Economic growth
US Federal Reserve Chair Jerome Powell, speaking at the Senate Committee on Banking, Housing and Urban Affairs, stated that the central bank does not expect to face stagflation in the economy. However, he acknowledged the bank is monitoring the situation closely. Powell noted the central bank's dilemma in
Economic growth
M&T Bank, in partnership with the Frederick County Office of Economic Development, recently hosted a pitch competition for the Frederick Small Business Accelerator Program, aiming to equip entrepreneurs with the skills to build successful businesses and drive economic growth in the region. Michelle Bryan's company, Sweet
Economic growth
Chinese Premier Li Qiang expressed confidence in and capability of maintaining rapid economic growth, citing the country's sustained momentum despite heightened external shocks. China's GDP grew by 5.4 percent in the first quarter of 2025, with key economic indicators improving in the second quarter. Li
Economic growth
South Africa's ranking in the IMD World Competitiveness Rankings for 2025 highlights ongoing challenges with governance, infrastructure, and job creation. The country struggles with high unemployment, corruption, and poor government effectiveness. Infrastructure limitations and rising public debt levels exacerbate these challenges. Economist Dawie Roodt and other experts attribute
Economic growth
The OQX research, development, and innovation arm of OQ Group has marked a significant achievement with the graduation of its first cohort from its business accelerator programme. Thirteen startups showcased their innovative solutions to a panel of experts from Oman and abroad, reflecting a vision for a smarter, greener future.
Economic growth
Tensions in the Middle East following US airstrikes on Iran's nuclear sites may derail the Philippines' price stability gains and dampen economic growth, economists warn. The escalation of the conflict could lead to a spike in global oil prices, reducing recent gains in price stability. Higher fuel
Economic growth
According to the National Bank of the Republic of Macedonia, economic growth in the country is expected to reach three percent in the current year, with medium-term forecasts pointing to a growth of about four percent. The main driver of this growth will be investments, supported by a public infrastructure
Economic growth
Cabo Verde's economy has made notable strides in recent years, particularly in macroeconomic management, debt reduction, and poverty alleviation. According to the latest World Bank report, the country's economy continues on a strong recovery path, supported by robust tourism activity and a modest recovery in agriculture.
Economic growth
The Slovak central bank (NBS) has revised its forecast for the country's economic growth in 2023, citing rising concerns over the impact of the ongoing trade war. The NBS has downgraded its expectation from 1.9 percent to 1.2 percent, with concerns that the situation could worsen
Economic growth
The significance of women empowerment in Pakistan's economy cannot be overstated, with far-reaching implications on economic growth, development, and sustainability. At a summer internship orientation programme 2025, Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq emphasized the importance of ensuring empowered and equal opportunities for women,
Economic growth
China's southern technology hub, Shenzhen, is at the forefront of the country's efforts to cultivate a low-altitude economy through drone technology. For years, the government has provided strong support for drone production, and it is now seeking to apply these technologies in other sectors of the
Economic growth
The capital gains tax has been a contentious issue in tax policy, with virtually all economists agreeing that it hampers economic growth and job creation by increasing the burden on investors. This tax applies to the sale of capital assets, which can include homes, property, stocks, and bonds. The tax
