Monitoring developments in other oil-exporting nations
Emerging market weakness has been so pervasive that many are now extremely sensitive to any marginal positive change, says City Financial's Mark Harris.
The FTSE 100 has dropped 2.5% this afternoon as worse-than-expected US retail sales data darkened investors' moods further this afternoon.
The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery.
How Romania’s growing GDP is outpacing the EU
As China's economy continues to slow, the World Bank has warned Vietnam and South Korea could snap up more of China's share of the global export market. Annabelle Williams reports.
Economies around the globe need to shore up their fiscal positions now following an improvement in growth rates, and before the next crisis hits home, the World Bank has warned.
The World Bank has cut its global growth forecast for 2013, blaming sluggish growth in developed economies for the ‘fragile' and ‘uncertain' global economic recovery.