As its European neighbours continue to struggle, Hungary, which turned down part of an International Monetary Fund/European Union loan last year, has won grudging international acceptance for its focus on job creation.
With Greek 10-year bond yields trading above 16 percent, and the government about to make 6 billion euros worth of new cuts, the numbers on Greek austerity don't add up, one analyst says.
Analysts have been feverishly revising down their growth projections. Much depends on the effectiveness of policies and, critically, whether there will finally be a more coherent and sustained policy response in systemically important countries, especially the US and Europe.
Unemployment claims are the big hurdle for markets Thursday, as investors watch to see if economic headwinds will keep the weekly number elevated.
Click to see the second careers that athletes have pursued after they left the playing field once and for all.
Our beloved two party political system is currently negotiating an increase to the debt ceiling, all in the name of fiscal responsibility.
Germany has been a frequent cudgel in recent fights over the American economy. When Germany has grown faster than the United States, stimulus skeptics like to point across the Atlantic Ocean and say that austerity works. When it has grown more slowly, people who think the American stimulus made a big difference — including me — return the favor the Mew York Times reports.
A recovery in the US housing market and growth for the US economy are key to the global economic recovery, along with growth in China and further funding for Greece, Gary Baker, head of European equity strategy at BofA Merrill Lynch told CNBC.
The net jobs data is a small fraction of a total number of hires, which are the numbers people should look at more closely, says Edward Lazear, former chairman of the President's Council of Economic Advisers/Stanford University Economics professor; with Meredith Whitney, Meredith Whitney Advisory Group.
There was no guidance on the end of the second round of quantitative easing or QE2 and no guidance on the chance of QE3, but Federal Reserve Chairman Ben Bernanke on Tuesday confirmed market expectations that the United States' borrowing costs will remain low for the foreseeable future.
Agustin Carstens, the underdog candidate to head the International Monetary Fund, has accused European governments of trying to pre-empt the fund’s succession process and failing to tackle their own debt problems, reported the FT.
Despite weak economic data a double dip recession is unlikely and investors should favor stocks over bonds, according to Chris Watling, the CEO of Longview Economics in London.
The US economy can still grow by as much as 2.5 percent this year without a third round of quantitative easing, despite a raft of bad economic data, Rajiv Biswas, chief economist at IHS Global Insight told CNBC on Monday.
As euro zone politicians scramble to bring Greek public finances back under control, the question of how much the European Central Bank will lose if they fail to avert a default has taken on greater importance, reported the FT.
At the world economic forum in 2009 one leading economist told me he was perplexed. Why would an economist be perplexed as the world economy teetered on the brink you ask? Well it had nothing to do with the state of the global economy and everything to do with supply and demand.
The market had been expecting Friday’s US jobs data to be weak but the scale of the drop in employment growth in May still took many by surprise.
Europe has not yet had its financial crisis while America is still recovering from its crisis in 2008 according to Jim McCaughan, the CEO of Principal Global Investors.
Having failed to secure a majority in Sunday’s election, the new conservative-led coalition will face a daunting task as it attempts to turn around its country’s ailing finances, according to Barclays Capital.
"There's a big debate about whether what we're seeing right now is the beginning of a sustained slowdown or just (the effect of) short-term factors," says one chief economist.
The dollar has taken a beating over the last week. Here's how to trade it now.