Tariffs
The World Bank has cut its forecasts for global growth, blaming Donald Trump's trade war and saying the 2020s are on course to be the weakest decade for the global economy since the 1960s. The bank's twice-yearly Global Economic Prospects report reduced its forecast for global
Economic growth
The Regional Comprehensive Economic Partnership (RCEP) agreement is advancing to a higher level, covering a broader scope and more inclusive development, which is expected to bolster economic growth in the Asia-Pacific region and help stabilize the global trade system. The mega trade pact, covering 30% of the world's
Economic growth
The global economic growth outlook has deteriorated significantly since the beginning of the year, amidst worsening international trade prospects, a broad-based weakening performance across developing and advanced economies. Initial optimism had pointed to stable economic growth, fueled by policy easing from major central banks, resilient US growth, and a cyclical
Tariffs
President Donald Trump's most ambitious policy plans have been halted once again, this time by an obscure but powerful court in New York. The judges, appointed by Trump, Obama, and Reagan, ruled that the 1977 law used by Trump to justify a series of import taxes is an
Tariffs
President Donald Trump's latest policy ambitions have been thwarted once again, as a New York court rejected the legal basis for his sweeping tariffs on Wednesday. The court's ruling, which cited a 1977 law, found that Trump exceeded his authority by declaring a national emergency to
Economic growth
The Regional Comprehensive Economic Partnership (RCEP) agreement is poised to play a significant role in bolstering economic growth in the Asia-Pacific region and helping stabilize the world trade system. The mega trade pact, covering 30 percent of the world's total population and economic output, is expected to promote
Economic growth
The World Economic Forum's latest Chief Economists Outlook highlights the risks posed by global trade tensions and examines the potential impact of Artificial Intelligence (AI) on economic growth. Fabien Curto Millet, Google's chief economist, shares his thoughts on the Outlook and the impact of GenAI, which
Tariffs
The International Monetary Fund has issued a warning about the potential impact of global trade tensions on the UK economy, citing US tariff plans that could reduce growth. However, the IMF has also upgraded its forecast for the UK economy due to a strong recent performance. Economists at the IMF
Tariffs
The International Monetary Fund (IMF) has upgraded its forecast for the UK economy, predicting 1.2 per cent growth this year, thanks to strong recent performance. However, the global body also warns that looming global trade tensions will impact UK economic growth next year, reducing it by 0.3 percentage
Tariffs
The International Monetary Fund (IMF) has upgraded its forecast for the UK economy, citing a strong recovery in recent months, with GDP (gross domestic product) set to increase by 1.2% this year. However, the IMF warned that global trade tensions will reduce UK economic growth next year, with a
Economic growth
The International Monetary Fund (IMF) has upgraded its forecast for the UK economy, citing strong growth in recent months. The global economics body now predicts that gross domestic product (GDP) will increase by 1.2% this year, up from its previous forecast of 1.1% growth. However, trade tensions linked
Economic growth
Dr Innocent Matshe, the Deputy Governor of the Reserve Bank of Zimbabwe (RBZ), expressed the bank's commitment to implementing stabilisation measures and the de-dollarisation roadmap in a bid to foster macroeconomic stability and sustainable growth. The RBZ has identified the mining industry as a critical sector in implementing
