NEW YORK-According to a new report published Friday by the United Nations Development Programme, Raider Nation has for the fifth straight year held the lowest position in the Human Development Index rankings. Taking into account such factors as health, education, and poverty, the report stated that the Human Development Index value of Raider Nation is 0.302, far below the global average and indeed at the very bottom of the 187 territories surveyed by the international organization.

NEW DELHI: India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and United States, according to London-based economic consultancy Cebr. As per Cebr's World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.

EU and US economies account for nearly half of the world's economic output and a third of global trade, meaning that a transatlantic free-trade bloc would hold great sway over emerging economic superpowers China, Brazil and India.

Washington - For all the growth in domestic manufacturing and exports, the ballooning U.S. trade deficit continues to be a thorn in the side of the U.S. economy. The Commerce Department said Thursday that the nation's trade deficit widened to a larger-than-expected $51.8 billion in March, up from $45.4 billion in February.

Almost entirely on the back of stronger exports, last week the U.S. Commerce Department revised upward its economic growth estimate for the second quarter, from 1.7 to 2.5 percent. Exports from April to June grew at their fastest pace in two years, pushing down the U.S. trade deficit to 2.7 percent of gross domestic product. That's less than half what it was at its peak of around 6 percent of GDP in late 2005.

The International Monetary Fund is reviewing whether China's currency should still be considered "substantially undervalued," in light of its rapid rise in the past year. The review could take months, but if the IMF decides China's yuan is just "undervalued," that milder label could undercut U.S. efforts to challenge Beijing's currency policy in an election year.

WHEN the financial crisis hit, the G20, grouping together countries that produce more than 85% of the world's GDP, made all the right noises about trade. World leaders were determined not to repeat the mistakes of the 1930s, when protectionism led to economic disaster; and their apparent success in ensuring that global markets stayed open has been a rare glimmer of light in the economic gloom. Yet even this optimism may be misplaced. As a report from the World Trade Organisation (WTO) warns this week, the barriers are creeping back up.

Fiscal policy, which is now the "opposite" of ideal, is going to be a drag on the economy in the near term and is a primary reason the Federal Reserve should press ahead with its $85 billion-a-month asset purchase program, said William Dudley, the president of the New York Federal Reserve Bank, on Monday.

LISBON: The Portuguese economy is set to contract by 2.3 per cent this year due to a sharp fall in domestic demand and disappointing export growth

President Obama announced new steps to help unemployed Americans on Friday, targeting people who are out of work and want to go back to school. The president outlined a plan under which the Department of Education will send colleges legal guidance, encouraging them to increase financial aid packages for the unemployed so they can enroll in educational and training programs while keeping their unemployment benefits.

Public sector banks, from State Bank of India to Allahabad Bank, will hire as many as 56,500 people in the next six months in the highest ever recruitment drive by the industry in more than a decade as business grows and the threat of new banks looms as the Reserve Bank of India plans to issue new licences soon. The recruitments by more than a dozen banks will be 30% higher than last year's numbers as hopes of business cycle turning for the better grow, bankers said.

If aggregate demand were to expand, would there be sufficient spare capacity to allow aggregate supply to expand to meet the additional demand? This is the question addressed by the podcast and article below.

this articles about the elasticity of demand and supply concerning the oil industry.

Due to an American drought in the summer of 2012, the government expects that the price of food increases by 4 to 5 percent in 2013 , including milk , beef , chicken and pork. Fortunately , Americans spend only 13 percent on their groceries. But economist fear a greater impact outside the USA , because America exports a lot of agricultural products.