Last week, the IMF issued a stark warning about the global economy. While most large Western states are vulnerable to a new crisis, Russia has prepared its defenses. Kristalina Georgieva isn’t any sort of conspiracy theorist; she’s the head of the International Monetary Fund. And when she warns that the global economy risks another “Great Depression,” you would think everyone would listen. [...]

During the 19 December end-of-the-year press conference, President Vladimir Putin specifically underscored Moscow’s assertiveness in the face of the West’s ongoing sanctions pressure against Russia, saying that the country’s “economy has adapted to foreign shocks”. [...]

Central banks around the world will continue printing money as long as it’s necessary, says legendary investor Jim Rogers, calling it “madness.” He talks to RT’s Boom Bust about the state of the global economy and what could be over the horizon. Never before in world history have interest rates been so low, Rogers says. The US’ central bank, the Fed, increased its balance sheet by over 5 [...]

Tehran could block a key shipping route in the Gulf region after US attack, thus causing a terrible headache to global oil markets and the world’s economy in general, former Pentagon official Michael Maloof told RT’s Boom Bust. [...]

During the 19 December end-of-the-year press conference, President Vladimir Putin specifically underscored Moscow’s assertiveness in the face of the West’s ongoing sanctions pressure against Russia, saying that the country’s “economy has adapted to foreign shocks”. Summing up the results of Vladimir Putin’s presidency over the past twenty years, Bloomberg claimed that “one of the mos [...]

Accusing Turkey of endangering civilians and threatening peace and security with its Syrian operation, US President Donald Trump has announced upcoming tariffs and sanctions against Turkish officials and economy. [...]

The US continues to “strangle” Iran’s economy by imposing sanctions on Tehran as well as other countries that attempt to trade with Iran, Medea Benjamin, co-founder of the peace group Code Pink, told Radio Sputnik’s Loud & Clear Friday. [...]

The trade volume between Russia and China is expected to continue to accelerate and reach new heights, doubling the current record level of $108 billion, the Russian economy ministry says. [...]

Renewed trade war fears are breathing life into the gold market, according to Phil Streible, senior market analyst at RJO Futures, who also pointed to growing investor fears over the possibility of a rate cut. “Potentially down the road, if equities slow down, and if the global economy slows down enough, you might see the Fed cut rates, that’s what’s breathing life right now into that gol [...]

The Russian economy has enjoyed increased Chinese investment as Western sanctions have pushed Beijing closer to Moscow, according to a report released by the US Department of Defense. Despite the 136-page document dedicated to China's armed forces and Washington's concerns over Beijing's growing clout, including its economic strength, the US military did not forget to mention Russia, with which Ch [...]

Investments by German businesses in the Russian economy exceeded €3 billion in 2018, marking the highest level since before the financial crisis more than a decade ago, according to the Russian-German Chamber of Commerce. [...]

Escalation of US-China bilateral tariffs to shave off $1 trillion from America’s GDP. A study by the US Chamber of Commerce shows how the deterioration in the trade dispute between the world’s two largest economies, China and the United States, will drastically affect the American economy. [...]

With the US economy having only created 20,000 new jobs in February, compared to the expected 180,000 jobs, US and global economic growth are continuing to slow down due to tensions in international trade between major economies, financial policy analyst Daniel Sankey told Sputnik Tuesday. [...]

As the US tries to impede Berlin from a joint energy project with Russia – Nord Stream 2 – the German economy minister says that his country will stick to the enterprise, backing Moscow as a reliable partner. [...]

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973 [...]

Source: Bogdan Khmelnytskyi / iStock A record number of Americans are forecast to travel to other countries this year, buoyed by a strong dollar and a surging economy. Last year, the number of U.S. visits overseas rose by 9.1% from the previous year to 38.3 million, according to data from U.S. Department of Commerce, International […] [...]

Democracy is in discredit and is no longer a precondition to have a country’s economy prosper, Patrick Buchanan, an American politician who served as a top advisor to three US presidents, suggests. [...]

The European Union’s economic sanctions against Russia will be extended for another six months, European Council President Donald Tusk has said. The measures targeting Russia’s economy were due to expire next month. “The EU unanimously prolongs economic sanctions against Russia given zero progress in implementation of Minsk agreements,” Tusk said on Twitter. [...]

In September, China’s share of US Treasuries holdings had the highest decline since January as ongoing trade tensions with Washington forced the world’s biggest economy to take measures to stabilize its national currency. Still the biggest foreign holder of the US foreign debt, China slashed it’s share by nearly $14 billion, with the country's holdings falling to $1.15 trillion from nearly $ [...]

Nearly every media outlet repeats this idea constantly, but it's just not true. With unemployment near record lows, President Donald Trump deserves substantial credit for the strength of the economy, right? This is a common refrain — and not just from Trump's allies. Many in the media point to the economy as a sign of Trump's strength, though these claims are often vague and unsupported. [...]

Russia has been implementing a comprehensive plan to diminish the country's reliance on the dollar as a proactive measure amid the Trump administration's sanctions spree. Moscow is not alone in seeking to de-dollarize its economy. Market players from Europe to Asia are increasingly switching to national currencies. [...]

After reimposing crippling sanctions on Iran this week, US Secretary of State Mike Pompeo threatened that Iran should “act like a normal country, or see its economy crumble.” But, how exactly does a ‘normal’ country act? Since the dictat was issued from Washington DC, it seems only fair to start there. Is the United States itself a ‘normal’ country? What makes a ‘normal’ country as [...]