Economic growth
Taiwan's economic growth prospects have been revised downwards by Academia Sinica, a leading research institution in Taiwan, due to ongoing uncertainty in the global economic landscape. The forecast reduction comes as the Trump administration's potential tariffs have raised concerns about the impact on Taiwan's
Economic growth
Malaysia and Italy have expressed their commitment to promoting free trade and economic growth, highlighting the significance of peace and stability in achieving global progress. Prime Minister Datuk Seri Anwar Ibrahim emphasized Malaysia's key position within the Association of Southeast Asian Nations (Asean) and its consistent economic growth.
Economic development
The World Bank Board of Executive Directors has approved $360 million from the International Development Association for the Second Resilient Recovery Development Policy Financing operation in Ghana. This investment aims to provide macroeconomic stability and sustainable conditions for job growth in the country. Additionally, the operation seeks to improve energy
Economic development
The Ugandan government is set to showcase its export promotion strategies, tourism potential, and investment opportunities at the UK-Africa Business, Trade, and Investment Summit 2025 in London. Led by Internal Affairs State Minister Gen David Rubakuba Muhoozi, the delegation will highlight the country's ten-fold growth strategy, aiming to
Economic development
Amid an unstable external environment, Chinese President Xi Jinping emphasized the importance of advancing the building of a unified national market and promoting high-quality development of the marine economy. This strategic shift aims to create new growth poles, enhance China's resilience in global industrial chains, and drive endogenous
Economic growth
India's rapidly growing economy is on the cusp of surpassing the UK to become the fourth-largest economy in the world, with projections suggesting it will become the third-largest in the coming years. However, as the country's economic strength increases, so do the challenges it faces in
Economic growth
The African Development Bank (AfDB) has recently revised Nigeria's 2025 economic growth projection downward to 3.2%, due to rising macroeconomic uncertainty, sluggish policy reforms, and mounting fiscal pressures. This sharp cut from the previous 3.9% estimate reflects concerns over Nigeria's unstable investment climate, foreign
Financial services
Pakistan's economy has achieved remarkable progress in reducing default risk, outpacing other countries in the process. The nation's credit default swap (CDS)-implied probability of default declined significantly, from 59% to 47%, marking the largest reduction among emerging markets globally. This achievement is attributed to renewed
Economic growth
Vietnam's economic outlook remains heavily reliant on the outcome of trade negotiations and is constrained by the elevated global uncertainty surrounding trade policies and economic growth, according to an International Monetary Fund (IMF) team led by Paulo Medas. The IMF team concluded discussions for the 2025 Article IV
Economic growth
S&P Global Ratings has downgraded South Africa's economic growth forecast for 2025 following a subdued gross domestic product (GDP) print in the first quarter, expanding by a marginal 0.1% compared with the fourth quarter of 2024. This lackluster performance was attributed to negative gains in
Economic growth
The Philippine economy is expected to grow 5.9 percent this year, according to S&P Global Ratings, citing reduced global trade uncertainty and benign inflation. The upgraded forecast comes as the Bangko Sentral ng Pilipinas (BSP) gains space to resume monetary easing. S&P expects the BSP
Financial services
TruStage, a leading insurance and financial services provider, has announced the launch of a new retirement solution, the ZoneChoice Advantage Annuity, underwritten by MEMBERS Life Insurance Company. This new annuity offers two innovative crediting strategies, Boost and Dual Step, which aim to provide investors with the possibility of achieving positive
