Global Economy, Poll | featured news

This year now looks unlikely to deliver much improvement in the world economy's growth rate, with a weaker outlook for Europe and the United States tempering the cautious optimism that was evident in January.

Portugal will elect a new government on Sunday which will lead the country through a period of deep austerity and recession after it received a 78-billion-euro ($114 billion) bailout from the European Union and IMF.

Barely more than a third of all Americans rate the country's ability to compete economically in positive terms, according to a new Washington Post poll.