Economic growth
Farmers are pleased to see more realistic prices for food, particularly beef, which is reflecting the true cost of producing a quality product. Despite concerns about rising costs, consumers are still buying beef, undermining claims that the industry has seen its best days. However, the beef sector is facing a
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
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
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
The National Bank of Tajikistan has welcomed the decision by SandP Global Ratings to reaffirm the country's sovereign credit rating at B/B with a 'stable' outlook. This move reflects Tajikistan's improved engagement with international partners, consistent economic growth, and rising foreign exchange reserves,
Economic growth
South African small and medium-sized enterprises (SMEs) have shown remarkable resilience in the face of ongoing challenges, contributing more than R5 trillion to the country's GDP and employing 11.4 million people. This sector is the backbone of South Africa's economy, driving innovation, creating jobs, and
Economic growth
Kenyan President William Ruto has reaffirmed his criticism of international financial institutions, stating that they hinder Africa's economic growth through unfair credit ratings. In his address at the 9th Tokyo International Conference on African Development (TICAD9), the President emphasized the need for a more inclusive and supportive global
Economic growth
African leaders are gathered at the 9th Tokyo International Conference on African Development (TICAD 9) to discuss the challenges faced by the continent due to the declining flow of Foreign Direct Investment (FDI). President Museveni has raised concerns over the trend, urging his fellow leaders to explore alternative ways of
Economic growth
Accelerating UK inflation has left a significant gap with Eurozone price growth, underscoring the challenging economic environment facing the Bank of England. The latest data from the Office for National Statistics shows that UK consumer prices rose by 3.8 per cent in the year to July, outpacing the Eurozone&
Economic growth
The State Bank of Vietnam (SBV) is taking steps to loosen monetary policy to stimulate economic growth, revising credit growth targets and encouraging interest rate cuts. However, experts warn that the stability of the foreign exchange rate plays a crucial role in determining the effectiveness of these measures. The Government
Economic growth
Indonesia's central bank has made a surprise decision to cut its key interest rate by 25 basis points to 5%, in an effort to bolster stability and growth. This move comes just days after President Prabowo Subianto touted the country's economy, which has shown an expectation-defying
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
