Complete coverage on

World Economy

Renaissance Capital's Charles Robertson looks at the IMF's latest global economic outlook showing a weak global recovery.

Latest Stories

CNNMoney: G-20 pledges to support global economyupdated: Wed Jun 20 2012 06:01:00

Global leaders promised Tuesday to support economic growth and create jobs as the financial turmoil in Europe continues to undermine confidence around the world.

Obama, Putin G20 meetingupdated: Tue Jun 19 2012 21:05:00

In Mexico, President Barack Obama met with Russia's President Vladimir Putin on the sidelines of the G20 summit.

G-20 summit aims for economic recoveryupdated: Mon Jun 18 2012 17:44:00

Brianna Keilar on President Obama's meeting with Russia's Putin on Iran and stimulating struggling global economies.

Greece prepares for crucial electionupdated: Sat Jun 16 2012 11:29:00

People in Greece weighed their options Saturday as they prepared to vote in a pivotal election that could determine the debt-stricken country's future in the eurozone and have an impact on the global economy.

World economy still on life supportupdated: Sun Apr 15 2012 22:02:00

The world economy "remains on life support" from central banks and has deteriorated since last autumn, the latest Brookings Institution-Financial Times tracking index shows, despite some recent signs of stabilisation.

CNNMoney: India's slower growth may be an 'uh, oh' signupdated: Wed Feb 29 2012 08:58:00

Economic growth in India slowed at the end of last year, the government reported Wednesday, raising concerns about whether emerging markets will continue to be the engine of global growth.

CNNMoney: G20 chiefs: Europe needs a bigger financial firewallupdated: Mon Feb 27 2012 07:13:00

European leaders have taken "substantial" steps to contain the eurozone debt crisis, but they need to build a stronger financial firewall to ensure the safety of the global economy, top finance officials said Sunday.

CNNMoney: IMF cuts growth forecast for all but U.S.updated: Tue Jan 24 2012 11:07:00

The International Monetary Fund lowered its outlook for the world economy on Tuesday, and warned that the global financial system faces growing risks from the debt crisis in Europe.

CNNMoney: World Bank warns on risk of global recessionupdated: Wed Jan 18 2012 18:51:00

The World Bank Wednesday slashed its 2012 growth forecasts for both emerging and developing economies from its estimates of only six months ago, and warned the world is on the cusp of a new global recession that could be as bad as the crisis four years ago.

CNNMoney: Stocks: Volatility sign flashing redupdated: Mon Jan 02 2012 18:43:00

Investors may be saying good riddance to a choppy year, but they'd better buckle up. The first quarter of 2012 is going to be a roller coaster ride, with Europe front and center.

Fortune: Nils Andersen: Møller-Maersk's trade trackerupdated: Mon Dec 19 2011 11:49:00

Consumers rarely see one of the most important and dramatic elements of the increasingly global economy: the mammoth ships that keep the whole system moving. Virtually everything we buy traveled by ship at some point or contains materials that did, so shipping trends show how world trade is shifting. By far the largest force in global shipping is A.P. Møller-Maersk, the Copenhagen-based company that operates more than 500 container ships and 225 tankers, in addition to developing ports, operating drilling rigs, and offering related services. Even dominant size doesn't fully shield Maersk from the whipsawing global economy: 2009 was its worst year ever, and 2010 was its best.

CNNMoney: Fed, ECB offer aid to global financial systemupdated: Wed Nov 30 2011 16:26:00

Europe is hurting for cash, and central banks around the world are stepping in to give it a boost.

CNNMoney: Fed fuels commodity price spikeupdated: Wed Nov 30 2011 16:20:00

Commodity prices across the board moved higher Wednesday, with oil prices topping $100 per barrel for the second time in almost six months. And experts said this time they could actually keep climbing.

Italy soon to adopt reforms promised to EU, president saysupdated: Thu Nov 10 2011 00:36:00

Italian President Giorgio Napolitano said Wednesday that his country will adopt a series of austerity measures promised to the European Union, as officials try to allay investor fears and head off a eurozone debt crisis.

