Tag "Economy"

China clocked in GDP growth of 6.9% in the first three quarters of 2017, and is set to end the year at 6.8%. But Peking University finance professor Michael Pettis believes that the figure is no indication of the actual

Bah humbug? If politicians in Washington don’t come to their senses and avoid a government shutdown at the end of the week, the U.S. economy could suffer a major blow right around the holidays. That’s the warning from Beth Ann

Before she leaves, Janet Yellen wants to remind us how far we’ve come. The Federal Reserve chair touted the U.S. economy’s gains since the 2008 financial crisis on Wednesday, in what’s likely her final testimony before a joint congressional committee.

The U.S. economy picked up more momentum last summer than originally thought. It grew 3.3% on an annual basis between July and September, according to revised numbers published Wednesday by the Commerce Department. The initial reading on third quarter growth

President Trump argues that the Consumer Financial Protection Bureau is a “disaster” that has “devastated” banks and hurt Americans by stifling loans. Mick Mulvaney, the official Trump installed as the agency’s acting director, claimed on his first day that the

Beijing wants to swap its polluted air for blue skies. Doing so will be costly. China has transformed over the past four decades from an economic backwater to an unrivaled industrial power that consumes huge amounts of raw materials and

We polled the experts, consulted the analysts, and read the white papers. Herewith, Fortune’s best guess for what will happen to the economy in 2018. The article is part of the Fortune 2018 Crystal Ball, our predictions for the year

NEW DELHI India’s economic growth is expected to pick up to 7.5 percent in the fiscal year that ends in March 2018, Prime Minister Narendra Modi’s top economic adviser, Arvind Panagariya, said on Friday. Asia’s third-largest economy grew 7.1 percent

The Reserve Bank of India is likely to keep interest rates unchanged at a review on June 7, but with inflation well below target its policy statement is likely to sound less hawkish than when the monetary policy committee last

 NEW DELHI India is set to hang onto its status as the world’s fastest growing major economy thanks to stronger consumer demand, if data due out later on Wednesday matches economists expectations for a 7.1 percent year-on-year expansion in the