||Last Updated: Oct 9, 2015 - 12:32 AM
Feb 3, 2015 - 2:28 AM
Tokyo is ranked the safest world city in a new index from the Economist Intelligence Unit, just ahead of Singapore and Osaka. In Europe, Stockholm, Amsterdam and Zurich are in the top 10 along with Sydney, Toronto, Melbourne and New York. Rome and Milan are the only developed world cites to feature in the bottom ranks.
Feb 2, 2015 - 8:54 AM
China overtook the US in 2014 as the top destination for foreign direct investment (FDI), for the first time since 2003. Meanwhile Ireland slipped but the data is distorted by tax avoidance.
Jan 21, 2015 - 2:11 PM
Global fund managers recovered some of their risk appetite in January and invested more of their cash despite the continuing oil price weakness and concerns over corporate earnings and global growth, according to the BofA Merrill Lynch Fund Manager Survey for January. The investors turned to US equities, bonds and real estate. The proportion of respondents overweight cash has tumbled to a net 17% from a net 28% last month. Average cash positions have fallen to 4.5% of portfolios, the lowest in six months, down from 5.0% in December.
Jan 21, 2015 - 1:55 AM
The World Economic Forum is an appropriate forum for civil society leaders to discuss poverty, inequality and climate change, but its value is limited. That’s the view of social rights campaigner Lesley-Anne Knight.
Jan 20, 2015 - 7:07 AM
Even with the sharp oil price decline—a net positive for global growth—the world economic outlook is still subdued, weighed down by underlying weakness elsewhere, says the IMF’s latest WEO Update.
Jan 16, 2015 - 7:29 AM
The Swiss National Bank took everyone by surprise on Thursday by announcing it was scrapping the euro cap on the franc, otherwise known as the exchange rate ceiling or “the floor”. If you have only a vague idea what this means, read on.
Jan 16, 2015 - 7:25 AM
"Global growth is still too low, too brittle, and too lopsided," according to a speech in Washington DC Thursday from Christine Lagarde, IMF managing director.
Jan 16, 2015 - 1:00 AM
Over the past 50 years, global economic growth was exceptionally rapid. The world economy expanded sixfold. Average per capita income almost tripled. Hundreds of millions of people were lifted out of poverty. Yet unless we can dramatically improve productivity, the next half century will look very different. The rapid expansion of the past five decades will be seen as an aberration of history, and the world economy will slide back toward its relatively sluggish long-term growth rate (chart above).
Jan 14, 2015 - 11:05 AM
Real GDP in the OECD area increased by 0.6% in the third quarter of 2014 compared with growth of 0.4% in the second quarter. Private consumption was the main driver of overall GDP growth contributing 0.4 percentage point. The contribution from government consumption, investment and net exports added 0.1 percentage point each. Destocking (minus 0.2 percentage point) partially offset these contributions.
Jan 14, 2015 - 5:43 AM
In the last few months Switzerland has made progress in making its financial centre internationally compliant. Key areas are the automatic exchange of information, enhanced administrative assistance with other countries, and the reduction of foreign untaxed assets. But there remains work to be done in 2015.
Jan 14, 2015 - 2:30 AM
The World Bank in its twice-yearly report on the global economy published Wednesday, cut its forecast for global growth, warning that the fragile economic recovery faces major risks and remained overly reliant on the “single engine” of the US recovery.
Jan 8, 2015 - 11:30 AM
The UN's Food and Agricultural Organisation (FAO) reported Thursday that for the whole of 2014, the Global Food Price Index averaged down 3.7% from 2013, marking the third straight annual decline. However, the sub-index for meat rose to a record high.
Jan 7, 2015 - 1:26 AM
Commodities Supercycle: The IMF said in 2011 that the world grew accustomed to relatively low international food prices in the 1980s and the 1990s, when prices adjusted for inflation were below those recorded during the Great Depression.
