Americans
A government shutdown in the United States, as spearheaded by Senate Democrats, has significant economic implications. The lack of data release from the Bureau of Labor Statistics and other economic agencies creates uncertainty for policymakers and the global economy. The potential for a recession, combined with the absence of data,
Cabinet officials
The Government of South Africa, led by Minister of Electricity and Energy Dr. Kgosientsho Ramokgopa, has launched the Integrated Resource Plan (IRP) 2025 to address the long-standing electricity crisis and drive economic growth. The plan aims to invest R2.2 trillion, approximately 30% of the nation's gross domestic
Economic growth
The Government of South Africa, led by Minister of Electricity and Energy Dr. Kgosientsho Ramokgopa, has launched the Integrated Resource Plan (IRP) 2025 to address the long-standing electricity crisis and drive economic growth. The plan aims to invest R2.2 trillion, approximately 30% of the nation's gross domestic
Economic conditions
The longest government shutdown in history is quickly approaching the second week, with some lawmakers predicting it could become the longest in U.S. history, surpassing the 21-day shutdown in 1995-96. The Trump administration is using the current shutdown to buttress priorities it favors while seeking to dismantle those it
Economic growth
The ongoing government shutdown has severe economic consequences, according to the nonpartisan Congressional Budget Office (CBO). House Budget Chairman Jodey Arrington (R-Texas) released a statement highlighting the CBO's concerns, stating that the shutdown is increasing unemployment, reducing consumer spending, and diminishing private-sector income. The CBO warns that the
Economic growth
The International Monetary Fund (IMF) is predicting a slight increase in the South Korean economy's growth due to lower domestic political uncertainty and policy support. The organization's World Economic Outlook, published on Tuesday, slightly raised its growth projection for South Korea to 0.9 percent for
Economic growth
Indonesia's trade minister, Budi Santoso, has stressed the importance of strengthening the country's export sector to support broader economic growth. This comes after the International Monetary Fund (IMF) revised its projection for Indonesia's economic growth to 4.9 percent in both 2025 and 2026.
Bessent, Scott
The ongoing two-week-old federal government shutdown is taking a heavy toll on the US economy, with a Treasury official estimating that the shutdown may cost as much as $15 billion a week in lost output. This estimate came after Treasury Secretary Scott Bessent initially stated that the cost could be
Economic growth
European equities are set to open lower, with investors awaiting the release of eurozone trade balance data and UK economic growth figures. The US Federal Reserve's Beige Book suggested little change in economic growth in October, but the outlook for future growth is uncertain, with mixed prospects across
Tariffs
The latest forecasts from the International Monetary Fund suggest that global economic growth will be higher than previously thought, but lower than in previous decades. However, the UK economy continues to face significant challenges, including a slowdown in trade with the rest of the world and the ongoing impact of
Economic growth
The International Monetary Fund (IMF) has increased its 2025 growth forecast for Saudi Arabia, citing improvements in the non-oil manufacturing sector and the Kingdom's continued participation in gradual OPEC+ production cuts. Saudi Arabia's economy has demonstrated strong resilience to shocks, with non-oil economic activities expanding, inflation
Economic conditions
India's economic growth prospects have been boosted by a strong first quarter performance, with the International Monetary Fund (IMF) raising the country's growth forecast for the current fiscal year 2026 to 6.6% from 6.4% earlier. This upward revision is a result of the country&
