Economic growth
In a significant move towards inclusive economic growth and revitalization of the entrepreneurial ecosystem in Kaduna State, the government has signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). The MoU, signed by Governor Uba Sani and SMEDAN Director-General Mr. Charles Odii,
Economic growth
The combined GDP of the Organization of Turkic States (OTS) member and observer states reached $593.8 billion in the first quarter of 2025, accounting for 2.1% of the global economy. This significant growth outpaced the World Bank's estimated global average growth rate of 2.3% for
Economic growth
The global economy is expected to experience the slowest growth in 2025 outside of a recession since 2008, according to the World Bank's Global Economic Prospects report. While the global output is predicted to increase by 2.3% in 2025, this is a reduction of 0.5 percentage
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
Economic growth
The Canadian economy experienced a slight contraction in April, marking the first full month of US tariffs on various sectors, including steel, aluminum, and automotive industries. Despite the decline, Statistics Canada's advance estimate for May pointed to a similar drop, leaving the country's economic growth on
Economic growth
The Kaduna State Government has taken a significant step towards driving inclusive economic growth by signing a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). The partnership, formalised by Senator Uba Sani, Governor of Kaduna State, and Mr. Charles Odii, Director General/Chief
Economic growth
Uzbekistan's economic growth, which averaged 4.2% annual per capita rate between 2010 and 2022, has largely depended on capital investment, but has recently began to generate stronger employment growth, particularly in 2023 and 2024. To reach upper-middle-income status by 2030, the country must accelerate its economic growth
Economic growth
Latin American insurer ratings are likely to remain stable, despite concerns over the potential impact of slower economic growth resulting from the ongoing trade war, according to Fitch Ratings. While Mexico will be the most affected region, other countries in Latin America may also experience lower economic growth and weaker
Economic growth
Micro, Small, and Medium Enterprises (MSMEs) play a vital role in driving inclusive economic growth and sustainable development in Ghana. According to Adwoa Afriyie Wiafe, Chief Corporate Services and Sustainability Officer at MTN Ghana, these enterprises face significant challenges, including limited resources and overburdened capacities. Despite their contribution to employment,
Economic growth
Sri Lanka's economy has begun to stabilize after facing one of its most severe crises since independence, with significant reforms under the International Monetary Fund's Extended Fund Facility (EFF) helping to limit the total contraction in GDP to 9.5% between 2021 and 2023. The country
Economic growth
Indonesia's economy continues to perform well despite global uncertainty and volatility, according to QNB's latest report. The country's strong domestic consumption, expansionary monetary policies, and ongoing infrastructure and capital spending projects are the key drivers contributing to its stable growth. The Indonesian economy has
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
