The Central Economic Work Conference opened on Tuesday, during which Chinese leaders are expected to review the country's economic work in 2014 and map out plans for 2015 based on the economic "new normal."
A number of metrics indicate the U.S. economy is slowly but surely digging itself out of the dark abyss created by the worst recession in decades, but the jobless rate remains high, with millions still out of work and millions more underemployed.
The Italian economy is still struggling as the fourth quarter of the year draws to a close, Italy's National Statistics Institute said, virtually assuring it will contract for the year as a whole and casting doubt on the country's economic prospects in 2015.
Senior Russian officials urged the government Monday to promptly draft plans to downsize the nation's dependence on imports and high oil prices in order to avert possible recession.
News Analysis: Japan's PM likely to call snap election, delay 2nd tax hike, as economy slips into recession by Jon Day, Liu Tian
Russia's central bank abandoned its daily control on the value of ruble against foreign currencies on Monday, while holding on to necessary interventions in case of threats to national financial stability.
The "new normal" theory elaborated by Chinese President Xi Jinping would be one of the hallmarks to be engraved in history by the ongoing meetings of the Asia-Pacific Economic Cooperation (APEC) in Beijing.
Premier Li Keqiang vowed Monday to upgrade the Chinese economy through reforms and innovation.
The Federal Reserve decided Wednesday to end its six years of pump-priming, as it sees the economy is improving on track from the worst financial crisis in decades. It also pledged to keep low interest rates in the longer run to nurture the hard-earned recovery.
China's economy for the first three quarters of this year has remained within a "reasonable range", Chinese Premier Li Keqiang said on Tuesday.
The still weak U.S. job market could hurt Democrats just weeks before voters cast their ballots in November's midterm Congressional elections, as millions remain unemployed amid sluggish economic growth.
The U.S. economic activities kept growing in all regions of the country in recent weeks, indicating the recovery was on a solid pace, a survey by the Federal Reserve showed Wednesday.
Global economic outlook is gloomier than six months ago, and there are a couple of dangerous signs that the economy could stall once again, the World Bank's chief economist Kaushik Basu told Xinhua in an interview on Wednesday.
China will continue its prudent monetary policy, flexibly use monetary instruments and maintain "moderate" liquidity to achieve reasonable growth in loans and social financing, the central bank said on Sunday.
Japan's industrial production dropped a seasonally adjusted 1.5 percent in August from a month earlier, the Ministry of Economy, Trade and Industry (METI) said in a preliminary report Tuesday.
The balance of world power allegedly shifted on Monday, as Swedish newspaper Svenska Dagbladet claimed China had surpassed the United States as the world's largest economy.
A surprise strengthening in China's manufacturing sector following slumps in major economic indicators has pointed to the great potential in the Chinese economy.
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