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"In the area of statistics, falsification can be considered as the biggest form of corruption...We must seriously investigate and punish such corruption cases."
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The U.S. Medicare programme spent more than $172 million of taxpayers’ dollars subsidising penis pumps between 2006 and 2011.
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China’s combined exports and imports hit a record $4.16 trillion last year, according to the latest figures from the General Administration of Customs, up 7.6 percent from 2012 and potentially making China the world’s biggest trader ahead of the U.S..
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That is so true. And also I think India is making big steps forward. We'll just have to see what is going to happen in 3 to 5 years.
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More than 97 million Chinese tourists went abroad in 2013, beating the world in total outbound tourists and overseas spending, according to a report released on Wednesday.
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Chinese companies invested nearly $14 billion in the U.S. last year, according to a new report by New York’s Rhodium Group, with more than 70 percent of investment coming from private enterprises rather than state-owned firms.
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EconomyWatch

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The number of unemployed people around the world reached an estimated 201.8 million in 2013, said the United Nations’ labour agency on Monday, warning that new job opportunities were not being created fast enough to absorb a growing workforce.
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The 170-mile shipping route from the Pacific Ocean to the Caribbean, traversing Nicaragua, is expected to take five years to complete, with the development set to be one of Central America’s largest-ever investments, potentially breaking Panama’s monopoly on shipping through Central America.
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While many countries have outright banned or discouraged the use of bitcoins, Singapore tax authorities have laid out a guideline on how it intends to tax the purchase, sale, or exchange of Bitcoins among local businesses and individuals – by declaring it as a product or service rather than as currency.
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The internationalisation of the Renminbi has been slower than what some analysts initially predicted. Still, RMB internationalisation will continue to enjoy steady progress but there will be no sensational developments.
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Italy's unemployment rate rose to a record high of 12.7 percent last November, revealed the National Institute of Statistics (ISTAT) on Wednesday, with some 55,000 people losing their jobs during the month.
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At EconomyWatch.com, we believe that if you want to know what is really going on, you need to FOLLOW THE MONEY. 

Our objective is to provide you the data, analysis and tools you need to really understand that flow of money. 

EconomyWatch.com is the largest independent online economics community in the world. Every month, close to half a million users read specific targeted content covering the economy, investment, personal and global finance, statistics databases and directory listings. 

Since our beginnings as a small portal in 1999, we have become a trusted reference source used by everyone from the World Bank to the Economics Network of academics in the UK. We are also used as part of the syllabus in some business school courses in India. 

On EconomyWatch.com, you will find a comprehensive mix of news, analysis, reference, articles, data, charts and tools. These have been provided both by our core team, by freelance contributors, and by members of our extended community.

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