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Picture: sxc.hu

World economy

Fears raised over looming global recession

By Eyewitness News

The UK economy shrunk in the second quarter. Data published on Wednesday reveals Germany's economy contracted in the three months to June.

  • A chapel is reflected on the side of a World Economic Forum shuttle bus in Davos, Switzerland on 18 January 2017. PIcture: Reinart Toerien/EWN.

    Has Davos made the world better?

    One persistent criticism is that WEF meetings, including this week's main annual gathering in Davos, have simply created a safe space for the corporate world to lobby governments without oversight.

    1255 days ago
  • President Cyril Ramaphosa arriving in Buenos Aires, Argentina, through Ezeiza Ministro Pistarini International Airport where he is leading the South African delegation to the G20 Summit which takes place from 30 November to 1 December 2018. Picture: GCIS.

    Buenos Aires on lockdown as world leaders gather for G20 summit

    South Africa is one of 19 countries represented that, together with the European Union, account for 80% of the world's trade.

    1305 days ago
  • Picture: EWN

    Nearly half the world lives on less than R78 a day: World Bank

    In a twice-yearly report, the bank took a broader look at poverty to see where countries were lagging, even though the share of those living in extreme poverty, defined as earning less than $1.90 a day, has continued to come down in recent years.

    1349 days ago
  • Picture: Pixabay.com

    The world's biggest economies in 2018

    The United States has the largest economy in the world, but China’s coffers are growing at the fastest rate.

    1530 days ago
  • Chinese President Xi Jinping. Picture: AFP

    China's Xi says rising protectionism adds risks & uncertainty in world economy

    Xi’s comments were made to Klaus Schwab, founder and executive chairman of the World Economic Forum, media said.

    1533 days ago
  • FILE: Damage caused by Hurricane Maria in Roseau, Dominica, on September 20, 2017. Picture: AFP

    Future shocks: 10 emerging risks that threaten our world

    The report explores 10 potential future shocks, including food scarcity, the extinction of fish, technological breakdowns and another financial crisis.

    1621 days ago
  • US businessman Bill Gates at the Aids Conference in Durban on 20 July 2016. Picture: Kgothatso Mogale/EWN.

    Billionaires had a rough year in 2015, relatively

    Transfers of assets within families and falling commodity prices helped reduce total billionaire wealth.

    2082 days ago
  • Rwanda is one of the fastest growing economies in the world EWN's Stephen Grootes took a tour of Kigali, Rwanda's capital. Picture: Vumani Mkhize/EWN

    This is why, despite challenges, Africa can still rise

    Africa’s overall annual GDP growth averaged just 3.3% in 2010/5, barely keeping up with population growth.

    2101 days ago
  • Standard Chartered logo. Picture: Facebook.

    StanChart cuts African private equity team as economies struggle

    African economies have struggled over the last year with lower commodity prices & rising government debt.

    2135 days ago
  • FILE: A man walks past a the scene of a bombing after at least 20 people were killed when a young female suicide bomber detonated her explosives at a bus station in Maiduguri, northeast Nigeria, on June 22, 2015 in an attack likely to be blamed on Boko Haram. Picture: AFP

    Economic downturn, Islamist attacks cause hunger to spread in Nigeria: UN

    Inflation and soaring food prices come at a time when people have little left from the last harvest.

    2137 days ago
  • Picture: AFP.

    'Africa won't fall back into 90s-style debt trap'

    Falling commodity prices and slowing global growth have hammered African economies in the past year.

    2219 days ago
  • Picture: freeimages.com

    OPINION: Why access to finance creates job growth

    There are potentially many factors that could drive both firm employment growth and access to finance.

    2219 days ago
  • Picture: AFP.

    UN cuts global economic growth forecast for 2016

    The UN says it's lowered its forecast for growth of world gross product this year to 2.4 percent.

    2237 days ago
  • South African rand.  Picture: Christa Eybers/EWN

    SA's economy isn't appealing to investors at the moment...

    Given the challenges the economy is facing, investor confidence has seen a sharp decline over the last five years.

    2266 days ago
  • The Johannesburg Stock Exchange (JSE) building in Sandton. Picture: Vumani Mkhize/EWN.

    Africa's big cities offer investors hope in hard times

    Growth remains robust in cities like Lagos, Nairobi, Accra, Kinshasa & Johannesburg.

    2325 days ago
  • South African money. Picture: Facebook.

    Rand needs to time to recover from record lows

    The rand slumped to a level of R17.99 against the US dollar on Sunday night after erratic trading.

    2358 days ago
  • Graphic on the world’s 10 largest economies.

    Economic giants, who rules the world?

    Economic giants, who rules the world?

    2496 days ago
  • FILE: Containers staked up in the Port of Shanghai, China, 29 November 2013. Picture: AFP.

    China becomes world's top crude buyer

    China overtook the US as the world’s top importer of crude oil for the first time in April.

    2604 days ago
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