OECD sees long-term growth prospects almost halving in major economies
By Leigh Thomas PARIS (Reuters) – Growth is projected to almost halve in developed and big emerging market economies in the coming decades, requiring higher taxes to keep debt from rocketing, the…
Cryptoassets increase risk in developing economies, study says
NEW YORK (Reuters) – Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to…
How El Nino threatens emerging market economies
By Jorgelina do Rosario and Libby George LONDON (Reuters) – Countries around the world are battling heatwaves and floods fuelled by El Nino, a naturally occurring climate phenomenon that has a 90%…
IMF increasingly worried about ‘material’ impact of climate change on economies
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Tuesday called for better coordinated efforts to address the causes of climate change, warning extreme weather is posing material risks to…
IMF says dollar’s rise hit emerging markets harder than advanced economies
By David Lawder WASHINGTON (Reuters) – Emerging market economies bore the brunt of the strongest U.S. dollar in two decades in 2022, a rise that battered them with capital outflows, higher import…
S&P sees weaker 2023 growth in key African economies as tailwinds fade
JOHANNESBURG (Reuters) – Economic growth in key Sub-Saharan African economies will slow this year as weaker global growth makes the backdrop less favourable and high interest rates deter investment, ratings agency S&P…
African economies debt outlook remains “cloudy” – World Bank economist
By Kopano Gumbi and Rachel Savage JOHANNESBURG (Reuters) – The outlook for Africa’s debt sustainability remains “cloudy” as low growth and high inflation challenge the stability of many economies across the continent,…
Gulf economies to grow at much slower pace in 2023 on lower oil revenues- Reuters poll
By Anant Chandak BENGALURU (Reuters) – Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for muted gains in crude prices and…
Asia likely to grow 5% faster than developed economies by year-end – Morgan Stanley
(Reuters) – Asia’s economic growth could outpace developed countries’ by 5% by end-2023 driven by China’s easing of COVID-19 curbs, strong domestic demand and interest rates staying in less-restrictive territory, said Morgan…
Gulf economies to slow this year on sluggish oil demand – Reuters poll
By Anant Chandak BENGALURU (Reuters) – Economies in the six-member Gulf Cooperation Council (GCC) will grow this year at half the rate of 2022 as oil revenues take a hit from an…
The WEF Seemingly Exists To ‘Destroy National Economies,’ Tucker Carlson Says
The WEF Seemingly Exists To ‘Destroy National Economies,’ Tucker Carlson Says Harold Hutchison on January 18, 2023 Fox News host Tucker Carlson blasted the World Economic Forum (WEF) Wednesday, saying that the…
WTO warns of ‘real’ recession risk in some major economies
By Leika Kihara NUSA DUA, Indonesia (Reuters) – The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a real risk of sliding into recession as…
MENA, Central Asia economies show resilience but global headwinds loom -IMF
DUBAI (Reuters) – Economic activity in the Middle East and Central Asia was resilient with recovery continuing in 2022 but the region must guard against growing global headwinds and push ahead with…
Factbox-Strained emerging economies in focus at the IMF World Bank meeting
LONDON (Reuters) – The annual IMF/World Bank meetings in Washington D.C. from Monday to Saturday will include talks on a number of emerging markets squeezed by rising inflation and borrowing costs against…
Opinion of China in advanced economies sours ‘precipitously’ under Xi – Pew
By James Pomfret BEIJING/HONG KONG (Reuters) – Public opinion towards China in the United States and other advanced economies has turned “precipitously more negative” under President Xi Jinping, according to a global…
Barclays forecasts contraction in fourth quarter for major economies
(Reuters) – Global growth is heading for an “increasingly synchronous downturn”, economists at Barclays said on Thursday, citing a deepening energy crisis in Europe, continued lockdowns in China and tightening financing conditions…
AfDB seeks to increase concessional funding to fragile African economies
By Ahmed Eljechtimi MARRAKECH, Morocco – The African Development Bank (AfDB) is seeking additional capital for its fund offering infrastructure finance at cheap rates to low-income and fragile African economies, the bank’s…
Bank of Canada makes a splash with developed economies’ first 100 pointer
(Reuters) – The Bank of Canada on Wednesday delivered the first 100-basis-point rate increase among the world’s advanced economies in the current policy-tightening cycle as officials there eyeballed “higher and more persistent”…
Moody’s sees ‘tough terrain’ ahead for emerging economies as Russia-Ukraine war extends
By Jorgelina do Rosario LONDON – Emerging economies will face a “tough terrain” for the next few quarters due to the Russia-Ukraine war, Atsi Sheth, global head of strategy and research for…
Big sub-Saharan economies set for sluggish growth in 2022
By Vuyani Ndaba JOHANNESBURG – The recovery in sub-Saharan Africa’s major economies will gain little traction this year as weak local currencies undermine a boost to export earnings from high commodity prices,…
World Bank sees economies reducing dependence on Russia for energy, on China for supply chains
By Andrea Shalal WASHINGTON – World Bank President David Malpass on Wednesday said he expects a “strong effort” by major economies to reduce their dependence on Russia for energy supplies and China…
Germany’s Lindner says Europe will be able to shield its economies against inflation rising over Ukraine war
PARIS – European sanctions against Russia over the war in Ukraine will lead to cost increases, German Finance Minister Christian Lindner said, but the bloc will be able to protect its economies…
Gulf economies to grow faster in 2022, oil price fall biggest threat: Reuters poll
By Md Manzer Hussain BENGALURU – The economies in the six-member Gulf Cooperation Council will grow at their fastest paces in several years, according to a Reuters poll of economists who cautioned…
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