World economy

The European Bank for Reconstruction and Development (EBRD) has said it is providing $55 million in new funds to Turkish lender İş Bank to finance private companies investing in renewable energy and resource efficiency projects in Turkey, in a written statement on Oct. 25. 

The world is swimming in a record $152 trillion in debt, the International Monetary Fund said on Oct. 5, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it. 

The International Monetary Fund on Oct. 4 said protectionist political trends risked "turning back the clock" on free trade, warning of a low-growth future for the global economy.
In its new World Economic Outlook report, the global crisis lender also sounded an alarm over what it called a "dangerous" credit binge in China.

China's banking sector could be facing an imminent debt crisis, a global central bank watchdog has warned, fuelling fresh fears about a blowout in the world's number two economy that could hit the global economy.

The Bank for International Settlements (BIS), dubbed the central bank of central banks, said a gauge of Chinese debt had hit a record high in the first quarter of the year.

The government is expected to submit in parliament on Wednesday a new amendment on the controversial article included in the omnibus and provided that politicians would be able to own offshore companies in tax havens countries, as Proto Thema newspaper revealed.

All opposition parties have expressed their frustration over the new amendment made by SYRIZA-ANEL government regarding the article 178 of the omnibus bill passed in Greek parliament a few days ago.

The strongest impediment to growth of the economies of Central, Eastern, and Southeastern Europe (CESEE) this year and next would be stagnation in the euro zone, which is the largest trading partner for many of them, the International Monetary Fund (IMF) has said.

The prospect of a deal being reached between Greece and its creditors at the May 9 Eurogroup meeting is slim, two sources close to the negotiations told Reuters news agency. According to the same sources, talks to close the review on the Greek program, which would ‘unlock’ funds for Greece and the prospect of a debt relief, are moving at a very slow pace.

United Nations Development Programme (UNDP), the global development network of the world body, has predicted in its latest ‘Asia-Pacific Human Development Report’ that India may see severe shortage of jobs in the next 35 years. In the report, the UNDP said that developing countries, like India, should concentrate on specific industries, such as manufacturing, in

Even after witnessing a double-digit growth for nearly three decades, the Chinese economy has started showing signs of slowness. Although India has replaced the Asian giant as the fastest growing major economy of the world, the South Asian nation, like other countries across the globe, is worried about its northern neighbour's slow growth rate.