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 : recession
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...
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...
As UK escapes recession, what’s next?
The Bank of England now anticipates that the United Kingdom's GDP will increase by 0.5% this year, double the rate it predicted in February...
AI hitting labour forces like a ‘Tsunami’, says IMF chief Kristalina Georgieva
IMF chief Kristalina Georgieva mentioned that the world economy has become more susceptible to shocks in recent years, citing the global pandemic in 2020 and the war in Ukraine...
IF Insights: Making sense of United States’ ‘economic supremacy’ over Europe
The fact of the matter is United States has already outpaced Europe in terms of GDP and the trend will continue in 2024 too...
Gaza conflict: Gold prices show volatility as tensions worsen further
Short-term speculative speculators in the gold and silver markets are reportedly having a difficult time right now...
Weighing Windfall Tax Impact
The rationale behind implementing a windfall tax is to capture a portion of these windfall gains and redistribute them for the public good...
IF Insights: Predicting the road ahead for UK economy
The pandemic's impact obscures a larger concern that the UK economy will face in the coming decades: population ageing...
IF Insights: Crisis-ridden United Kingdom is now staring at a recession
The IMF has remarked that the United Kingdom economy is expected to avoid a recession in 2023, whereas the European country's GDP will grow by 0.4% in 2023...