global economy News

OECD Sees Euro Zone Crisis Threatening Global Economic Recovery

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday. In its twice-yearly …

Are Some Insurers ‘Globally Systemic Important Financial Institutions?

A report from the Geneva Association, “Reflections on a High-Quality G-SIFI Designation Process in Insurance,” authored by Daniel Haefeli and Patrick M. Liedtke, gives some meaningful insights into the process of defining what is – and is not – a …

IMF Head Sees Global Economy on Recovery Path, but Risks Remain

The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, …

Swiss Re’s Chief Economist Sees Fed Actions Calming Debt Crisis

Swiss Re’s Chief Economist, Kurt Karl, has predicted that the decision by the Federal Reserve to maintain the target fed funds rate at zero to 25 basis points would help calm some of the turmoil in the global financial markets. …

Int’l Chamber of Commerce Survey: ‘World Economic Climate Has Worsened’

According to the World Economic Survey (WES), published by the International Chamber of Commerce (ICC) and the Munich-based Institute for Economic Research (Ifo), “the world economic climate has worsened in the fourth quarter, as indicated by increasingly negative expectations from …