World economy
![China’s growth drops to lowest in five years China’s growth drops to lowest in five years](/economy/worldeconomy/images/china_flag_domain-b.gif)
China’s growth drops to lowest in five years
22 Oct 2008
The Chinese economy continued to lose steam in the third quarter of 2008, with its growth rate dropping to its lowest level in over five years.
![Financial crisis to add 20 million jobless: ILO Financial crisis to add 20 million jobless: ILO](/economy/worldeconomy/images/juan_somavia_domain-b.jpg)
Financial crisis to add 20 million jobless: ILO
21 Oct 2008
20 million more people will lose jobs by the end of 2009 taking the unemployed to 210 million in late 2009, as a result of the worst financial crisis.
A global depression? Not yet
21 Oct 2008
The global economy is definitely headed for its worst downturn in decades and this phase may last a while. But, based on the evidence so far, the global economy may not be headed for a depression. By Vivek Sharma
![Unemployment in UK to reach 2 million by Christmas Unemployment in UK to reach 2 million by Christmas](/economy/worldeconomy/images/Gordon_Brown2_sm_domain-b.jpg)
Unemployment in UK to reach 2 million by Christmas
20 Oct 2008
After the global adulation for its bank bailout package, recession-hit Britain is gearing up to fight unemployment, which has hit all sectors of the economy.
![G7 nations fail to put their acts together G7 nations fail to put their acts together](/economy/worldeconomy/images/alistair_darling_sm_domain-.jpg)
G7 nations fail to put their acts together
11 Oct 2008
The G7 has vowed to work together to end the global financial crisis using all the tools at its disposal, but stopped short of any concrete action
GE 3Q results cheer markets despite meltdown
11 Oct 2008
![Iceland headed for bankruptcy; PM seeks $5.44-billion Russian loan Iceland headed for bankruptcy; PM seeks $5.44-billion Russian loan](/economy/worldeconomy/images/geir_haarde_sm_domain-b.jpg)
Iceland headed for bankruptcy; PM seeks $5.44-billion Russian loan
08 Oct 2008
Iceland, a NATO memeber has turned down the IMF in favour of an emergency Russian loan, the size of which is almost a third of its GDP.
![Fed plans direct lending to corporates Fed plans direct lending to corporates](/economy/worldeconomy/images/domain-b_fed_building_ho.jpg)
Fed plans direct lending to corporates
07 Oct 2008
The US Federal Reserve will buy commercial paper from companies in a coordinated plan with the US treasury department to jump-start the financial system.
![India raps IMF for 'ignoring' global financial crisis India raps IMF for 'ignoring' global financial crisis](/organisation/imf/images/nirpam_sen_domain-b.jpg)
India raps IMF for 'ignoring' global financial crisis
07 Oct 2008
Indian ambassador to the UN Nirpam Sen today attacked IMF and other UN bodies for ignoring the plight of the poor wrought by the global econiomic crisis
India invited to join G-8 economic summit
07 Oct 2008
![The US loses 1,59,000 jobs, signalling recession The US loses 1,59,000 jobs, signalling recession](/economy/worldeconomy/images/unemployment_domain-b.jpg)
The US loses 1,59,000 jobs, signalling recession
06 Oct 2008
The number of jobs lost in the US doubled to 159,000 in September amidst fears that the worst is yet to follow.
![France in recession, economy shrinking France in recession, economy shrinking](/economy/worldeconomy/images/france_emblem_domain-b.jpg)
France in recession, economy shrinking
03 Oct 2008
After Ireland, France has entered a recessionary phase. Its GDP shrank by 0.3 per cent in the second quarter and by an estimated 0.1 per cent in the third and fourth quarters of 2008
China compels foreign companies to allow unions
12 Sep 2008
US trade deficit widens to $62.2 billion in July
11 Sep 2008
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Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
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Business History Videos
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