Economic conditions
India's economic growth story is expected to surpass earlier estimates, with the International Monetary Fund (IMF) projecting a 6.6% GDP growth rate for 2025-26, up 0.2 percentage points from the previous forecast. The upward revision is attributed to a strong first quarter, which offset the impact
Tariffs
The International Monetary Fund (IMF) has slightly raised its growth forecast for Korea's economy to 0.9 percent for this year, citing smaller-than-expected effects from US tariff measures. This revised forecast, included in the IMF's latest World Economic Outlook report, marks a 0.1 percentage point
Tariffs
India's economic growth story is expected to surpass earlier estimates, with the International Monetary Fund (IMF) projecting a 6.6% GDP growth rate for 2025-26, up 0.2 percentage points from the previous forecast. The upward revision is attributed to a strong first quarter, which offset the impact
Tariffs
Uncertainty over the economy and tariffs is causing U.S. retailers to hesitate on hiring seasonal workers, who typically pack orders, serve shoppers, and build holiday displays. Companies like American Christmas LLC and Radial are cutting back on staff, while others like Amazon Inc. are maintaining their hiring levels. Experts
Tariffs
As the Halloween countdown begins, market anxiety peaks with US President Donald Trump rekindling tariff fears. Global markets plummeted last week, with the Nasdaq and TSX experiencing their worst session since the April tariff tantrum. The impending US government shutdown looms, threatening to withhold crucial economic data, including consumer inflation,
Economic conditions
The US economy has experienced a strong rebound, with second-quarter growth upgraded to 3.8% from an initial estimate of 3.3%. Meanwhile, President Donald Trump has signed an executive order allowing TikTok to continue operating in the US under a qualified sale that meets national security concerns. Additionally, Starbucks
Economic growth
A breakout year for the Canadian stock market has many investors pondering the reasons behind its remarkable performance. Surprisingly, the answer may lie in the erratic policy-making of US President Donald Trump. Despite his best efforts to undermine the Canadian economy, the country's S&P/TSX Composite
Economic growth
The Philippine economy has demonstrated resilience, fueled by strong growth, easing inflation, and fiscal consolidation efforts under the Marcos administration. According to the Japan Credit Rating Agency (JCR), the country's economy is expected to sustain its momentum, posting a 5.7-percent gross domestic product (GDP) growth in 2024,
Bank of Canada
The Bank of Canada cut its policy rate by 25 basis points to 2.5 per cent, amid concerns of a possible recession due to a significant drop in exports and a contraction in gross domestic product. The economic downturn, fueled by tariffs and uncertainty related to tariffs, has led
Economic growth
The UK government has reiterated its commitment to driving innovation through increased public investment in research and development (R&D). By 2029-30, the government plans to allocate £22.6 billion towards R&D, supporting eight priority sectors identified in the Industrial Strategy. This strategic investment aims to enhance
Economic growth
Governor Josh Shapiro is committed to driving tourism and economic growth in Pennsylvania, with a proposed budget calling for $65 million in funding to prepare for America's 250th birthday in 2026. Under the Shapiro Administration, Pennsylvania's tourism industry has grown significantly, with a $7 billion increase
Economic growth
As the country observes National Construction Appreciation Week, a vital sector of the economy is receiving recognition for its significant contributions. The construction industry employs over 7.5 million Americans and contributes a staggering $1.8 trillion annually to the U.S. economy. Amidst the celebrations, industry leaders like Kevin
