Economic growth
Nigeria's economic growth rate declined in July 2025, with the manufacturing sector recording the steepest decline. The Nigerian Economic Summit Group (NESG) attributed the slowdown to high interest rates, insecurity, and insufficient power supply, which weakened operational stability and business profitability. Despite a general deceleration across various sectors,
Economic growth
Pakistan's economy is facing an unprecedented crisis, marked by rising poverty and unemployment. According to Shahid Rasheed Butt, a notable business leader, the country's economy is struggling with low growth and high inflation, resulting in alarming poverty levels. Official data reveals that the unemployment rate has
Economic growth
The Shadow Monetary Policy Committee (SMPC), a group of independent economists, voted to cut the Bank rate from 4.25% to 4% in its third quarterly hybrid meeting of 2025, citing weakening economic growth and rising unemployment. The majority of the committee, with a four-to-three vote, agreed that easing monetary
Economic growth
The Luzon International Container Terminal (LICT) is expected to be operational by early 2028, bringing significant economic growth and job opportunities to Calabarzon, according to Transportation Secretary Vince Dizon. The terminal is a key project aimed at promoting trade in regional areas and enhancing the country's supply chain,
Economic growth
As President Trump declared the country was in a Golden Age, the US commerce department announced that inflation had ticked up to 2.6%, while unemployment rose to 4.2% in July, and the US lost 258,000 fewer jobs than previously reported. The economic data shattered expectations, giving the
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
The Washington region's economy is beginning to experience the disproportionate impacts of federal budget cuts, with signs of strain emerging across key sectors that once helped prop up the region. Unemployment claims are surging, contractor work is shrinking, and local consumer spending is declining. The Trump administration'
Economic growth
The Federal Open Market Committee (FOMC) has voted to maintain the interest rate at 4-1/4 to 4-1/2 percent, citing indications that economic growth has moderated in the first half of the year and uncertainty remains elevated. This decision comes as the Atlanta Fed's business contacts throughout
Economic growth
As Nigeria's micro, small, and medium enterprises (MSMEs) contribute over 48 percent to the country's Gross Domestic Product (GDP), ICIT Solutions, a Microsoft partner, emphasizes the need for increased investment in Artificial Intelligence (AI) to accelerate transformation. With the global economy shifting rapidly towards AI integration,
Economic growth
The Philippine Statistics Authority (PSA) is set to release official July inflation data, which is expected to show a slowdown in headline inflation to as low as one percent, driven by base effects and moderating food prices. This would be the fifth straight month that inflation stays below the Bangko
Economic growth
Ukraine's manufacturing sector, once similar to the US economy, has experienced a "troubling decline in business dynamism" over the last 11 years, according to a new study. The report, published by economists at the World Bank and the University of Chicago, captures almost all companies in
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.
