Kuwait GDP to contract in 2024, rebound expected in 2025, predicts IMF
As a result of ongoing production cuts by OPEC+, Kuwait's economy is predicted to remain in recession in 2024, contracting by 20.8%, before gradually improving...
Tag : inflation
Volatile Middle East ripple through global markets
The global inflationary impact of a Middle East conflict extends beyond energy prices...
Recession signs: Are they just false alarms?
The Federal Reserve has historically lowered the Fed funds rate to near zero to inject easy money into the economy during recessions...
Savings clubs: Good or bad for Zimbabwe?
Savings clubs have become a source of capital for many people on the economic margins...
Africa’s currency crisis: A global problem
The depreciation of currencies has forced foreign companies to rethink their African investments...
After Donald Trump’s historic win, investors savour ‘red sweep’ possibilities
According to Donald Trump, federal regulations that impede the creation of jobs will be reduced...
Wage wars: The battle for more money
While companies may offer pay increases, as seen with Boeing's offer of a 25% wage hike and a USD 3,000 signing bonus, workers are increasingly rejecting these deals...
US polls countdown: Jobs report anxiety rises
August saw a decrease in the unemployment rate from 4.3% to 4.2% as employers added 142,000 jobs, which was less than anticipated...
Will Dissanayake pull Sri Lanka out of the abyss?
Sri Lanka's economy is expected to grow 3% in 2024, reversing 2023's contraction, while inflation, which peaked at 70% in September 2022, moderated to 0.5% in August this year...
Rising costs squeeze German businesses hard
Since 2015, China has been Germany's most significant trading partner, and in 2022, trade between the two reached a record high...