Erin Burnett on stock market dropupdated: Thu Nov 10 2011 00:36:00

CNN's Erin Burnett talks to Wolf Blitzer about the big drop fueled by concerns over Italy.

CNNMoney: G20 agree to 'action plan' for global economyupdated: Fri Nov 04 2011 15:36:00

After a summit dominated by concerns about Europe, the world's most powerful political leaders produced a two-page "action plan" for the global economy that builds largely on existing policies previously stated goals.

CNNMoney: China to take new steps on currencyupdated: Fri Nov 04 2011 10:52:00

China will make new commitments on its exchange rate policy Friday as part of the official Group of 20 communiqué, according to a U.S. official close to the matter.

CNNMoney: G20 summit to test EU debt dealupdated: Tue Nov 01 2011 10:48:00

The world's most powerful political leaders will gather this week in France to chart a course for the global economy as the outlook for growth remains fraught with risks.

CNNMoney: G20 finance chiefs back Europe bank rescueupdated: Sat Oct 15 2011 12:44:00

Finance ministers from the world's largest economies pledged Saturday to take "all necessary actions" to stabilize global financial markets and ensure that banks are well capitalized.

CNNMoney: Geithner sounds alarm on Europeupdated: Sun Sep 25 2011 09:58:00

U.S. Treasury Secretary Tim Geithner warned Saturday that the sovereign debt and banking crisis in Europe represents "the most serious risk now confronting the world economy."

CNNMoney: G20 pledges support, but investors want actionupdated: Fri Sep 23 2011 12:12:00

Finance ministers and central bankers from the world's largest economies reiterated their pledge to stabilize the global economy, but they failed to impress investors, who are eager for the Group of 20 to take action.

CNNMoney: Global economy alarm bells ringupdated: Thu Sep 22 2011 14:54:00

The recession alarm bells were ringing across the globe Thursday, spooking investors and economists alike.

CNNMoney: IMF lowers economic outlook, warns of danger aheadupdated: Tue Sep 20 2011 11:27:00

The International Monetary Fund has lowered its global growth outlook, warning that "the global economy is in a dangerous new phase."

Global recovery in danger of skidding off courseupdated: Mon Sep 19 2011 06:11:00

The global recovery "is in danger of skidding off course", according to the latest Brookings Institution-Financial Times tracking index of the world economy, with growth slowing down sharply amid financial turbulence and policy paralysis.

CNNMoney: G7 pledges 'strong, coordinated' effort on economyupdated: Fri Sep 16 2011 15:24:00

Finance officials from the world's largest industrialized nations pledged Friday to work together to support the sputtering global economy. The Group of Seven issued a brief statement as finance ministers and central bankers kicked off a two-day meeting in Marseille, France. "We meet at a time of new challenges to global economic recovery with significant challenges to growth, fiscal deficits and sovereign debt stemming from past accumulated imbalances," the G7 said. "This is reflected in heightened tensions in global financial markets."

CNNMoney: IMF chief: Advanced economies crushed by debtupdated: Thu Sep 15 2011 10:26:00

International Monetary Fund Managing Director Christine Lagarde sounded the alarm Thursday that global economies are in a "dangerous phase," in her first major speech in Washington since taking over as fund chief.

CNNMoney: Stocks headed for more lossesupdated: Fri Aug 19 2011 08:40:00

U.S. stocks were headed for another day of losses Friday, as worries of a global slowdown and Europe's debt crisis sparked a second sell-off in global markets.

CNNMoney: Asia ends lower, Europe starts in the redupdated: Fri Aug 19 2011 06:41:00

World stock markets fell Friday, following a bruising sell-off in global markets during the previous session. Asian stocks ended broadly lower, European stocks opened in the red and U.S. futures pointed to a down start.

CNNMoney: Asian markets fall as global selloff continuesupdated: Thu Aug 18 2011 22:07:00

Asian stock markets opened lower Friday following a bruising selloff in global markets during the previous session.

