Economic growth
The future of Africa's economy depends on empowering its cities and regions, rather than relying solely on national governments, said Prof Benedict Oramah, President and Chairman of the African Export-Import Bank (Afreximbank). In a speech at the 5th African Sub-Sovereign Governments Network (AfSNET) Business Engagement Programme, Prof Oramah
Economic growth
Vietnam's economic growth demonstrates resilience in the face of ongoing global challenges, with the country's GDP expanding by 7.5% in the first half of 2025. This growth rate is significantly higher than its regional peers, reflecting the country's strong momentum and its position
Economic growth
The global economy has shown a remarkable degree of resilience in the face of higher US tariff rates, according to QNB. Initially, the tariff announcements sparked a sharp downturn in growth expectations, with some forecasting a world recession. However, as more moderate and pragmatic trade agreements were reached, asset prices
Economic growth
The outlook for the global economy remains positive despite trade disruptions, with the Qatar National Bank (QNB) noting that the world economy will largely remain resilient in the face of uncertainty and turbulence in global trade flows. The bank's report highlighted several factors supporting this optimism, including interest
Exports
The latest British Chambers of Commerce (BCC) economic forecast has upgraded growth expectations for 2025, but overall, the outlook remains subdued. The forecast shows that GDP growth in 2025 has been revised up to 1.3%, while business investment is expected to grow by only 1.6% this year and
Exports
Pakistan's trade deficit has shown a significant increase, rising by 30% in August 2025 to $2.87 billion. This sharp rise is attributed to a decline in exports and an increase in imports, highlighting the need for the government to address these trends quickly. The deficit has also
Economic growth
Pakistan's Finance Minister Muhammad Aurangzeb emphasized the country's commitment to strengthening capital markets and diversifying financial options during a meeting with Hongta Securities Chairman Jing Feng in Beijing. The meeting highlighted Pakistan's efforts to deepen engagement with Chinese and global institutional investors as part
Economic growth
Zimbabwe is endowed with critical mineral resources such as lithium, gold, platinum, chrome, and diamonds, representing a strategic opportunity to drive sustainable economic growth, industrialization, and job creation. However, the country remains economically underdeveloped, highlighting a fundamental issue in the governance of mineral resources. The Government's recent classification
Economic growth
Mexico's economy, expected to grow by 0.1% annually in July, experienced a month-over-month decline of 0.1%, according to preliminary data from the national statistics agency INEGI. This marks the second contraction of the year, following a 0.2% decrease in March. The industrial sector, a key
Economic growth
Finance Minister Zbynek Stanjura presented the government with a new economic forecast, revising the 2023 growth rate to 2.1% from the previous 2% estimate. The government is also planning for a 2% growth rate in 2024. Meanwhile, President Petr Pavel signed several key bills into law, including those related
Economic growth
The rubber industry in Liberia has been a cornerstone of the nation's economy, with thousands of Liberians relying on it for their livelihoods. However, the industry is facing numerous challenges, including reliance on multinational corporations, fluctuating global rubber prices, environmental concerns, and the impacts of climate change. President
Economic growth
Zimbabwe is implementing a novel agricultural sector transformation plan, designed to amplify food security and stimulate economic development. The "Zimbabwe Legacy Program" follows the government's Vision 2030, which emphasizes a thriving, eclectic, and sustainable agricultural sector. With agriculture accounting for 11-14% of the country's