Jan 6, 2015 - 6:42 AM
Commodities Supercycle: In the past decade, the rise in commodity prices have undone the decline of the previous century, rising to levels not seen since the early 1900s. Despite current declines, research by McKinsey Global Institute shows that demand for energy, food, metals, and water should rise inexorably as 3bn new middle-class consumers emerge in the next two decades. The global car fleet, for example, is expected almost to double, to 1.7bn, by 2030.
Jan 5, 2015 - 7:02 AM
The growth rate of the global manufacturing sector continued to moderate at the end of 2014, with production and new orders both rising at the slowest pace in almost one-and-a-half years.
Jan 2, 2015 - 4:39 AM
On Wednesday the year ended with welcome news for global oil consumers as The Wall Street Journal reported that oil futures closed at more-than five-year lows, with plentiful supplies and tepid demand continuing to send prices plunging. Brent crude oil and gasoline futures both posted 48% losses in 2014, making them the worst performers among the 22 commodity markets tracked by the Bloomberg Commodity Index while US oil futures dropped 46% in the year. The Economist Intelligence Unit (EIU) expects a small boost to global GDP growth in 2015 from lower energy prices with an increase expected to be just 0.1 of a percentage point, hindered by serious weakness in key economies, particularly the Eurozone and Japan.
Jan 1, 2015 - 8:57 AM
Argentina tops the 2014 share price index performers in 2014 followed by China while Denmark's stock market was the best performer among 24 developed country markets.
Dec 22, 2014 - 1:44 PM
Economic miserablism and miserableness have yet to give way to sustained optimism in the United States, Germany and the United Kingdom, the three most significant developed economies that in recent times have achieved some economic growth - this month's German business and consumer surveys have been positive but consumers expect their incomes to decline even though employment has hit a record and real incomes are rising because of falling inflation.
Dec 17, 2014 - 9:14 AM
The Russian rouble strengthened on Wednesday in volatile trade after the finance ministry said it had started selling foreign currency.
Dec 15, 2014 - 1:36 AM
The Swiss Parliament has bowed to international pressure, tightening the country’s money-laundering rules. There will be a CHF100,000 ($104,000) cap on cash transactions, and not just foreign dictators, but also senior politicians and officials like Sepp Blatter, will be watched more closely.
Dec 11, 2014 - 6:57 AM
Cultivation of opium poppy crops in the regions straddling the borders of Myanmar (Burma), Thailand and Laos, known as the 'Golden Triangle' rose again for the eighth consecutive year, nearly tripling the amount harvested in 2006, according to a new report released this week by the United Nations Office on Drugs and Crime (UNODC).
Dec 9, 2014 - 8:41 AM
Norway, Europe's leading oil producer, on Monday cut its economic forecast for next year as a slump in oil prices has continued this week.
Dec 2, 2014 - 1:32 AM
Global manufacturing production expanded at the slowest pace for 14 months in November, as growth of new orders hit a 16-month low and the trend in international trade volumes stagnated. The forward-looking orders-to-inventory ratio also edged down to its weakest level since the end of 2012.
Nov 25, 2014 - 2:33 PM
The Organisation for Economic Co-operation and Development (OECD) said today that the Eurozone risks prolonged stagnation if the policy response is too weak and confidence remains low.
Nov 24, 2014 - 6:09 AM
The world economy risks getting stuck with a mediocre level of growth—low growth for a long time, Christine Lagarde, IMF managing director, said in early October. “If people expect growth potential to be lower tomorrow, they will cut back on investment and consumption today. This dynamic could seriously impede the recovery, especially in advanced economies that are also grappling with high unemployment and low inflation.” Not much has changed in the interval and whether it's called secular stagnation or a new normal, in less than a decade, the over-65s will outnumber the under-5s—for the first time ever, which is just one of the challenges ahead.
Nov 19, 2014 - 2:56 PM
World trade is growing slower than the global economy for first time in 40 years according to research by IMF and World Bank economists.