CNNMoney: Stocks get demolishedupdated: Thu Aug 18 2011 16:40:00

Wall Street got socked on Thursday as renewed concerns about the U.S. and global economies sent major indexes plunging and pushed gold to a new high and bond yields to a record low.

CNNMoney: Stocks headed for a sell-offupdated: Thu Aug 18 2011 09:04:00

U.S. stocks were headed for a sell-off Thursday, tracking steep declines across world markets and pushing gold to a new record.

CNNMoney: Oil closes near $100 a barrelupdated: Thu Jul 07 2011 16:12:00

Oil prices jumped Thursday, inching closer to $100 a barrel on signs of stronger economic growth and a bullish outlook on commodities from two big investment banks.

CNNMoney: IMF trims U.S. economic outlookupdated: Fri Jun 17 2011 10:00:00

The International Monetary Fund on Friday lowered its forecast for U.S. economic growth, and warned that risks to the global recovery have increased.

CNNMoney: IMF acting director gets down to businessupdated: Thu May 19 2011 12:49:00

In his first comments since taking the helm of the International Monetary Fund, acting director John Lipsky urged policy makers Thursday to work together to strengthen the global economy.

CNNMoney: Expert: U.S. should 'give up on the dollar'updated: Fri Apr 15 2011 14:36:00

The push to replace the U.S. dollar as the world's reserve currency has been gaining steam, with one expert arguing that America "must give up on the dollar."

CNNMoney: G-20 finance chiefs to tackle global imbalancesupdated: Tue Apr 12 2011 16:58:00

Financial ministers from G-20 nations head this weekend to Washington, where they will brainstorm a new set of standards to tackle global economic imbalances.

G-20 leaders pledge to help economies of Egypt, Tunisiaupdated: Sun Feb 20 2011 11:20:00

The world's leading nations concluded a two-day G-20 meeting in Paris on Saturday by pledging to support the new governments arising in revolution-torn Egypt and Tunisia.

G20 concludes in Parisupdated: Sun Feb 20 2011 11:20:00

CNN's Jim Bitterman reports on the conclusions of the G20 summit.

G20 leaders: Global recovery is 'strengthening, but is still uneven'updated: Sun Feb 20 2011 10:43:00

In the face of an "uneven" economic recovery, members of the G20 meeting in Paris agreed Saturday that the international monetary system has proven "resilient, but vulnerabilities remain."

CNNMoney: Stocks rise ahead of long holiday weekendupdated: Fri Feb 18 2011 16:52:00

U.S. stocks closed higher Friday, with the Dow rising to a two-year high as the two-day meeting of the G-20 finance ministers kicked off in France.

CNNMoney: G-20 meeting hovers over stocksupdated: Fri Feb 18 2011 08:21:00

U.S. stocks were set to open little changed Friday as investors took a wait-and-see approach to the G-20 meeting of finance ministers underway in France.

CNNMoney: U.S. to press China on currencyupdated: Tue Feb 15 2011 16:19:00

U.S. officials will continue to press China over the manipulation of its currency at this week's G-20 summit, a senior Treasury Department official said Tuesday.

CNNMoney: The trouble with 'global imbalances'updated: Tue Nov 23 2010 16:16:00

The high standard of living most Americans enjoy could be at risk. And the looming danger is caused by two little words -- "global imbalances."

CNNMoney: China manipulates currency, U.S. panel saysupdated: Wed Nov 17 2010 10:58:00

China continues to manipulate its currency and the nation's "exclusionary" trade policies have contributed to a massive deficit with the United States, a special commission said Wednesday.

CNNMoney: It's the global economy, stupid.updated: Fri Nov 12 2010 15:13:00

It was only last week that investors were spending all their time analyzing the outcome of the midterm elections, the Federal Reserve's quantitative easing announcement and the October jobs report.

Obama: 'Global economy is growing again'updated: Fri Nov 12 2010 10:32:00

President Barack Obama discusses the global economy and the progress being made to make it grow.

