While China's recent economic data cheered up the country's entity markets, many economists remain cautious about whether the economy's rebound will be carried through the rest of the year.
While an argument for tax reform is beginning to take shape in Washington, political analysts and prognosticators said any significant tax overhaul is a long way off.
While China's recent economic data cheered up the country's entity markets, many economists remain cautious about whether the economy's rebound will be carried through the rest of the year.
China's economy will maintain steady growth in the second half of this year amid "extremely complicated domestic and international conditions," according to the Political Bureau of the Communist Party of China Central Committee.
South Korean economy grew at the fastest pace in more than two years in the second quarter of this year as a turnaround in private consumption relieved the weak facility investment, central bank data showed Thursday.
China's central bank announced a key move Friday to liberalize bank lending rates, underlining the government's resolve to push market reform to revitalize the slowing economy.
The Chinese economy slowed for a second straight quarter this year, but the weakness may prod new leaders to roll out more reforms to prop up an economy beset by overcapacity and financial uncertainties.
The Chinese economy slowed for a second straight quarter this year, but the weakness may prod new leaders to roll out more reforms to prop up an economy beset by overcapacity and financial uncertainties.
The global economy will continue to grow at below-trend rate this year, weighed by modest recovery in mature markets and gradual slowdown in major emerging markets, said an economist Wednesday.
Despite domestic fiscal headwinds and moderate economic growth in the first half of the year, the U.S. economy has proved surprisingly resilient, paving the way for the Federal Reserve to start tightening its monetary stance later this year.
Lost in its search for a balance between economic growth and fiscal austerity, the European economy has been mired in recession. Due to the "austerity trap," the predicament is very likely to remain at least through the rest of the year.
South Korea's finance ministry on Thursday upgraded its 2013 growth outlook for the country to 2.7 percent from an earlier estimate of 2.3 percent, citing fiscal stimulus package and modest recovery of the global economy.
The Spanish economy may be over the worst of the economic crisis, but there is still a long way to go before the country is on the way to recovery. The government needs to take care not to stifle any recovery by imposing too many taxes.
The World Bank announced Wednesday a new initiative to improve the investment environment and competitiveness, and to share prosperity among Latin American and Caribbean countries.
The International Monetary Fund (IMF) said Wednesday that the Chinese economy is expected to grow by around 7.75 percent this year despite weak and uncertain global conditions.
The Portuguese government announced on Thursday tax reduction measures to create more jobs and revive the country's flagging economy.
Russian President Vladimir Putin Wednesday urged the active use of innovative technology in the field of raw materials to create a new engine of innovation economy in the country.
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