CNBC Explains Global Economy

Global Economy

  • People walk past a poster that reads "Yesterday, Braden or Peron - Today: Griesa or Cristina," in Buenos Aires, Argentina, July 29, 2014.

    Barring a last-minute change, Argentina is almost certainly headed for a technical default of its bond-payment obligations at 12:01 Thursday morning.

  • U.S. Customs and Border Protection personnel walk along a section of the recently constructed fence at the U.S.-Mexico border.
    By: Kate Drew, special to

    If Donald Trump did build an immigration wall, it would cost billions. Would it be worth the money?

    By: Mark Koba

    So what countries make up the BRICS ? How did they come about? What impact do they have? CNBC explains.

  • People are seen in front of a Eurobank branch in Athens, Greece, March 19, 2015.

    The ongoing currency crisis in Greece has thrust the talk of "capital controls" back into the global financial conversation.

  • A teller counts yuan banknotes in a bank in Lianyungang, China, on Aug. 11, 2015.
    By: Tim Mullaney, special to

    The 2 percent drop in the yuan's value has broad implications for the commodities market and global trade. Here are the spillover effects.

  • euro_drowning_200.jpg
    By: Mark Koba

    To help solve Europe's sovereign debt crisis, a special organization was set up in 2010 called the European Financial Stability Facility, or EFSF. So what is it and how does it work? CNBC explains.

  • People in front of the Greek Parliament hold a demonstration on June 28, 2015, calling for a 'NO' referendum and for Greece's exit from the euro zone.
    By: Tim Mullaney, special to

    With Greece set to default tomorrow, here is an FAQ on top issues—from how to abandon the euro to what a Grexit means to the global markets.

  • Greece European Union EU

    By accepting emergency liquidity funds from the ECB, Greece may have already forfeited its leverage against its creditors.

  • By: Mark Koba

    The gross domestic product or GDP, is arguably the key indicator to the health of an economy. But what statistics are used to determine GDP? CNBC explains.

  • Kim Kardashian
    By: Jeff Cox

    The economy is a lot bigger than we think, but no thanks to Kim Kardashian and reality TV. Experts have gone back to 1929 to recalculate the size of gross domestic product,

  • The International Monetary Fund (IMF) headquarters building is seen in Washington, DC.

    The IMF, or International Monetary Fund, is an intergovernmental agency that works to keep exchange rates and the international system of payments stable.

  • The renminbi's elevation to the IMF's SDR basket means the pound sterling and euro will be losing ground.

  • european_union_200.jpg
    By: Mark Koba

    PIIGS is a not too favorable term used by bond analysts, academics, and the press, to refer to certain countries of Europe. CNBC explains.

  • global_markets_9_200.jpg
    By: Mark Koba

    There are all kinds of debt—as small as personal debt or as large as national debt. There's another type of debt as important as the rest—called Sovereign Debt. CNBC Explains.

  • Workers aboard the Maersk Alabama

    So what is an American ship? The simple answer is a ship flying the U.S. flag. But it can get a little more complicated given economics and law.

Currencies Explained

Economy Explained

  • cash_register2_200.jpg

    Americans often check their receipts to make sure they've bought everything they need, and probably to see if what they paid this time is any different from the last trip. The government does the same with the Consumer Price Index. Here are the details. 

  • An employee stacks mini solar cells after ends are soldered on them at the Xunlight Corp. factory in Toledo, Ohio, U.S.

    The producer price index is a key economic measurement especially when it comes to inflation.

  • Trader on the floor of the New York Stock Exchange.

    CNBC explains: What is a correction? How do they come about? What do they mean for the stock market?

CNBC Explains