Hungary economic 'fairy tale' comes true, or so it seems When Hungary's economy minister predicted a year ago an economic "fairy tale" for Hungary in 2013, few believed him. But recent data from the central European country show he might have been right.
12 June 2013 11:21
Global economy may be in 'softer patch': Lagarde The head of the International Monetary Fund, Christine Lagarde, warned Tuesday the global economy may be slowing more than thought just over a month ago.
World Bank ups Chinese growth projection for 2013The World Bank on Wednesday upwardly revised its projection for Chinese economic growth in 2013 from 8.1 percent to 8.4 percent, but predicted the rate would taper off in the longer run.
20 December 2012 14:13
China sees gloomy 2013 foreign trade environment China said Tuesday it faces a bleak foreign trade environment in 2013 due to ongoing global economic weakness, as the Asian export powerhouse appears set to miss this year's trade growth target.
18 December 2012 13:40
IMF: US 'fiscal cliff' would set back world economy The International Monetary Fund warned US leaders that hitting the looming "fiscal cliff" would not only crush the American economy but spin havoc through the rest of the world.
11 October 2012 11:15
IMF cuts global forecast, says risks rising The IMF slashed its global growth forecast and warned things could get much worse if the eurozone crisis is not quelled and Washington fails to reverse the looming "fiscal cliff" austerity plan.
10 October 2012 10:45
World Bank slashes East Asia-Pacific growth forecast The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 percent, down from 8.3 percent in 2011, due to the fragile global economy.
09 October 2012 14:07
French stats institute warns of period of no growth The French economy appears to be settling into a period of no growth according to the INSEE national statistics institute, which halved late Thursday its 2012 growth forecast to 0.2 percent.
05 October 2012 15:47
Hurricane Kirk strengthens in Atlantic Hurricane Kirk strengthened rapidly over the open Atlantic Ocean on Thursday, though it posed no hazard to land, US forecasters said.
