Economic growth
The National Treasury in South Africa has published a discussion document outlining proposals for stabilizing the country's debt and improving public sector efficiency. The document, which focuses on addressing the impact of slow economic growth and persistent budget deficits, poses two broad reform options: a Numerical Fiscal Rule
Economic growth
The Indian government's recent reforms to the Goods and Services Tax (GST) regime aim to simplify the tax structure, reduce litigation, and enhance the ease of doing business. The reforms, which come into effect from September 22, 2025, reduce the number of tax slabs from four to three,
Economic growth
Brazil's long-term interest rates remain stubbornly high, hovering above 7% in real terms, despite the dollar's weakening and strong demand for the real. These elevated rates are a reflection of the ongoing uncertainty surrounding the country's public finances, which are further complicated by a
Economic growth
A recent study published in the journal Economies has highlighted the vulnerability of Peru's economic growth to external risks, particularly in the mining sector. Researchers from Universidad Privada del Norte analyzed the impact of traditional exports on the country's economic growth during the 2012-2023 period and
Economic growth
Croatian tourism, which has historically been a significant contributor to the country's economic growth, is showing signs of decline. According to Croatian National Bank Deputy Governor Sandra Svaljek, the number of overnight stays has stagnated in recent years, with other Mediterranean countries overtaking Croatia in the market. The
Economic growth
Economic growth in South Africa slowed to a 0.8% increase in the second quarter, sparking concerns about the consumer market. Despite this growth, economists warn that the environment for consumers remains subdued due to high interest rates, low economic growth, and rising inflation. The unemployment rate stands at 33%
Economic growth
The UK economy experienced zero growth in July, a stark decline from the 0.4% growth in June. This contraction in the manufacturing sector, which saw its biggest decline in a year, held back overall growth in the economy, with the services sector only growing 0.1% due to increases
Economic growth
The first half of 2025 saw the global economy face a complex picture of slowing growth and intensifying divergence, with developed economies experiencing weak growth due to trade protectionism and geopolitical conflicts. However, emerging markets and developing economies continued to drive growth, fueled by domestic demand, manufacturing industry growth, and
Economic growth
China's Belt and Road Initiative (BRI), launched in 2013, has been steadily transforming regional and global economic landscapes. In the first half of this year, construction contracts and diverse investments in BRI totaling $124 billion were higher than the $122-billion full-year figure in 2024, and hit an all-time
Economic growth
Morocco has been implementing policies aimed at promoting technological innovation and clean energy consumption, with a focus on aligning the country's economic and energy transition with the Sustainable Development Goals. A recent study conducted by researchers at the University Mohammed VI Polytechnic has examined the effects of these
Economic growth
A new study on environmental and sustainability indicators has found that technological innovation and cleaner energy consumption play a crucial role in driving economic growth and employment opportunities in the Middle East and North Africa (MENA) region. Using panel data from seven countries between 1990 and 2022, researchers from University
Economic growth
Global Container Terminals (GCT) has submitted a major project proposal to the Canadian government, highlighting the critical role of the DP4 project in strengthening the country's supply chains, driving private-sector investment, and securing its position as a global trade leader. The company is urging the government to place
