Several economists have admitted they were mistaken to predict the UK economy would immediately suffer after the vote to leave the EU.
Talks between the Venezuelan government and a coalition of opposition parties have reached a stalemate which facilitators from the Vatican are hoping to break.
The UK's services sector was strong in September adding to doubts about the need for another interest rate cut to cushion the Brexit vote impact.
Pedro Parente, the new boss of Brazil's scandal-ridden state-controlled energy firm Petrobras, has been talking about the challenges ahead.
Japan's economy unexpectedly picked up in the first three months of 2016 with annualised growth of 1.7 percent but that was partly due to a boost to consumption as this is a leap year.
Bank of England Governor Mark Carney has stepped up his warnings about the economic risks if Britain votes to leave the European Union, with even the possibility of a technical recession.
The Greek economy looks set to shrink by 1.0 percent this year putting a further squeeze on ordinary Greeks and businesses after a 0.3 percent contraction in 2015.
Russia's economy is set to dip deeper into recession according to the latest central bank forecasts as the Kremlin looks at selling stakes in state owned companies.
Brazil’s worst recession in 25 years has deepened. The economy shrank 1.7 percent in the third quarter – half a percent more than analysts had
The Japanese economy shrank by 0.2 percent between July-September, Japanese government data showed last Monday. Several reports have suggested
Greek retail sales by volume fell 7.3 percent in July compared to the same month last year. The data published by the official statistics agency
Canada went into recession in the first half of 2015, and figures indicate Prime Minister Stephen Harper’s prediction the second half would be better
More than 5000 people took to the streets of the Armenian capital Yerevan on Tuesday morning. Blocked from reaching the presidential palace when they
With the rouble at a six-month high Russia’s central bank has resumed buying foreign currency, a sign the government thinks it’s high
The Italian economy could post its first year of expansion in 2015 after a three-year recession. That’s a prediction by the Organisation for
It has been a bleak start to the New Year for the rouble. The Russian currency opened sharply lower against the dollar on Monday dragged more than
The lights of Russia’s economy are burning brightly but as the country heads into recession, many are choosing to stay at home rather than spend
The rise in sales tax in April in Japan is having a longer-lasting dampening effect on consumers than first forecast. Business investment also fell
Be prepared for hard times. That was one message for Russians from President Vladimir Putin in his state-of-the nation address to parliament. He
A sharp revision in Russian’s economic forecast has led to a warning from the government that the country’s economy will fall into recession next
German consumers are spending money. A sharp rise in private consumption helped the economy post modest growth and avoid recession. The figures
Japan’s Prime Minister Shinzo Abe has dissolved Parliament. The move paves the way for a snap election on December 14. Abe is hoping to get a new
The Japanese Prime Minister has called a snap election two years ahead of Schedule. Shinzo Abe says he will dissolve the lower house of parliament
More ammunition for critics of the economic policies of Japan’s prime minister has become available with the news Japan is technically in recession
Japan, the world’s third-largest economy, has unexpectedly slid into recession. This comes after a rise in the national sales tax from five
After years of pushing austerity, the International Monetary Fund is now telling governments they must spend more to boost growth and create jobs
The European Central Bank has warned the crisis in Ukraine poses risks to the eurozone’s weak and uneven economic recovery. ECB President Mario
Ukraine’s economic decline is accelerating. The government says GDP contracted by 4.7 percent in the second quarter from the same period last