Economic growth
In a recent conference in Hanoi, the State Bank of Vietnam (SBV) gathered with commercial banks and associations to discuss implementing solutions to stabilize deposit interest rates and reduce loan interest rates. The discussion aimed to support the government's 2025 economic growth target of over 8%. Deputy Governor
Economic growth
The Confederation of Zimbabwe Retailers (CZR) has praised the 2025 Mid-Term Fiscal Policy Statement, hailing it as timely interventions to revitalize the retail and wholesale sector. The CZR President, Mr. Denford Mutashu, commended Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube for initiatives aimed at strengthening the sector&
Economic growth
As the International Monetary Fund (IMF) updated its World Economic Outlook, it significantly raised its 2025 forecast for China's economic growth to 4.8% from 4%, a 0.8 percentage point increase based on the strong performance of the Chinese economy in the first half of the year.
Economic conditions
US President Donald Trump's aggressive tariff regime, dubbed the "Trump Round" of trade talks, has led to significant victories for the US, with many countries signing agreements on Trump's terms. However, India finds itself alongside Brazil, Burma, and Switzerland facing steep US tariffs. This
Economic growth
The Taiwanese government has warned of economic uncertainty due to global trade and geopolitical risks, despite projected economic growth of 2.4% this year, according to a July 15 forecast from international forecaster S&P Global. The domestic economy has seen strong demand for emerging technologies, driving export orders
Economic growth
Nigeria, Africa's largest economy, has seen its economic growth projection for 2025 upgraded to 3.4 percent by the International Monetary Fund (IMF). This improvement reflects Nigeria's performance in oil production and the services sector. The new forecast is a significant rise from the April 2025
Economic development
The African Development Bank's 2025 Country Focus Report for Burkina Faso highlights the country's resilient economy despite persistent security, humanitarian, and climate-related challenges. The report, launched on July 18, 2025, in Ouagadougou, emphasizes the need for the country to harness its human, natural, and financial capital
Economic development
The Port of Cape Town is a microcosm of Transnet's complex recovery efforts, marked by a mix of successes and challenges. This state-owned freight logistics company is crucial to South Africa's economic survival, yet it has faced years of underinvestment, operational decline, and management chaos. Despite
Economic growth
Thailand's Fiscal Policy Office (FPO) has upgraded its economic growth forecast for this year to 2.2%, citing the assumption that US reciprocal tariffs will remain at lenient rates. This upgrade aligns with the International Monetary Fund's (IMF) global economic outlook, which projected global growth of
Economic growth
Global economic growth is predicted to be stronger than previously forecasted, with the International Monetary Fund (IMF) projecting a 3% growth rate in 2025 and 3.1% in 2026. This upgrades the previous forecast of 2.8% and 3% respectively in the April report. The upgrade is attributed to a
Economic development
Irrigated Agriculture Hubs, launched by the Ministry of Integration and Regional Development (MIDR), have brought significant benefits to rural areas in Brazil. The hubs aim to optimize water use, enabling the cultivation of crops in regions with limited water availability. As of this year, there are 18 hubs established throughout
Economic development
Haikou, a city located on the island province of Hainan in southern China, has experienced a remarkable surge in economic development during the first half of the year. According to official statistics, the city's GDP reached 108.085 billion yuan, a year-on-year increase of 5.4%. This achievement
