The International Monetary Fund (IMF) on Tuesday lowered its forecast for global economic growth, saying the world economy has entered another transition with a set of challenges that call for new reform efforts.
The Spanish and Portuguese economies are currently in a key moment at the end of cycle towards their reactivation and thence sustained economic growth.
While some people complain of tourist overcrowding having turned China's seven-day Golden Week into a "golden mess," economists have interpreted the phenomenon in a more positive way.
China needs to quicken structural economic reforms as the growth rate in the country in 2013 and 2014 will fall below earlier projections, the Asian Development Bank (ADB) said in a report released here in Hong Kong on Wednesday.
Nobel Prize winners have pinpointed new growth engines for China, after its economy showed strong signs of strengthening during the past few months.
High-profile speeches by Chinese leaders have refuted claims of a derailing of growth in the world's second-largest economy, highlighting confidence among the new leadership in carrying on rebalancing efforts.
Emerging economies have reached a crossroads and need structural reforms to re-engineer growth and prepare for market turbulence as the U.S. Federal Reserve moves closer to winding down its stimulus policy, leading economists say.
Despite uncertainties brought about by the U.S. threat of a military strike against Syria and a large tapering of U.S. bond purchase program, analysts believed that stocks are still the preferred areas for investment by international fund managers.
China's August economic data indicated the world's second-largest economy has been stabilizing and that the government still has room for bolstering growth.
As latest data and confidence indicators point toward a modest recovery in the eurozone economy, Prof. Marcel Fratzscher, president of the German Institute for Economic Research, said that the recover would be gradual with interest rates remaining low for at least another two years.
The growth of the global economy remain sluggish, despite a stronger than expected recovery in major advanced economies, the Organization for Economic Cooperation and Development said on Tuesday.
Since the beginning of this year, the new leadership has introduced significant policies designed to broaden the benefits of growth, China has embarked on reforms to achieve an inclusive economic growth in a changing world.
China's statistics authority on Monday lowered the country's growth rate for 2012 to 7.7 percent based on its preliminary verification.
China's manufacturing sector saw a strong recovery in August, offering further signs that the world's second-largest economy is moving out of the shadows of a protracted slowdown.
The 2013 edition of the Top 500 Chinese Enterprises list was unveiled at a press conference on Saturday, with China's oil giant Sinopec Group topping the list for a ninth year.
With the slowest pace of growth in four years in the first quarter of this fiscal year, India is facing a deepening slowdown amid widespread pessimism brought by a falling rupee and slumping stock market, said local newspaper Economic Times on Saturday.
The Philippines' gross domestic product grew 7.5 percent on year in the second quarter, beating market forecasts and affirming the country's position as the fastest growing economy in the Southeast Asian region.
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