Discover what First World countries are: developed, industrialized nations with stable democracies, high living standards, ...

The World Economic Forum in Davos is an annual gathering nicknamed for the ski town it's held in: Davos-Klosters, Switzerland. The four-day conference brings together heads of state, CEOs, and ...

With the economic environment becoming more uncertain, firms turned cautious on long-range spending and global purchases of machinery and equipment decelerated. Faced with sluggish demand for ...

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.

The source of China’s remarkable economic growth—and the key to BRICS countries’ now successful challenge to the G7’s global economic dominance—has been its hybrid economic model.

Business Tariffs explained: What they really mean for the world economy April 3, 2025 U.S. President Donald Trump's move to impose sweeping tariffs on U.S. imports has sparked threats of ...

It's not just tariffs. The White House is rethinking the central role of the dollar in the global economy.

There are grounds for caution on economic prospects in the global economic outlook, nonetheless. The recent de-escalation could become a re-escalation should trade negotiations falter.

The World Bank said the global economy is in a "precarious position" and reduced its outlook for worldwide GDP growth in 2024.

As EY expects India to be the world’s second-largest economy by 2038 in PPP terms, let's break down what the Purchasing Power ...