global economy

Main topics of G20 summit in Osaka revealed

The situation in the global economy and trade and environment-related issues will be key topics of the forthcoming summit of the Group of Twenty (G20) in Osaka from June 28 to 29, a source in the Japanese Ministry of Foreign Affairs said. …

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Is Russia protected from trade wars?

Russia is one of the economies that is best protected from negative consequences, including a trade war between the U.S. and China, Russia's Economic Development Minister Maxim Oreshkin said. "Russia is in many …

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Is Bitcoin making comeback?

Bitcoin prices shot up 15% yesterday and briefly rose above the $5,000 level for the first time since November 201. The price of Ethereum has also experienced a major surge. Ethereum's digital token ether rose by 10% to above $150, …

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U.S. Fed leaves interest rates on hold

The U.S. Federal Reserve opted not to raise interest rates during its policy meeting this week and pledged that future moves will be done patiently and with an eye toward how economic conditions unfold. The central bank voted …

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Ukraine's state debt grows by $2bln in 2018

Ukraine's total state debt increased by $2 billion last year to $3.56 billion, according to the website of the Ukrainian Ministry of Finance. In the national currency the state debt rose by 2.17% or UAH 46.15 billion, to UAH 2.169 …

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World Bank downgrades global economic growth forecast

The World Bank downgraded its global economic growth forecast to 2.9% from 3% in 2019 due to a decline in trade and investment. The World Bank’s January 2019 World Economic Outlook is titled 'Global Economic Prospects. Darkening …

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Global debt hits $184 trillion

Global debt hit a record $184 trillion in 2017, equivalent to more than $86,000 per person - more than double the average per-capita income. Overall, the amount of worldwide public and private debt is equal to about 225% of gross domestic …

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 Bitcoin price hits new 2018 low

Bitcoin has suffered a major price crash over the past week, plunging to its lowest point in a year - dropping from $5,560 to $5,170 within a period of 12 hours. After dropping to $5,750 on June 11, BTC has defended the $6,000 support …

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Medevedev: global situation worse than in 2008

Russian Prime Minister Dmitry Medvedev said that the global economic situation has become worse now than it was in 2008, when the financial crisis jolted the world. "Ten years ago we were much wiser and were ready …

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 Is America on brink of next economic crisis?

Moody’s Analytics’ chief economist Mark Zandi is sounding the alarm over a surge in corporate debt among a concentrated group of U.S. corporations. Zandi suggests that the debt burden mirrors the subprime …

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Will trade wars undermine global economy?

Escalating global trade war could cut world GDP growth to 2.8% from 3.2% (by 0.4%), according to Fitch Ratings 2018 “Global Economic Outlook” baseline forecast. According to the agency, the U.S., Canada and Mexico would be …

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G20 finance chiefs call for stepped-up trade dialogue

Global finance leaders called on Sunday for stepped-up dialogue to prevent trade and geopolitical tensions from hurting growth, but ended a two-day G20 meeting with little consensus on how to resolve multiple disputes over U.S. tariff …

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Billionaire population hits record levels

The global billionaire population and its immense wealth hit record levels in 2017, according to global wealth research firm Wealth-X, which reports there are 2,754 billionaires in the world. The U.S. dominated the list of top 10 …

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Bitcoin futures trading underway

The price of Bitcoin bounced back from a 4pc fall that followed the launch of a new set of futures in the cryptocurrency by the world’s largest exchange provider CME in Chicago. Its value on the Coinbase exchange fell from $19,375 …

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 IMF to upgrade its outlook for global growth

The head of the International Monetary Fund Christine Lagarde said that 'the long-awaited global recovery is taking root' and that three-quarters of the globe is enjoying an economic upswing in 'the …

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