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Global Economy

Global Economy

  • Argentine default 101: What you need to know Wednesday, 30 Jul 2014 | 1:35 PM ET
    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.

  • BRICS: CNBC Explains
    By: Mark Koba
    Thursday, 11 Aug 2011 | 2:58 PM ET

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

  • EFSF: CNBC Explains
    By: Mark Koba
    Thursday, 20 Oct 2011 | 8:51 AM ET

    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.

  • Gross Domestic Product: CNBC Explains
    By: Mark Koba
    Thursday, 3 Nov 2011 | 10:50 PM ET

    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.

  • GDP revisions...and why Kardashians don't kount
    By: Jeff Cox
    Wednesday, 31 Jul 2013 | 11:51 AM ET
    Kim Kardashian

    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 IMF: CNBC Explains Monday, 16 May 2011 | 3:38 PM ET

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

  • PIIGS: CNBC Explains
    By: Mark Koba
    Thursday, 11 Aug 2011 | 2:44 PM ET

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

  • Sovereign Debt: CNBC Explains
    By: Mark Koba
    Friday, 14 Oct 2011 | 10:05 AM ET

    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.

Currencies Explained

Economy Explained

  • Economic data can be like the porridge of a certain fairy tale: Too hot, too cold, or just right.

  • Sequestration is a fiscal policy procedure adopted by Congress to deal with the federal budget deficit.

  • 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. 

CNBC Explains

Latest Special Reports

  • It’s been a decade since Google came public with a $23 Billion valuation. We take a look at the search giant since its big day.

  • To kick off our year-long anniversary, we created a list of top leaders, icons and rebels.

  • The boom in America’s energy independence has major implications on the economy, foreign policy and the environment.