The World Bank lifted its 2025 growth projection for China to 4.8% and raised its forecast for much of the region, but warned of slowing momentum next year, citing low consumer and business confidence and weak new export orders.

California kept its bragging rights as the world’s fourth-largest economy in the latest update on state-level business output. The Golden State economy was producing goods and services at a nation-leading $4.215 trillion annual pace in the second quarter.

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday.

Fifteen Asia-Pacific economies are set to conclude talks on Sunday and sign what could become the world's largest free trade agreement, covering nearly a third of the global population and about 30% of its global gross domestic product.

California has achieved a significant milestone by being recognized as the fourth largest economy in the world. The state's diverse industries, ranging from tec

In a scenario modeled by Oxford Economics, a U.S.-focused tech slowdown would send the world’s biggest economy inching toward a recession and drag global growth to 2% in 2026 instead of a baseline 2.5% — with the prospects for an even bigger hit.

Financial markets slumped Friday after President Trump threatened to raise tariffs on China over a dispute involving rare earths.

Finance chiefs gathering in Washington this week were ready to discuss the global economy's surprising resilience in the face of Donald Trump's tariff assaults - until U.S.-China trade war rhetoric reignited with the U.