CNNMoney: G-20: We'll avoid currency warupdated: Fri Nov 12 2010 08:29:00

Leaders of the G-20 nations on Friday agreed to "refrain" from all-out currency warfare, but failed to meet high expectations that they would come up with a plan to stabilize the world economy.

CNNMoney: Stocks: No comeback after Ciscoupdated: Thu Nov 11 2010 16:47:00

Stocks sold off at the open and never looked back Thursday after a disappointing outlook from Cisco Systems dragged on the technology sector all day.

CNNMoney: World underdogs take the leadupdated: Thu Nov 11 2010 10:36:00

Changes in the global pecking order are coming.

Know your global economy?updated: Thu Nov 11 2010 03:09:00

So you think you know the world economy? Put it to the test.

Obama visits Indonesiaupdated: Wed Nov 10 2010 12:37:00

President Obama talks about Indonesia's struggle for freedom in a visit to the country.

Obama arrives in South Korea for G-20 summitupdated: Wed Nov 10 2010 12:37:00

U.S. President Barack Obama arrived in South Korea on Wednesday, where the leaders of top global economies will convene at the G-20 summit to try to stabilize the world's financial markets.

Stop the rhetoric, it's time for G-20 actionupdated: Wed Nov 10 2010 11:52:00

The Group of 20 Summit in Seoul, South Korea, on November 11 and 12, may be the most important meeting of this group to date.

CNNMoney: Stocks set to slip at openupdated: Mon Nov 08 2010 09:11:00

U.S. stocks were poised to open slightly lower Monday as investors shift their focus to the global economic picture.

G-20 finance ministers meetupdated: Sun Oct 24 2010 23:18:00

CNN's Paula Hancocks reports from the G-20 finance ministers meeting in Seoul, South Korea.

CNNMoney: Major changes in store for IMFupdated: Sun Oct 24 2010 14:03:00

Officials at the Group of 20 nations summit in South Korea have agreed on substantial changes for the International Monetary Fund, according to IMF Managing Director, Dominique Strauss-Kahn. If approved, the historic reforms would give developing nations a stronger voice within the institution.

G20 ministers agree to change IMF structureupdated: Sun Oct 24 2010 11:29:00

Officials at the Group of 20 nations summit in South Korea have agreed on substantial changes for the International Monetary Fund, according to IMF Managing Director, Dominique Strauss-Kahn. If approved, the historic reforms would give developing nations a stronger voice within the institution.

CNNMoney: U.S. goal: A Chinese currency changeupdated: Fri Oct 22 2010 09:18:00

The Obama administration has a big goal going into this weekend's Group of 20 finance ministers' meeting in South Korea: Press China and other nations to allow currencies appreciate.

South Korea to deploy largest force ever for G-20updated: Fri Oct 15 2010 04:48:00

South Korea will mobilize its largest security force ever in anticipation of widespread protests during the G-20 summit next month in Seoul, the Yonhap news agency said.

Fortune: Investing in the world's best balance sheetsupdated: Thu Jul 29 2010 09:12:00

At the G20 summit in Toronto last month, the leaders of world's largest economies embraced a brave new theme: Halting the alarming, potentially ruinous growth in already mountainous sovereign debt.

IMF forecast for global economyupdated: Thu Jul 08 2010 04:56:00

IMF Chief Economist Olivier Blanchard talks to CNN's Andrew Stevens about the state of the global economy.

CNNMoney: China slowdown fears hit global marketsupdated: Tue Jun 29 2010 15:09:00

Concerns about the global economy roiled world financial markets Tuesday after a report on leading indicators in China was revised lower.

CNNMoney: Treasurys surge after G-20 summitupdated: Mon Jun 28 2010 16:31:00

Treasury prices gained Monday after world leaders called for drastic deficit cuts at the G-20 economic summit this weekend.

CNNMoney: Stocks set for a flat openupdated: Mon Jun 28 2010 08:44:00

U.S. stocks were expected to open flat Monday after leaders of the world's economic powers committed to reducing deficits over the next few years and reports on personal income and spending came in close to expectations.

