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British economy facing Brexit-induced struggle

London - Britain's economy will face sluggish growth in the coming years on the back of Brexit fallout, finance minister Philip Hammond revealed Tuesday in a key budget update.Gross domestic product (GDP) is projected to grow 1.

Between poverty and slow growth, Russia's economic future uncertain

Sanktpeterburg - Outside a metro station in Saint-Petersburg, 70-year-old Irina Semyonova is selling homemade tomato-and-aubergine preserves as a way to supplement her pension which she says is just not enough to live on.

Brazil's econonomy grew in 2017 after two years of contraction

Bras - Brazil's economy grew by a percentage point in 2017 after two years of contraction, government figures showed Thursday, confirming the South American giant's recovery from one of the worst recessions in its history.

Praise, positive data pile up for French economy

Paris - The good news keeps coming for the French economy: data published Thursday showed unemployment at its lowest level since 2009 while the head of the IMF praised recent reforms by President Emmanuel Macron.

Cyprus economy records highest growth in 10 years

Nicosia - Bailed-out eurozone member Cyprus recorded its best growth in a decade last year, official data showed Wednesday, on the back of record tourist arrivals and a resurgence in construction.

Potholes appear in Romania's stellar economic growth path

Bucharest - Coming top of the class doesn't always mean escaping a telling off: Romania may have posted Europe's strongest growth figures on Wednesday, but analysts are worried the star pupil is heading for a fall.

IMF raises global growth forecasts, US tax cuts provide boost

Washington - Global economies are recovering simultaneously and at a stronger pace, and will get at least a short-term boost from the US tax cuts, the International Monetary Fund said Monday.

Brexit trade deal can help UK growth: IMF's Lagarde

London - Britain's tepid growth can improve along with other advanced economies should a positive trade deal over Brexit be agreed with the European Union, IMF chief Christine Lagarde said Wednesday.

Rapid growth forecast for insurtech in 2018

London - If there’s a technology sector to get into then this appears to be insurtech. Insurtech jobs are increasing 22 times faster than the rest of the U.K. market, as an example of rapid developments in the sector.

China says its 'open' internet accounts for a third of economy

Shanghai - China's digital economy accounts for nearly a third of gross domestic product, according to a report released at an annual cyberspace conference staged by the government to justify its strict internet censorship.

A year after cash ban, India's black money market is thriving

New Delhi - When India declared most bank notes unuseable a year ago in an effort to flush out tax cheats, one steel manufacturer was so spooked he resolved to do business by the book in future.

Mexican economy shrinks in quarter of quakes

Mexico - Mexico's economy shrank for the first time in more than four years in the third quarter, hit by two powerful earthquakes in September, according to data released Tuesday.If confirmed, the preliminary estimate of a 0.

British economy shrugs off Brexit doubts, for now

London - Britain's economy gently picked up speed in the third quarter, official data showed on Wednesday, strengthening expectations of an interest rate hike next month, despite uncertainty over Brexit. Gross domestic product grew by 0.

China's economic growth slows in Q3 but on course to beat target

Bejing - China's economy slowed marginally in the third quarter but is well on course to beat the government's annual target, cementing Xi Jinping's standing as he prepares to be handed a second term in power at a key Communist Party conclave.

IMF raises China growth forecast for 2017 to 6.8 pct

Bejing - The International Monetary Fund raised its growth forecast for China on Tuesday but again warned of risks stemming from the build-up of debt in the world's second largest economy.

Philippine economy surges, defies concerns

Manila - The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday, defying concerns over President Rodrigo Duterte's unconventional leadership.

India says economy could slow down

New Delhi - India's economy is at risk of slowing down in the current fiscal year, the government said in a mid-year economic survey Friday.In February, the government had forecast GDP growth of between 6.75 percent and 7.5 percent for 2017/18.

IMF says global recovery on firmer footing

Washington - The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday.

Strong export demand to lift Asian economies: ADB

Manila - Surging global demand for Asian exports and low oil prices will help China and the region's developing economies grow faster than expected this year and next, the Asian Development Bank said Thursday.The region should now grow by 5.

IMF hails 'ambitious' French reforms under Macron

Paris - The IMF on Monday hailed French President Emmanuel Macron's "ambitious" reform programme, saying his spending, labour and tax overhauls could go "a long way" towards tackling high unemployment and weak growth.

China's economy slows in second quarter: AFP survey

Bejing - China's economy lost momentum in the second quarter, a survey shows, as Beijing's efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world's second-largest economy expanded by 6.

G20 'consensus' that protectionism damaging for global economy

Washington - The Group of 20 major economies sent a message Friday on the threat that rising protectionism poses to the global economy, but the United States cast doubt over its adherence to that stance.

Consensus in G20 that protectionism 'damaging' for global economy

Washington - The Group of 20 major economies have reached a "broad consensus" that a continued rise in protectionism would be damaging to the global economy, German Finance Minister Wolfgang Schaeuble said Friday.

IMF warns of growing risks to improving global recovery

Washington - The global economic recovery is picking up steam, but the rise of protectionist rhetoric and the threat of trade wars could erode those gains, the International Monetary Fund warned Tuesday.

IMF raises China growth forecast to 6.6% this year, 6.2% in 2018

Bejing - The International Monetary Fund Tuesday raised its economic growth forecast for China for this year and next but warned of serious longer-term problems unless it reduces its reliance on credit.The IMF's forecast for 2017 was 6.

Ukraine's economy grows nearly 5%

Kiev - Ukraine said Tuesday its economy expanded at a surprisingly fast pace of nearly five percent in the fourth quarter as it continued its steady climb out of a two-year recession.

Eurozone growth and inflation surge, adding to pressure on ECB

Brussels - Growth in the eurozone accelerated, inflation rose towards the ECB's key target and unemployment fell to a seven-year low as the bloc's economy shrugged off uncertainty over Brexit and US President Donald Trump.

British economy holds up as Brexit negotiations loom

London - Britain's economy grew solidly in the final months of last year, official data showed Thursday, even as the country prepares to navigate a difficult departure from the European Union.Gross domestic product expanded 0.

Powerful growth sets scene for German election debate

Berlin - Europe's biggest economy Germany booked solid growth in 2016, official data showed Thursday, with a sizeable surplus in its public finances set to fuel fierce political debate in an election year.Growth of 1.

Haiti's political uncertainty stunts economic growth

Port-au-prince - Haiti's economy expanded by only 1.4 percent this year, according to official figures released Wednesday, as the impoverished country's electoral crisis is discouraging investment, with prospects for 2017 even more dismal.
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In 2009  the Slovenian economy fell into recession and never quite recovered.
In 2009, the Slovenian economy fell into recession and never quite recovered.
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