Sunday 28 December 2014
 
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Economic Slump

Russia forecasts economic slump as oil falls

Slumping oil prices have put Russia's economy on course for a sharp recession and double-digit inflation next year, government ministers said, as authorities scaled up a bailout for the first bank to succumb to this month's rouble crisis

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BOJ sees recovery from economic slump

The Bank of Japan (BOJ) forecast the economy will contract in the current fiscal year but kept monetary policy steady on Tuesday, expecting that exports to emerging markets and spending for reconstruction after last year's earthquake will help fue

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Fed takes new steps to avoid US slump

The Federal Reserve has warned of significant risks to the already weak US economy and launched a new plan to lower long-term borrowing costs and bolster the battered housing market. The US central bank said it would sell $400 billion

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