There is no strong empirical evidence that inflation in China has a significant impact on inflation in the US and Japan. According to a study in China and World Economy published by Wiley-Blackwell, the recent rise in Chinese prices is unlikely to affect Japan or the US. Conversely, there is evidence that the inflation in the US has had some impact on Chinese inflation.

The leaders of Britain, France, Germany and Italy plus the European Commission will meet in London on Tuesday to discuss how to respond to recent turmoil on global financial markets.

The PM has outlined his ideas to use the current global financial turbulence as an opportunity to reform and strengthen the world economy.

A new study of worldwide technological competitiveness suggests China may soon rival the United States as the principal driver of the world’s economy – a position the U.S. has held since the end of World War II. If that happens, it will mark the first time in nearly a century that two nations have competed for leadership as equals.

Member nations of the International Monetary Fund and World Bank will open their annual meeting in Washington Saturday in the shadow of a worldwide economic slowdown.

Armenia's economic growth accelerated to 13.6 percent during the first eight months of this year, according to preliminary statistics released by the government on Thursday.

S&P Releases August Global Stock Market Review.

The growth of Armenia's GDP in January-July of 2007 totaled 12,1%, as compared to the same period of 2006, making the country an attractive place for new investments. As the press service of the National Statistical Service of Armenia told Mediamax today, the GDP volume in January-July of 2007 totaled 1287363.0mln drams.

Russian President Vladimir Putin used an address at an international economic forum in St. Petersburg yesterday to call for a revolution in world economic relations. Putin said current institutions created by the West were "archaic, undemocratic, and inflexible."

The central bank chiefs of Japan, Europe, and the United States Wednesday expressed optimism about short-term economic prospects in their economies. As VOA's Barry Wood reports, the central bankers spoke via video link with their counterparts attending a monetary conference in South Africa.

In order for current world economic growth rates to continue, it is crucial to keep the United States dollar from falling rapidly while also avoiding a recession, says a United Nations report.

U.S. President George W. Bush has named Robert Zoellick, a former trade representative and top diplomat as his nominee to head the World Bank. Bush said the 53-year-old Zoellick is devoted to improving the world economy.