The White House released a statement yesterday announcing the successful negotiation of the new United States-Mexico-Canada Agreement, intended to replace NAFTA. Here are some of the significant changes people are talking about now.
The Trump administration imposed a third round of tariffs on Chinese goods, covering roughly $200 billion of imports from China. China retaliated with $60 billion of tariffs. We tell you if this is likely to be a prolonged battle and what US companies need to consider now.
All EU member states except the UK and Denmark must adopt the euro as official currency. Bulgaria has announced its intention to do so, but EU officials warn that adoption will take time. We explain what the eurozone is, the process for joining, and why Bulgaria may need to go above and beyond meeting formal EU criteria.
Foreign governments and multinationals have started investing heavily in India, thanks in part to Prime Minister Narendra Modi’s economic reforms. We tell you why India is so appealing to some foreign investors, and why others are still reluctant to enter one of the world’s largest, fastest-growing markets.
Last month, the US men’s national soccer team lost a game that knocked the US out of the 2018 World Cup. One prominent commentator called it “the most surreal and embarrassing night in US soccer history,” and its economic consequences will be significant and long-lasting.
India has a $2 trillion dollar economy that's growing. But monsoons continue to have outsized effects on year-to-year growth, affecting everything from inflation to foreign investment.
Last week, Japan’s Cabinet Office released the country’s second-quarter GDP report. It contains some real surprises, including a notable uptick in consumer spending. But experts and policymakers remain baffled by the country’s flat inflation levels, a serious problem given Japan's massive public debt.
Last week, the US Trade Representative Office released a summary of objectives for NAFTA renegotiation, which will likely begin next month. We explain the Trump administration's change in strategy and why the renegotiation is so important.
President Trump’s visit to Warsaw highlighted Poland’s steady rise to economic prominence over the last two decades. The Eastern European nation is now poised to join the ranks of IMF advanced economies. The last country to make that leap was South Korea 20 years ago.
The World Bank projects global growth to improve to 2.7 percent in 2017, up from a decade-low 2.4 in 2016. Growth rates should further improve over the next two years. We summarize the important points of the World Bank's recent Global Economics Prospects report and take a look at its forecasts for five critical global economies.
In 2009, Greece was sucked into a vortex of mounting public debt, austerity measures, workers’ strikes, referendums and bailouts that’s still spinning. Last week, Greece and its creditors announced an agreement for more Greek austerity measures in exchange for more bailout funds.
IMF chief Christine Lagarde spoke last week at the American Enterprise Institute in Washington, DC. She warned global policymakers that they need to take steps now to spur productivity growth.