Nov 19, 2014 - 12:34 AM
Global investors have a restored appetite for risk amid greater optimism over the outlook for profits and the economy, according to the BofA Merrill Lynch Fund Manager Survey for November.
Nov 17, 2014 - 2:51 AM
Leaders of the G20 (group of twenty), which comprises the 19 leading developed and emerging economies of the world, confirmed in a communiqué [pdf] at the end of a summit in Brisbane, Australia at the weekend, that they support unmasking the beneficial owners of shell companies and automatically exchanging tax information with each other at the end of 2018 at the latest.
Nov 14, 2014 - 3:04 PM
The International Energy Agency (IEA), the watchdog for 28 industrialised countries including Ireland, said today that the current oil price weakness is set to persist.
Nov 13, 2014 - 7:53 AM
The Nordic countries - Denmark (1), Sweden (3), Finland (4) and Norway (5) are leaders in English proficiency with the Netherlands in second place and Poland in sixth place in the latest international rankings while Switzerland (18) is behind German speaking Austria (7) and Germany (10) and France (29 behind Indonesia, is also a laggard.
Oct 29, 2014 - 3:06 PM
Doing Business 2015: The latest edition of the World Bank's index of the ease of doing business in 189 economies, has Singapore and New Zealand in the top rankings and Ireland moves up to 2 ranks to 13th rank - Ireland had a 10th rank in the 2007 edition.
Oct 21, 2014 - 6:01 AM
Lump sum taxation, the tailor-made measure tax regime designed to attract wealthy foreigners to Switzerland, is facing a crucial test as voters head to the polls on November 30 to decide whether or not to abolish the system for good.
Oct 15, 2014 - 8:39 AM
Oil prices posted their biggest one-day drop in nearly two years Tuesday as the International Energy Agency (IEA), the energy watchdog of the industrialised countries, again lowered its global demand forecast to the lowest level in 5 years.
Oct 13, 2014 - 9:23 AM
While global growth in 2015 will be at the 25-year average of 3.8% to 2007, David Lipton, first deputy managing director, at the International Monetary Fund (IMF), said at the weekend. However while global growth will continue to be positive, the emerging markets and the Eurozone are facing a period of subdued growth.
Oct 9, 2014 - 8:15 AM
Following the release of minutes of the last policy meeting of the Federal Reserve, US stocks Wednesday posted their biggest one-day gain in 2014. Earlier Wednesday, the Brent crude oil benchmark that is used for pricing of two-thirds of world crude trade, dipped to a 27-month low following the IMF's cut in its forecast for world growth on Tuesday.
Oct 8, 2014 - 3:20 PM
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to a mixed outlook across major economies, characterised by weakening growth in the Eurozone and stable growth in most other major economies.
Oct 7, 2014 - 4:04 PM
A weak and uneven global economic recovery continues, but reflecting different evolutions across various countries and regions, says the IMF's latest World Economic Outlook (WEO) published in Washington DC Tuesday. The Fund forecasts GDP growth in Ireland at 3.62% in 2014; 3.04% in 2015 and 2.54% in 2016 - - the Department of Finance's forecasts growth this year of 4.7%.
Oct 7, 2014 - 12:16 PM
US, UK, and Canada are the most popular destinations for expatriate workers according to a worldwide survey of more than 200,000 job seekers conducted in 189 countries by the Boston Consulting Group and the Network, a global alliance of more than 50 leading recruitment websites. Research also reveals a growing attention to nonfinancial rewards among workers in many parts of the world.
Oct 6, 2014 - 3:00 AM
The global economic recovery is stalling and too reliant on the US economy, according to the latest Brookings Institution-Financial Times tracking index published days before the annual meetings of the International Monetary Fund and World Bank.
Oct 6, 2014 - 2:54 AM
Stéphanie Gibaud, who helped bring to light what was happening at Swiss bank UBS, suspected in France of illegal solicitation and of helping wealthy French individuals dodge tax, tells swissinfo.ch about her experiences.