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The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. The lending organization predicted Thursday that global growth
The volume of goods sold in the UK's shops, stores and supermarkets continues to grow, according to the Office for National Statistics (ONS). Retail sales in June rose by 0.1% from May, leaving them 3.6% higher than a year ago. The sales increase in
The International Monetary Fund on Wednesday revised its growth outlook for the U.S. economy for the second time in two months after a first-quarter contraction turned out to be worse than the fund originally forecast. The IMF cut its growth
Xin Zhiming senior writer at China Daily Overall, first-half data were better than expected. The recovery has been supported by investment in infrastructure construction and boosted by targeted stimulus and pro-growth monetary policies since May.
Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics. Fifty-seven
The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast. UK GDP will hit 3.1% this year, spurred by strong capital investment
A week on from its World Cup soccer victory, Germany may return to center stage, though this time not with fan celebrations but concerns over the health of Europe's economic motor. Investors saw dark clouds building on Friday after a Malaysian
U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year. Construction fell 9.3 percent last month to a seasonally adjusted annual rate of
July 16 (BusinessDesk) New Zealand inflation held steady in the second quarter compared to the first-quarter pace as gains in prices of electricity, home rentals and new houses were partly offset by cheaper package holidays, vehicles and liquor...The
June, raising expectations that the Bank of England may start raising interest rates soon, possibly by the end of this year. Figures Tuesday from the Office for National Statistics show consumer prices rose by an annual rate of 1.9 percent in June.