By Anant Chandak BENGALURU (Reuters) – The six-member Gulf Cooperation Council economies will grow at a faster pace in 2024 than last year despite expectations of weak global growth hurting…
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…
LONDON (Reuters) – Some of the world’s poorest countries face budget cuts topping $220 billion over the coming five years due to a debt crisis that has pushed dozens to…
SYDNEY (Reuters) – New Zealand said on Monday it would cut its future budget allowances, reduce spending on consultants and for some government programmes citing a deterioration in the global…
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,…
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…
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…
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,…
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…
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…
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…
(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,…
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…
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…
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…
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…
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…
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…
(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…
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,…
(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…
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…
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…
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…
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…