Obama touts agreements reached at G-20 summitupdated: Sun Jun 27 2010 21:00:00

The Group of 20 leaders meeting in Canada this weekend "have forged a coordinated response to the worst global economic crisis in our time," U.S. President Barack Obama said Sunday at the conclusion of the summit.

What to expect at the G-20updated: Sun Jun 27 2010 10:12:00

As world leaders meet in Toronto for the G-20 meeting, CNN's Jim Boulden examines what's on the agenda.

Obama: Poised to pass financial reformupdated: Sat Jun 26 2010 06:58:00

President Obama delivered remarks about Wall Street financial reform before departing for the G-20 summit in Toronto.

Arrest puts spotlight on security ahead of G-20 summit in Torontoupdated: Thu Jun 24 2010 22:14:00

The spotlight is on security -- as well as economic recovery plans -- as leaders from the world's biggest economies gather in Toronto for a pair of summits this weekend.

Gas cans, guns in car near G-20updated: Thu Jun 24 2010 22:14:00

Canadian police arrest a 53-year-old man near the site of the G-20 summit. CNN's Jeanne Meserve reports.

CNNMoney: Dollar up on euro as China reaction fadesupdated: Thu Jun 24 2010 06:00:00

The dollar gained versus the euro Tuesday as optimism about China's decision to let its currency float more freely faded and investors turned to the safety of the greenback.

Fortune: The new global opportunityupdated: Wed Jun 23 2010 06:42:00

Unless you spend all your time looking at GDP figures, the $58 trillion global economy is almost too big to fathom. In a famous 1995 article in Prospect magazine, the British writer Nico Colchester attempted to make this immense figure more manageable by imagining the world economy as 26 Italys. Italy, he thought, was a convenient unit of account (back then its economy was worth roughly $1 trillion). Besides, all of us sort of know what Italy looks like and makes. As an economy you can picture it.

Asia markets climb on China currency plansupdated: Mon Jun 21 2010 17:10:00

Markets in Asia moved up on news that China would eliminate its peg to the U.S. dollar, an issue that has ratcheted tensions between Washington and Beijing.

CNNMoney: Stronger yuan is good for U.S. Eventually.updated: Mon Jun 21 2010 15:41:00

China has finally announced a long hoped for move that will allow its currency to gradually trade higher. But there was nothing gradual about Wall Street's reaction.

CNNMoney: China's yuan higher -- dollar gains tooupdated: Mon Jun 21 2010 14:57:00

Despite China's decision to let its currency float more freely, the dollar gained Monday as investors recognized China's move would be gradual.

CNNMoney: China takes baby steps toward a free-floating yuanupdated: Mon Jun 21 2010 08:39:00

China took steps Saturday to let its currency trade more freely, but investors and U.S. policy makers should not expect a large increase in its value.

Obama praises China's move to allow its currency to floatupdated: Sat Jun 19 2010 17:32:00

President Barack Obama welcomed Saturday's news that China's central bank will allow its national currency to float ahead of the G-20 summit in Toronto, Canada, next week.

Fortune: Questioning Keynesupdated: Thu Jun 10 2010 16:42:00

In the 1930s, British economist John Maynard Keynes spearheaded a revolution in economic thinking: The free market is imperfect. And because of these imperfections, it's the government's job to intervene and somehow make things right.

CNNMoney: Latest economic worries: Made in Koreaupdated: Tue May 25 2010 15:31:00

Another day, another international crisis rattles the world's financial markets.

Britain will not join Greek bail-out effortsupdated: Fri Jan 29 2010 05:20:00

Davos, Switzerland (FT) -- Alistair Darling said on Friday that Britain would not join any European effort to bail out Greece but pledged not to use differences in global financial regulations to promote the City of London.

APEC leaders reject climate deal possibilityupdated: Sun Nov 15 2009 02:02:00

Big promises, no international climate deal and consensus that pulling the plug too quickly on stimulus spending could undermine the global economic recovery -- those are the key results (or lack thereof) from the APEC summit, which wraps up Sunday in Singapore.

