U.S. crude prices recovered Friday as U.S. economic growth for the second quarter was upwardly revised.
Managing Director of the International Monetary Fund (IMF) Christine Lagarde on Saturday commended Group of 20 (G20) countries's significant progress in developing growth strategies to lift medium-term growth.
G20 finance ministers and central bank governors said on Sunday that growth in the global economy remains below the pace required to adequately generate much needed jobs, but planned action through infrastructure investment and other measures will help boost the global economy.
Two leading Austrian research institutes have stated in their latest economic forecasts Thursday they expect Austrian GDP growth for the year to only amount to 0.8 percent on the back of a deterioration in the economy.
China will stick to prudent monetary policies while resorting to targeted adjustments to support faltering growth, Chen Yulu, a member of the central bank monetary policy committee said.
Much fuss has been made about the latest disappointing economic indicators, just as when weak data in the first quarter pointed to growth below China's annual target.
Australia's economy is expected to continue its weak trend for the rest of this year and into 2015, dragged down by falling commodity prices, an new economic report revealed on Wednesday.
Brazil will experience "a modest rebound" of only 0.3 percent this year, the Organization for Economic Cooperation and Development (OECD) predicted on Monday.
South Korea's central bank on Friday showed its neutral stance toward further rate cut, citing both positive and negative factors facing the economy.
In the past, when China's economic growth slipped to a level that threatened the job market, the government would loosen credit and embark on a construction binge.
Chinese Premier Li Keqiang on Wednesday said the government was not distracted by short-term fluctuations and assured the world of more quality-focused growth achieved through deepening reform and encouraging innovation.
Italian Prime Minister Matteo Renzi turned heads this week when he predicted the country's economy would not grow at all this year.
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The final seasonally-adjusted eurozone manufacturing purchasing managers' index (PMI), a gauge of the industry activities, slipped to 50.7 in August from 51.8 in July, the lowest reading since last July, according to a Markit survey published Monday.
Britain's Purchasing Managers' Index (PMI) for the manufacturing sector showed an unexpected slowdown in growth in August, yet the figures remain above the life-time average figure for the survey.
China's economy is facing multiple domestic and international challenges despite its steady performance in the past seven months, said a senior economic official in Beijing on Wednesday.
OP-Pohjola, the largest financial services group in Finland, lowered its forecast for Finland's economic growth in 2015 from 2.0 percent to 0.6 percent.
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