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...
European Central Bank monetary policy decisions, January 9th, 2014
The European Central Bank’s Governing Council decided on January 9th to keep its three interest rates unchanged – the interest rate on the main...
Tesco had disappointing Christmas sales
Tesco, Britain’s largest retailer and the third largest worldwide, had disappointing Christmas sales, reflecting a change in British consumer habits towards lower prices and...
Many paying more with Obamacare
Forty-seven percent of Americans with health insurance through their employers report more money being taken out of their wages each month to pay for...
November Eurozone unemployment stayed stubbornly high
November Eurozone unemployment remained unchanged at 12.1%, a record high since April 2013, with wide differences between the area’s core and peripheral countries, according...
US trade deficit four year low, November 2013
The US trade deficit hit a four year low of $34.3 billion in November, 2013, as exports rose to a record $194.9 billion and...