The state of global tradeupdated: Fri Nov 13 2009 10:57:00

Herman Ude, CEO, DHL Global Forwarding, Freight speaks to CNN's Andrew Stevens about the state of global trade.

Chinese president: Protectionism will not solve crisisupdated: Fri Nov 13 2009 10:57:00

China's President Hu Jintao has urged the global community to fight the forces of protectionism in the aftermath of the global financial crisis.

CNNMoney: Stocks poised for a dipupdated: Tue Nov 10 2009 07:07:00

U.S. stocks were poised for a lower start Tuesday as the momentum that fueled the previous session's rally started to fade.

Plan to create fund for bailouts hits hurdlesupdated: Sun Nov 08 2009 10:40:00

Key players in the Group of 20 refused to support a plan create an insurance fund to pay for bailouts if governments have to step in again to save giant businesses on the brink of collapse.

Does APEC matter anymore?updated: Fri Nov 06 2009 02:15:00

As political and business leaders representing more than half of the world's economic output start to gather in Singapore for the weeklong annual summit of the Asia-Pacific Economic Cooperation, a question looms: Does APEC matter?

Stronger signs of global recoveryupdated: Mon Nov 02 2009 23:16:00

Signs of recovery after a torrid year reverberated around the world on Monday as manufacturers reported rising output and improved employment prospects in the US, Europe and Asia.

Bernanke warns on imbalance risks with Asiaupdated: Mon Oct 19 2009 23:14:00

Ben Bernanke said on Monday that it was "extraordinarily urgent" that the US and Asia adopt policies that prevent a revival of global economic imbalances as the financial crisis ebbs.

Bernanke's scorecardupdated: Mon Oct 19 2009 23:14:00

President Obama nominates Ben Bernanke for a second term. CNN's Jim Boulden reports.

CNNMoney: G-20 agrees on time table for reformsupdated: Fri Sep 25 2009 17:46:00

Leaders of G-20 nations committed Friday to a timeline to establish and enforce new rules aimed at spurring financial firms around the globe to improve capital cushions and avoid taking risk.

Volatile G-20 summitupdated: Fri Sep 25 2009 11:29:00

CNN Radio's Steve Kastenbaum reports from the G-20 Summit in Pittsburgh on Pres. Obama's role and the protesters outside.

Officials: G-20 to supplant G-8 as international economic councilupdated: Fri Sep 25 2009 11:29:00

Leaders of the G-20 economic summit will announce Friday that the group will become the new permanent council for international economic cooperation, senior U.S. officials told CNN Thursday.

G-20 preps for protestsupdated: Thu Sep 24 2009 18:28:00

CNN's Brian Todd is in Pittsburgh where protesters are expected to crash the G-20 Summitt.

G-20 leaders meet to bolster global economyupdated: Thu Sep 24 2009 18:28:00

Leaders representing 90 percent of the world's economic output were gathering Thursday in a U.S. city that has reinvented itself, hoping to bolster the global economy.

Economic summit comes year after financial meltdownupdated: Wed Sep 23 2009 04:29:00

As the leaders of the world's industrial powers gather this week in Pittsburgh, Pennsylvania, their economies are starting to emerge from the shadow of the worst financial downturn since the Great Depression.

Bank sees Asia leading global recoveryupdated: Tue Sep 22 2009 00:25:00

Asia is set to lead the world out of the global financial crisis in spite of the slow recovery in the US and Europe, according to the latest forecasts by the Asian Development Bank.

G-20: Where are we now?updated: Tue Mar 31 2009 11:01:00

CNN's Charles Hodson asks what this week's G-20 meeting will likely achieve.

Brown: G-20 will rise to challengeupdated: Tue Mar 31 2009 11:01:00

British Prime Minister Gordon Brown said Monday he believed world leaders would "rise to the challenge" at this week's G-20 summit by agreeing firm measures to set about tackling the global financial crisis.

We recommend