Africa Sees Strong Economic Growth The World Bank says while the global economic recovery remains slow, sub-Saharan African countries continue to grow at a strong pace. The bank has released its latest economic forecast for the region. Four years aft...
BRUSSELS, March 14 (Xinhua) -- Top leaders of the European Union (EU) Thursday held broad talks on growth without making concrete decisions on the first day of the two-day spring summit in Brussels, against the backdrop of easing market pressure but...
Economics Report - Corruption in Asia Slows Economic Growth...
BEIJING, March 5 (Xinhua) -- The Chinese government announced Tuesday that its GDP growth target will remain around 7.5 percent this year to leave room for economic restructuring. The target is intended to help create jobs and improve people's well-b...
IMF to Revise US Growth Forecast, Sequester Blamed With across the board budget cuts all but guaranteed, some government agencies already have placed a freeze on hiring. At the Federal Aviation Administration, up to 40 thousand workers expect to see...
MOSCOW, Feb. 16 (Xinhua) -- Finance ministers and central bankers of the Group of 20 (G20) on Saturday pledged to strengthen financial stability and promote sustainable growth at the conclusion of a two-day meeting here. In a joint communique issued...
BEIJING, Jan. 18 (Xinhua) -- China's economic expansion slowed to 7.8 percent year on year in 2012 amid external jitters and domestic woes, data from the National Bureau of Statistics showed Friday. The growth rate, the weakest expansion in a decade,...
Burma Reforms Financial Controls Seeking Growth Nyi Nyi owns a papier mache workshop in Rangoon, where he and his family make toys. In the past, he invested his savings in gold and stashed it in a hiding place, but he's not doing that any more. I jus...
Global Financial Leaders Ponder Jobs, Growth and Politics Many Europeans have been angered by government efforts to slash pensions and salaries, while raising taxes in an effort to balance battered budgets. Public anger is one of many things limiting...
India's central bank kept interest rates unchanged Monday in a bid to curb inflation, despite pressure to cut rates to spur lagging economic growth. The Reserve Bank kept the rate at 8 percent, and the cash reserve rate for banks at 4.75 percent. The...
