The US lawmakers failing to reach a debt limit agreement to raise the debt ceiling may cause a global financial crisis, Treasury Secretary Janet Yellen warned. If the US federal government fails to make payments, "borrowing costs …
The U.S. currency will plunge 36% against the euro over the next year
Turkish American global supply chain
Per-capita output will contract in more than 90% of countries, the biggest share since 1870
They slide on demand concerns, US-China trade tensions
All this at a time when the countries face explosive social unrest
The long-term ramifications of the COVID-19 outbreak on the oil industry could be significant and long-lasting
as world runs out of storage space
Coronavirus outbreak, oil price crash shocks to regional economies
But authorities say it 'makes no sense'
Coronavirus, oil shock, weakened central banks all bode ill for struggling region
Stock markets in Europe and the US are braced for their biggest falls since the 2008 financial crisis
The people who oversee America’s financial system seem to think that climate change isn’t their problem. But they should think again.
The world economic climate deteriorated to the lowest level of 2009. According to the survey conducted among 1230 experts from 117 countries by the Munich-based Ifo Institute for Economic Research, the world economic climate has …
We could be headed for a massive repeat of the 1970s global supply shock, Chief Economist and CIO at Saxo Bank Steen Jakobsen believes. "Today globalisation has reached its maximum, even without the trade …
Harrowing but unsurprising news for two of the hardest hit emerging markets in recent years
The American economist on how Russia learnt from default and devaluation in 1998
Turkey’s economy fares better than the world economy and outperforms Europe, despite many neighborhood risks, President Recep Tayyip Erdogan has said, again stressing that interest rates must be cut further to …
For years, Europe’s leaders have chosen to coddle an ailing banking system, rather than face up to its problems and fix them
There is no European convergence when disparities exist, Tspiras says
