breakout year for the country, as the fiscal drag...
December Consumer Price Index rose 0.3, fastest gain in 6 months
The US December Consumer Price Index (CPI) had its largest increase in six months, according to the Labor Department. The CPI rose 0.3% after...
Global deflation is rising risk, says IMF’s Christine Lagarde
Even though things look promising for the world economy, global inflation is a rising risk, IMF Managing Director Christine Lagarde warned in Washington D.C....
Russian economy growing but still needs further reforms, OECD says
The Russian economy is growing, says the OECD, but it needs further reforms in order to encourage future growth, stimulate innovation and improve the...
German economy grew by just 0.4% in 2013
The German economy expanded by just 0.4% in 2013 (compared to 0.7% in 2012), less than experts had expected.
Last year Germany’s GDP grew...
Global economy bouncing back, World Bank
The global economy is bouncing back, according to the World Bank's Global Economic Prospects, five years after the financial crisis shook the world.
The current...
Eurozone recovery very weak, risk of deflation
The Eurozone recovery is still extremely weak, GDP during the third quarter of 2013 grew by only 0.1%. Economists say a sharp fall in...
America still eight million jobs short
Six years after the financial crisis of 2008 and America is still eight million jobs short compared to pre-recession employment levels, according to a...
Minimum wage of $10.10 endorsed by top economists, USA
An impressive lineup of seventy-five prominent economists, including 7 Nobel laureates and 8 former presidents of the American Economic Association have signed a letter...
China is the world’s top trading nation
In 2013 China overtook the United States as the world’s top trading nation, reporting record trade figures in December. China is also expected to...