Saudi economy stays resilient amid Iran war, retains top Fitch ratings
As per the Fitch, Saudi to grow 0.6% in 2026, reflecting trade disruptions due to the Hormuz tensions, before rebounding in 2027...
Tag : GDP
Energy shock bites: Iran war forces IMF to cut global growth outlook
The global economy is now expected to grow 3% in 2026, down from an April forecast of 3.1%, a modest slowdown partly offset by AI-driven demand...
Germany unveils record 2027 budget with defence, infrastructure push
The approved plans for total spending of 555.4 billion euro will be financed partly through new borrowing worth 203.6 billion euro...
Can Britain’s 298 billion pound ‘Defence Investment Plan’ keep the country safe?
In its largest defence budget in the last 30 years, Britain is looking to fund everything from stealth fighter jets and nuclear submarines to drones...
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...
Saudi Arabia’s nominal GDP rises 6.3% in Q1 2026, finds report
Inflationary conditions within the Saudi economy remained stable, with the Consumer Price Index (CPI) remaining at 1.7% in April 2026...
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...
South Africa to meet fiscal targets despite Iran war, says government
National Treasury Director-General Duncan Pieterse said there have been significant improvements in debt management and fiscal discipline...
Oman ends FY 2025 with stable growth, non-oil GDP hits USD 74.6 billion
Oman's inflation remained contained at an average of 1.69% during January-February 2025/2026, indicating stable price levels that supported household consumption and business planning...
British SMEs may turn back on apprenticeships: Enginuity’s survey
The importance of SMEs is often hugely underestimated, making up more than 99% of all businesses in the UK and more than 95% of the manufacturing and engineering sector...