Economy News

Italy's business lobby Confindustria said on Saturday it saw just a "partial" rebound for the country's gross domestic product (GDP) in 2021 after an expected 10% contraction this year, as the coronavirus epidemic still loomed.

The Reserve Bank of India (RBI) left key interest rates unchanged on Friday as widely expected, while keeping policy accommodative to help pull the coronavirus-ravaged economy out of its worst slump in four decades.

President Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win.

South Sudan's cabinet agreed on Friday to change the country's currency in order to improve the economy, the government spokesman said, without giving further details.

Argentina on Friday formally became the first country in the world to approve the use of drought-resistant genetically modified (GMO) wheat, prompting fierce criticism by the country's massive export agriculture industry.

The Reserve Bank of India (RBI) left key interest rates unchanged on Friday as widely expected, while retaining an accommodative monetary policy stance to support the coronavirus-hit economy.

Retail inflation in India likely rose further above the central bank's medium-term target last month as food prices climbed due to lingering supply disruptions, a Reuters poll found, reducing the chances of another interest rate cut.

A surge in COVID-19 cases in a number of U.S. states and roller-coaster prospects for new pandemic aid from Congress are threatening to push the importance of traditional economic data to the back burner for voters in the Nov. 3 election.

Environmentalists in Indonesia are calling for the reversal of a controversial law aimed at job creation because it is seen favouring business interests at the expense of the environment and labour.