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.
The risks for global economic growth still loom large as massive public debts, insufficient institutional reforms and the U.S. Fed's hint at a stimulus exit are haunting the world and implying an anemic recovery, economic analysts warn.
The international community should adopt decisive and consistent measures to address the fragile economic recovery, top political and business leaders agreed at an economic forum here.
China's central bank said on Sunday that the country will continue to implement the prudent monetary policy while fine-tuning it at proper time.
Abe picked up on one of the key economic philosophies of former British prime minister Margaret Thatcher at a speech in the heart of London's financial district Wednesday night.
The IMF on Friday lowered its forecast of U.S. economic growth to 2. 7 percent next year, 0.3 percentage point lower than its April prediction against the backdrop of the government spending cuts.
Prime Minister Shinzo Abe's Cabinet on Friday endorsed its growth strategy, the last of the three arrows of Abe's economic policies, dubbed "Abenomics," aiming to end Japan's nearly two decades of deflation.
Japanese Prime Minister Shinzo Abe's Cabinet on Friday endorsed its growth strategy, the last of the three arrows of Abe's economic policies, dubbed "Abenomics," aiming to end the country's nearly two decades of deflation.
Trade officials from China and South Asian countries at the just-concluded 1st China-South Asia Expo proposed to strengthen cooperation and maintain economic growth amid the lackluster economic rebound.
Chinese President Xi Jinping and his U.S. counterpart Barack Obama held the second meeting here on Saturday to exchange views on economic ties.
Premier Li Keqiang on Wednesday called on multinational companies to seize opportunities arising from China's economic restructuring and expand cooperation.
French President Francois Hollande said Thursday he and German Chancellor Angela Merkel have decided to push for a full-time chief to oversee the eurozone's economic policy.
South Korea's economic effectiveness remained low compared with those in advanced economies, indicating that the economy depended on quantitative expansion in labor and capital for its growth, the local think tank said Wednesday.
U.S. and China can cooperate more to resolve a range of challenges to advance global economic recovery, said Tung Chee Hwa, vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's political advisory body, on Wednesday.
Russia needs a system to monitor and control the flow of migrant workers to secure social stability, Prime Minister Dmitry Me
Pittsburgh can serve as a model for the economic transformation in the United States, and there are three keys to its success.
The Asian Development Bank and International Monetary Fund Saturday encouraged Myanmar to carry on its economic reforms aimed at achieving the goal of reducing poverty and development.
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