Economic conditions
As China continues to rapidly industrialize, its voracious demand for energy, raw materials, and manufacturing machinery has led to a surge in commodity prices worldwide. For the past 25 years, China's economic appetite has been steadily growing, but the country's ability to sustain this pace may
Economic conditions
The argument over Germany and France breaking the eurozone rules has cast a cloud over the plans of central and east European states hoping to join the common currency. The economic turmoil in Hungary, where the finance minister was recently dismissed over problems with the fiscal deficit, has further complicated
Economic conditions
China, long accused of fueling deflation in Japan through its cheap exports, is now credited with providing the Japanese economy with a much-needed inflationary push. Strong demand from China is helping to soak up excess Japanese capacity in various industries such as steel, paper, glass, cement, electronics, and machine parts,
Economic conditions
As the European Council decided not to impose sanctions on Germany and France for breaching the 3% GDP deficit rule, a strong reaction emerged from European officials, particularly central bankers. The Bundesbank's president, Ernest Welteke, and a member of the European Central Bank's executive board, Tommaso
Economic conditions
Business output and optimism in the UK have reached their highest levels since May 2000, according to a new survey by BDO Stoy Hayward, the accountancy and consultancy company. The report forecasts healthy domestic demand and an improving world economy will lift the UK's economic growth to 2.
Economic conditions
Brazilians were high on hope when Luiz Inacio Lula da Silva took office as the country's first working-class president, but a year later, many are disillusioned with his economic policy, which has brought inflation under control and sent financial markets soaring, but triggered a recession and sent unemployment
Economic conditions
As the world watches the Asian region, observers are noting a glimmer of hope for a sustained economic recovery. While China's growth has been remarkable, other parts of Asia have lagged behind, except for a few remarkable performers like Thailand. With exports increasing and household savings rates decreasing,
Chernomyrdin, Viktor
President Boris Yeltsin and Prime Minister Viktor Chernomyrdin failed to reach an agreement on key economic reforms, sparking a struggle between the President's government and the conservative forces led by the Prime Minister. The meeting resulted in the apparent defection of two leading reformers, economic minister Yegor Gaidar
