The World Bank on Tuesday lowered its projection for this year's global economic outlook, as developing countries are heading for "disappointing growth," while high-income countries are gaining momentum.
The ferry sinking disaster will have a transitory effect on South Korean economy, which is gaining momentum in the longer term, the global credit rating company Moody's said Monday.
The banks might have learned from last year's liquidity drought and relocated their lending resources more reasonably but the sharp decline in deposits will limit their lending.
Growth in China's manufacturing sector continued to accelerate in May, hitting a five-month high and adding to signs of a stabilizing economy, official data showed on Sunday.
The largest increase in adult obesity in the world occurred in Australasia in the past 30 years rising by more than 80 percent, according to a new study.
Taiwan's economy continued to grow in April, with an economic indicator of business activity signaling steady growth by flashing a green light for a third consecutive month, the island's statistic authority said on Tuesday.
The global economy is expected to strengthen over the next two years, despite a downgrade of growth prospects for some developing economies and economies in transition, showed a UN report released here Wednesday.
A main gauge measuring China's industrial sector activities continued to expand, albeit at a slightly milder pace, evidence that the broader economy is stabilizing despite challenges.
China's manufacturing growth continued to rise in April, fresh evidence of better performance in the manufacturing sector, official data showed on Thursday.
While people are eagerly betting on the future of a slowed economy in China, a senior official has said it may take a relatively long time for a string of policies announced recently to take effect as this Chinese "remedy" eyes more than buoying growth.
As China's growth moderated in the first quarter of 2014, the government has moved to tap the potential of investment from enterprises, instead of rolling out a massive stimulus plan.
Investors remained optimistic on the growth of the local economy, sending the Philippine stock market higher on Tuesday.
China's latest economic data showed a signal of slowing down, but its long-term prospect is expected to be stable with strong financial circumstance and better quality labor force, an expert said.
Chinese manufacturers attending the ongoing Canton Fair in south China's Guangzhou City are expecting steady trade growth this year despite poor economic data in the first quarter.
China's economy outpaced market estimates in the first quarter of 2014, but economists cautioned that downward pressure remains, and targeted measures are needed to ensure growth falls within a proper range.
The World Trade Organization (WTO) on Monday raised its forecast for global trade growth in 2014 to 4.7 percent, from its previous prediction of 4.5 percent.
Managing Director of the International Monetary Fund (IMF) Christine Lagarde said on Thursday that the global economy is turning the corner, but the recovery is still too weak and too slow with 200 million people unemployed.
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