The International Monetary Fund on Monday cut its global growth projections for 2016 and 2017, warning that the world economy faces rising risks despite a plunge in oil prices that has boosted both developed and developing nations.
Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way.
John Goodman writes: When is the last time you were in Denmark? Or Norway? Or Sweden? If you have had the pleasure of visiting these lovely places you may have noticed something really odd. Nobody there talks the way Bernie Sanders talks.
The Obama administration is finding itself on the defensive amid rising charges that the U.S. and its allies lowballed the estimate of the billions of dollars Iran will reap from the deal that curbed Tehran’s nuclear programs in exchange for the lifting of punishing economic sanctions.
Chinese President Xi Jinping arrived in Saudi Arabia Tuesday for the first stop on a closely watched tour that will include visits to Egypt and Iran, as Beijing pushes to widen its access to Middle East oil and potentially supplant Washington as the most influential foreign power operating in the tumultuous region.
Just weeks before lawmakers will consider her fate, Brazilian President Dilma Rousseff is desperately trying to demonstrate that she is still in charge of South America’s most populous nation.
China’s economy cooled further in the latest quarter, dragging 2015’s full-year growth to a quarter-century low and deepening a slowdown that has fueled anxiety over its impact on the global economy.
Rachel Cunliffe says: Are there cracks in the total state? North Korea usually only makes the news due to renewed military aggression, or when a defector publishes an account of their escape. Rarely is there any positive news coming out of the most isolated economy in the world. But today, the Washington Post reports on a hopeful new development in the Hermit Kingdom: the establishment…
IBD Staff write: Elections: Venezuela’s voters delivered a sledgehammer blow to the country’s ruling Chavista socialists Sunday, winning a likely supermajority in the National Assembly. It’s a great awakening from a 17-year nightmare. Given the past two decades of near-victories, electoral fraud, chicanery and fractious political opposition mistakes, many Venezuelans are still in disbelief at the scale of the victory in the nation’s legislative elections, which…
James G. Rickards says: Membership in the exclusive SDR currency club has changed only once in the past thirty years. That change took place in 1999, and was purely technical due to the fact that the German mark and French franc were being replaced by the euro.