Iran war: World Bank cuts global growth outlook to 2.5%
As per the World Bank, growth could slow to just 1.3% if energy supply disruptions prove more severe and come with substantial stress in financial markets...
Category : Macroeconomy
Morocco unseats South Africa as continent’s most industrialised economy
Morocco scored higher than South Africa in most of the ADB's metrics, including the all-important manufacturing sector’s contribution to overall GDP...
Post PM’s sacking, focus returns on Senegal-IMF debt talks
President Bassirou Diomaye Faye has named Ahmadou Al Aminou Lo, a seasoned economist, to replace the populist Ousmane Sonko...
United Nations revises forecast for global economic growth
As per the United Nations, a surge in energy prices has intensified cost pressures for households and businesses...
Trouble for Ramaphosa administration as South Africa sees rising unemployment
About a third of South Africa’s labour force is without a job, and things may get worse as the economic outlook sours due to the Iran war...
Spain bucks Eurozone trend with solid 2.2% economic growth forecast for 2026
Driven by a resilient services sector and falling unemployment, Spain maintains a strong economic outlook even as neighbouring European nations face stagnation...
Banca d’Italia forecasts sluggish 0.5% economic growth for Italy amid energy crisis
Surging oil and gas prices, combined with geopolitical instability, threaten to stall Italy's economic recovery through 2027, prompting the central bank to urge productivity reforms...
OPEC Fund launches E-STAR to boost economic resilience
Economic resilience takes centre stage as the OPEC Fund for International Development rolls out its USD 1.5 billion E-STAR initiative to support trade stability and strengthen supply chains...
Jordan to access USD 200 million as it reaches agreement with IMF
IMF mission chief Cesar Serra lauded the Jordanian government's commitment to reducing public debt to 80% of GDP by 2028...
Oman got FDI worth over USD 80.5 billion in 2025: Data
The Oman construction sector registered RO 99.1 million, and 'other activities' collectively attracted RO 85.7 million, with inflows rising by RO 2 million...