High inflation will plague the global economy next year, according to three-quarters of over 200 economists polled by Reuters, with the major danger being that it is bigger than expected, implying that interest rates will remain higher for longer.   Several central banks are still projected...

China's real estate business is slowly imploding.   Major developers such as Evergrande and Country Garden are still mired in debt. 'Ghost cities' dot the Chinese countryside. And now, the International Monetary Fund has lowered its global growth predictions for 2024, citing China's real...

Despite grave predictions of impending recession, the U.S. economy expanded by nearly 5% in the third quarter. This was fueled by rising salaries as a result of a tight labour market and rapid corporate restocking in response to robust demand.   The strongest growth rate in over two years...

The European Central Bank maintained key interest rates at their current level. The marginal lending rate was 4.75 percent, the deposit rate was 4%, and the base rate was still 4.5 percent. "The ECB Governing Council is committed to seeing inflation reach its 2% objective again," the regulator...

September saw the lowest growth in consumer loans in the eurozone since June 2015. The European Central Bank reports that the amount of consumer loans provided last month rose by 0.8% on an annual basis. August saw a 1% increase, although traders surveyed by Trading Economics generally anticipated...

According to IMF predictions, in 2023 Germany is expected to overtake Japan as the world's third largest economy. Germany will surpass Japan in 2023 to become the third-largest economy globally after the US and China, according to Bloomberg, which examined the most recent IMF projections. By...

At a landmark meeting in Saudi Arabia intended to facilitate deals, Wall Street's leading bankers expressed a dismal outlook for the world economy while a bloody conflict between Hamas and Israel that has claimed thousands of lives continues.   Drawn by the potential of agreements as the...

According to a survey, business activity in the euro zone unexpectedly declined this month as demand declined throughout the region. This put the bloc's fourth quarter on the wrong foot and raised the possibility that it will enter a recession.   The European Central Bank, which meets on...

In September, China's commercial banks sold a net amount of foreign exchange of 96.4 billion yuan, or $13.43 billion. This is stated in the report of the State Administration of Foreign Exchange Control (SAFE) of the country. The figure presents a 30% increase above the August volume. According...