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
International trade
The world economy is facing a pivotal moment as escalating trade disputes and geopolitical tensions threaten to expose deep structural rifts, jeopardizing global stability. The Bank for International Settlements (BIS) has warned that the financial system is entering a "new era of uncertainty and volatility" in its annual
Financial markets
The threat of escalating tariffs in the US-China trade war has left farmers and businesses struggling to adapt to the ever-changing landscape. The recent 90-day pause on Donald Trump's reciprocal tariffs is set to expire next week, sparking fears of another economic crisis. The ABC's Four
International trade
As Ambassador Fei Shengchao addressed the China-Europe Business Summit in Belgium on June 27, 2025, he emphasized that globalization is an essential aspect of history and that China remains committed to openness and inclusiveness. China's stance on free trade and multilateralism has been instrumental in promoting the stable
Economic growth
Governor Gent Sejko of the Bank of Albania recently attended the constituency meeting of the International Monetary Fund (IMF) and World Bank Group (WBG) in Varese, Italy. The meeting focused on the global economy and the impact of trade restrictions on economic growth. Sejko presented an overview of Albania'
International trade
African Export-Import Bank (Afreximbank) has launched its flagship African Trade Report 2025, themed "African Trade in a Changing Global Financial Architecture". The report highlights the performance of Africa's trade in a challenging global environment characterized by rising geopolitical tensions, new trade barriers, and financial uncertainty. According
International trade
As the ongoing conflict between Israel and Iran intensifies, the Middle East has become a hotspot for geopolitical tensions, substantially disrupting global energy markets, international trade dynamics, and monetary policies. This has resulted in a surge in oil prices, unveiling significant inflationary pressures worldwide. Essential commodities, international trade routes, and
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,
International trade
The Commonwealth has the opportunity to leapfrog to a digital trade era, saving costs and unlocking economic potential for all 54 member states. By adopting electronic transferable records and enacting comprehensive legal reforms, the region could add nearly US$1.2 trillion in additional trade by 2026. According to new
Economic growth
The World Bank has significantly reduced its global economic growth forecast for 2025, warning of deepening vulnerabilities in the world economy. According to Ayhan Kose, deputy chief economist at the World Bank Group, policy uncertainty has reached its highest level ever, while geopolitical tensions are on the rise. This, combined
International trade
Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, has expressed deep concerns over the escalating conflict between Iran and Israel, warning that interference by major powers, including the United States, will further destabilize the region and global economy. Anwar emphasized the importance of promoting peace and calling for an
International trade
Malaysia's Defence Ministry is closely following the escalating tensions between Iran and Israel, which could have significant implications for regional security and national interests. The conflict has the potential to disrupt global supply chains, impact the world economy, and endanger the safety of Malaysians in the region. Defence
