Nicolas Maduro: Venezuela is not a “broken country”

Venezuelan President Nicolas Maduro reiterated on Wednesday that Venezuela is not “a broken country” after his meeting in Beijing with his Chinese counterpart Xi Jinping. “Sometimes there is a whole international conspiracy to try to appear in the world to...

Venezuela is in recession since the second quarter of 2014

Venezuela fell into recession in 2014 with a falling of its GDP for three consecutive quarters, and recorded an annualized inflation record in the continent of 63.6% in November, according to data released this Tuesday by the Central Bank of Venezuela (BCV). The GDP contraction...

Russia will face the economic recession during 2015

Russia will enter into recession in 2015, weighed down by the economic sanctions imposed by Western countries and the fall of oil prices that stimulate inflation and contributed to the collapse of the ruble, according to the latest official estimates. One day after the fall of...
U.S. Economy

U.S. fiscal deficit will affect the national economy

National Analysts says that if the U.S. government fails to control the budget deficit in 2013, it will cause a negative effect on Ecuador’s three economic sectors: exports, remittances and financing. The fiscal deficit and the looming economic recession that the United...

Monti Hopes for an Early Financial Recovery in Italy

Mario Monti, Italian Prime Minister, announced that despite the economy of his country had improved, the financial “crater” has regrown and the country has fallen again into a severe crisis. “We moved away from the brink thanks to the contribution of political...
INE confirms the Spanish Economy Went into Recession at the beginning of 2012

INE confirms the Spanish Economy Went into Recession at the beginning of 2012

The Spanish economy went into recession after falling 0.3% between January and March and put two consecutive quarters of contraction, according to final figures released today by the National Statistics Institute (INE for its Spanish acronym). The 2.6% contraction in investment...

UK Economy Returns to Recession

After shrinking by 0.2% in the first three months of 2012 the economy in the United Kingdom enters a recession period. This lead a serious fall in the construction output, the recession is defined as two consecutive quarters of contraction. BBC economics editor Stephanie Flanders...