GDP

John Lipsky—Acting Managing Director, International Monetary Fund delivered the following speech at Annual Meeting of the Bretton Woods Committee on May 19, 2011.

After the resignation of Dominique Strauss Khan following an arrest for sexual assault, the next question is who will be the next person to lead the International Monetary Fund, responsible for reducing poverty and promoting stability and sustainable economic growth around the world?

Today's new Gold Demand Trends from the World Gold Council show interesting data about gold demand in China. China is now 10 years into opening up its gold market - half as long as India. But since nabbing the No.2 spot in terms of private demand in 2005, it's only grown hungrier for gold bullion, despite becoming the world's No.1 mining-producer nation, too.

Japan’s economy shrank at an annualized rate of 3.7 percent in the first three months of the year.

The International Monetary Fund’s (IMF) chief official responsible for Greece has warned the debt-stricken country must take even more austerity measures in order to reduce its massive budget deficit.

US stocks closed modestly down despite solid data as the market continues to exhibit risk aversion.

The Portuguese economy contracted for the second straight quarter, placing the debt-strapped country into another recession as the Lisbon government anxiously seeks to reduce spending and increase taxes.

Greek labor unions, students and others are planning massive a nationwide rally and general strike for tomorrow to protest the government’s austerity budget and deep spending cuts, as well as the imposition of European Union (EU) and International Monetary Fund (IMF) onto the country’s affairs.

The Portuguese will likely descend into a deep recession over the next two years, after Lisbon country signed terms of a bailout from the European Union, warned the country’s finance minister.

China's inflation rate has reached a point where it is sparking social unrest, the American enterprise Institute's (AEI) latest outlook report has noted. Chinese premier Wen Jiabao's recent comment that inflation is a tiger that once set free is very difficult to put back in its cage[1] aptly characterizes the current inflation in his country. The world's second-largest economy faces some fundamental choices if it is to restore stability, says the report, which was au...

The dollar hit new 2011 lows against the euro and the British pound yesterday, while the Dollar Index (USDX) is currently trading at around 73 - close to record lows.

U.S. stocks declined in early trade on Thursday after government reports showed that US economic activity slowed significantly in the first quarter and applications for jobless benefits unexpectedly increased.

The International Monetary Fund (IMF) that robust economic growth in the Asia-Pacific region may lead to overheating and rising inflationary pressures.

US GDP growth in 2011 first quarter slowed to an annual rate of 1.8 percent, compared to a rate of 3.1 percent in fourth quarter 2010 and 3.7 percent in first quarter 2010.

Futures on major U.S. stock indices remained range-bound on Thursday ahead of economic data including key US GDP figures from the government.

The budget deficit for cash-strapped Greece is even worse than previously thought, according revised data from the European Union’s statistical office, Eurostat.

Venezuela’s inflation is at 29 percent and Argentina’s actual inflation (many allege the government data is fraudulent) is north of 20 percent.

US Treasuries are called the “risk-free assets” of the financial world. However, the moniker of “risk-free asset” may actually belong to another country.

Real gross domestic product (GDP) growth in the United States will reaccelerate, and reach 3.5–4 percent in the second half of this year, IHS Global Insight said in its April World Flash report.

For over 70 years the United States has been widely considered AAA top-notch benchmark sovereign risk. Standard & Poor (S&P)'s decision to impose a negative outlook now puts this status under question for the first time, reflecting the unsustainable debt trajectory and risks of policy response gridlock.

The CURRENT SURGE in silver prices worldwide might seem dramatic, but it's more measured - so far, at least - than the true silver bubble that went Bang! in Jan. 1980. Even so, you might as well call this a record price.