Economic growth
Bulgaria's economic growth forecasts have been revised upward by the International Monetary Fund (IMF), with the country expected to experience growth of 3% in 2025 and 3.1% in 2026, compared to 2.8% in 2024. According to Bulgarian National Bank (BNB) Governor Dimitar Radev, domestic factors such
Economic growth
Shadow Chancellor Sir Mel Stride recently traveled to Cannington, Somerset, to engage with residents and business owners about the pressing economic concerns in the region. He was welcomed by Sir Ashley Fox, the Conservative MP for Bridgwater, who facilitated the meeting. During the visit, Sir Mel discussed the Conservative Party&
Economic growth
Minister of Finance, H E Ali bin Ahmed Al Kuwari, attended the meeting of Finance Ministers, Central Bank Governors, and Heads of Regional Financial Institutions from the Middle East, North Africa, Afghanistan, and Pakistan, chaired by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). The meeting discussed strategic
Economic growth
The ongoing government shutdown has severe economic consequences, according to the nonpartisan Congressional Budget Office (CBO). House Budget Chairman Jodey Arrington (R-Texas) released a statement highlighting the CBO's concerns, stating that the shutdown is increasing unemployment, reducing consumer spending, and diminishing private-sector income. The CBO warns that the
Economic growth
The International Monetary Fund (IMF) is predicting a slight increase in the South Korean economy's growth due to lower domestic political uncertainty and policy support. The organization's World Economic Outlook, published on Tuesday, slightly raised its growth projection for South Korea to 0.9 percent for
Economic growth
Indonesia's trade minister, Budi Santoso, has stressed the importance of strengthening the country's export sector to support broader economic growth. This comes after the International Monetary Fund (IMF) revised its projection for Indonesia's economic growth to 4.9 percent in both 2025 and 2026.
Economic growth
Every Nobel Prize in Economics tells a story about how we understand prosperity, and this year's winners - Joel Mokyr, Philippe Aghion, and Peter Howitt - have been honored for explaining how knowledge powers economic growth and how economies renew themselves through creative destruction. Their research offers timely
Economic growth
Abebe Selassie, director of the African Department at the International Monetary Fund (IMF), presented the October Regional Economic Outlook for sub-Saharan Africa at a news briefing on October 16, 2025. Selassie announced that the region's economic growth is projected to hold steady at 4.1% in 2025, despite
Economic growth
European equities are set to open lower, with investors awaiting the release of eurozone trade balance data and UK economic growth figures. The US Federal Reserve's Beige Book suggested little change in economic growth in October, but the outlook for future growth is uncertain, with mixed prospects across
Economic growth
The International Monetary Fund (IMF) projects the Philippines to maintain a moderate economic growth pace over the next two years, despite external headwinds and weaker global trade. The country's current account deficit is expected to narrow to 3.8 percent of GDP in 2025 and 3.5 percent
Economic growth
The Nobel Prize in Economic Sciences for 2025 has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking work on innovation-driven economic growth. Their research enlightens us on how knowledge, technology, and competition shape long-term prosperity, and why innovation must be nurtured for growth to continue.
Economic growth
The International Monetary Fund (IMF) has increased its 2025 growth forecast for Saudi Arabia, citing improvements in the non-oil manufacturing sector and the Kingdom's continued participation in gradual OPEC+ production cuts. Saudi Arabia's economy has demonstrated strong resilience to shocks, with non-oil economic activities expanding, inflation
