Economic growth
Despite a rebound in gross domestic product, consumer spending remained weak, and economic growth softened in the first half of the year. The Commerce Department reported that GDP increased at a 3 percent annual rate in the second quarter, but this came after a 0.5 percent contraction in the
Economic growth
The UK government has announced its Plan for Growth, which includes a new £4bn finance boost to support small business owners and entrepreneurs. As part of this plan, legislative reforms will aim to tackle late payments, and a new Business Growth Service will be launched to provide businesses with access
Economic growth
Thailand's Fiscal Policy Office (FPO) has upgraded its economic growth forecast for this year to 2.2%, citing the assumption that US reciprocal tariffs will remain at lenient rates. This upgrade aligns with the International Monetary Fund's (IMF) global economic outlook, which projected global growth of
Economic growth
The U.S. Senate has passed a resolution urging the Federal Reserve to lower interest rates to stimulate economic growth and reduce financial strain on households. The resolution, submitted by Mr. Moreno, cites high interest rates as a barrier to affordable credit and economic expansion. It argues that lowering interest
Economic growth
The International Monetary Fund (IMF) has released its latest update of the World Economic Outlook (WEO), revealing a global economy struggling with resilience and uncertainty. Despite a tumultuous 2020, beginning with the COVID-19 pandemic and followed by the Russia-Ukraine conflict and the US-China trade tensions, the global economy has managed
Economic growth
As the US paused heightened tariffs for 90 days, the International Monetary Fund (IMF) has revised its global economic forecast, expecting a 3% growth rate this year, up from an initial projection of 2.8%. The growth momentum is expected to continue into 2026, with the economy projected to expand
Economic growth
The New Jersey Economic Development Authority (NJEDA) has announced financial support for the development and operation of the Statewide Hispanic Chamber of Commerce of New Jersey (SHCCNJ) Innovation Business Hub, housed at the New Jersey City University (NJCU) School of Business. This partnership aims to support entrepreneurship in the state,
Economic growth
The Nigerian Shippers' Council (NSC) has emphasized the importance of shipping and maritime trade in the country's economic growth and diversification strategy, as the nation seeks to shift from oil dependency and harness its vast maritime potential. Speaking at the 26th Annual General Meeting and Post AGM-Talk
Economic growth
The State Bank of Vietnam (SBV) has taken proactive and flexible measures to promote economic growth, control inflation, and maintain macroeconomic stability. By July 28, 2025, the country's credit growth was 9.64% higher compared to the end of 2024, with the SBV assigning credit growth targets to
Economic growth
In a major move to support Detroit's growing tech industry, city leaders have launched the $700,000 Detroit Startup Fund, designed to help local entrepreneurs scale their businesses and create jobs. The fund will award grants to 26 startups over the next year, with the potential to generate
Economic growth
The International Monetary Fund (IMF) has upgraded its global growth forecast, citing signs that Donald Trump's trade war will have less of an impact on the world economy than feared. The fund's updated World Economic Outlook shows that global growth is expected to be 3 per
Economic growth
Despite a rebound in the spring, gross domestic product growth in the US softened in the first half of the year due to tariffs and uncertainty, causing consumers to pull back on spending. The Commerce Department reported that GDP grew at a 3 percent annual rate in the second quarter,
