The Latest News on Global Economics

Everything you need to know about global economics and international trade.

The World Economic Forum (WEF) conducted its annual survey of all global economies and rated each one based on 12 “Pillars of Competitiveness” covering a number of factors affecting individual economies such as “Health & Primary Education”, “Technological Readiness, and “Innovation”.

The G20 meeting over the weekend could not be much different and it was bound to let people down as there was no speculation of new policy agreements.

The auto industry is showing the first deep scars of a recession from UK to Japan and all around the world. New car sales in the UK dropped by 23% in October, the highest in 17 years according to the SMMT.

The global financial meltdown has forced six central banks to coordinate their efforts to ease the detrimental economic effects of the worst ever global financial collapse by lowering interest rates.

Despite the fact Fed policy makers cut the rates seven times already since September 2007, which amounts to a total of 3% decrease in borrowing costs, the average rate for a 30-year fixed mortgage dropped only half a percentage compared to the same period.