world economy

As European banks pull back on lending, companies around the globe are finding it harder to borrow, edging the world economy toward another slump.

The world economy has entered a "dangerous new phase," according to the chief economist of the International Monetary Fund.

As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.

To borrow from the old blessing or curse, we live in interesting times. The world economy is a mess, unemployment is hovering at near-record levels, and the federal government seems incapable of passing even the most obviously needed legislation.

Bank governor Mervyn King said Europe's debt crisis and fears of contraction in the US overshadowed the world economy.

Asian stocks nose-dived Monday as the first-ever downgrade of the U.S. government's credit rating jolted the global financial system, reinforcing fears that the world economy is weakening.

A day after Standard & Poor’s took the unprecedented step of downgrading the credit worthiness of the United States government while offering criticism of the “political deadlock” in Washington, American lawmakers and political leaders overseas scrambled to assess the impact of the move on the already troubled world economy.

A day after the downgrade of United States debt, American lawmakers and political leaders overseas scrambled to evaluate the move’s impact on the already troubled world economy.

Mideast turmoil, a faltering world economy and divisions on whether to raise crude production promise to make this week's OPEC meeting one of the more volatile in recent history.

Fine line between slowdown and stall Emily Kaiser Reuters , SINGAPORE - The world economy appears headed for several months of sub-par growth, and there is no clear source of strength to lead it back to health.

The geopolitical ramifications are, of course, the vastly more important ones, but the world economy shifted slightly last night as word of Osama Bin Laden's death hit the airwaves.