GDP

Worries that India's evolution into an economic superpower may be overhyped and signs the government may lack the will to further dismantle a protectionist legacy drove India-themed funds to the bottom of performance league tables in November.

A shift in the global military balance is one of the inalienable fallouts of the economic winter experienced by the Western world. While military spending in the U.S., the reigning super power, is increasingly coming under a scanner, the extended defense holiday in Europe signals that the continent’s global influence is on irreversible decline.

China pledged to guarantee growth in the face of an extremely grim outlook for the global economy in 2012, as its annual policy-setting conference closed on Wednesday with a series of commitments to deliver economic stability.

With oil prices already high at/near $100 per barrel and the global economy no where near its GDP output potential, OPEC is once again in the catbird seat as it heads into its December meeting.

Since the 1960s, the United States has spent $16 trillion on the welfare state. This unfathomable price tag is more than our entire national debt, which just recently reached $15 trillion. With social welfare expenditure at about 35 percent of GDP, the obvious question is: Are the benefits outweighing the astronomical costs we pay?

If Indian policymakers are hoping the country's slowing economy can rebound largely the same way it did from the 2008 global financial crisis, they are dreaming. India's economic slowdown is likely to prolong.

Papua New Guinea's governor-general decided on Tuesday that the two men claiming to be the resource-rich country's prime minister must negotiate a solution, leaving a tense political deadlock unresolved.

Tourism will be a key priority for Egypt if Islamists come to power, the country’s major Islamist parties announced on Sunday.

China's natural gas industry is still developing, but with almost twice the shale gas reserves of the U.S., industry players this side of the Pacific are starting to worry.

Greece wants to move fast in bailout talks with the EU, IMF and bankers, Finance Minister Evangelos Venizelos said on Monday, reaffirming the aim of clinching a voluntary debt restructuring deal by end-January before the country heads to elections.

With European Union leaders implementing measures to stabilize government finances at a Galacial pace, what represents the best asset class in the event of a government default by Italy?

African Barrick Gold Plc (ABG) has agreed with the Tanzanian government to raise the royalty rate it pays on gold exports, the country's minerals ministry said on Monday.

The euro slid and European stock markets dived Monday as investors judged that last week's pact to bind EU economies closer together would fail to quell its financial crisis.

India's industrial output fell for the first time in more than two years in October as waning consumer demand took a toll, adding pressure on the Reserve Bank of India (RBI) to ease monetary or liquidity conditions, possibly as soon as Friday.

Canada posted an unexpected trade deficit in October, reflecting economic problems in the United States and Europe and paving the way for lower growth in the fourth quarter, Statistics Canada data indicated on Friday.

It was billed as a summit to save the euro. It may be remembered as the day Europe lost patience with Britain, as most of the continent threw its lot in with European Union founding members France and Germany and committed to binding their economies ever more tightly.

Governments worldwide must boost internet accessibility in order to nurture democracy and economic development, entrepreneur Loic Le Meur said at the prestigious LeWeb technology conference in Paris which he founded.

The top aftermarket NYSE gainers Thursday were: Cooper Companies, Pall Corp, AGL Resources, Enersys, Texas Industries, Strategic Hotels & Resorts, Goodrich Petroleum, Precision Drilling, Office Depot and Hertz Global Holdings.

Talk of Greece voluntarily leaving -- or being kicked out of -- the eurozone was once verboten. Now bank economists, investors, and even central bankers are talking about it as though it's a done deal. The divide between rhetoric is also growing. Those predicting the future Greek exit are calling it "manageable," while those saying it won't happen are labeling the possibility "catastrophic."

The White House unveiled a countdown clock this week, tick-tocking away the days, hours, minutes and seconds to a December 31 deadline for extending and expanding the payroll tax cut. It's a doomsday-style reminder that taxes will jump for an estimated 160 million Americans on January 1 if Congress doesn't act.

(Updates to clarify sentence in 8th paragraph)