Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a raft of reforms by President Bola Tinubu’s government. Nigeria’s gross domestic product (GDP) grew by 3.4% in...
US growth has dipped by an unforeseen 0.3% in the first three months of Donald Trump’s presidency, according to initial data. Stocks fell in reaction to the news. The US Commerce Department on Wednesday said the...
China’s ambition to be the world’s largest economy has been dented by COVID-19, the real estate crisis and an aging population. Boosting growth will be top of mind as Communist Party officials prepare to meet...
As China struggles with multiple economic challenges, Premier Li Qiang told the National People’s Congress that Beijing will aim to keep growth at around 5% per year. But many analysts warn this might be too...
The IMF has said global economic growth is on track to increase somewhat more than expected. However, overall growth in 2023 remains stunted in advanced economies, and Germany’s growth is expected to contract. The International Monetary...
Three decades after China enshrined the goal of a “socialist market economy” in its constitution, the era of “reform and opening up” appears to have ended, say experts. Thirty years ago, on March 29, 1993, China formally...
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be “teetering on the edge of global recession.” In...
The other day when my colleague discussed her article on the scarcity of one’s own space due to work from home situation, I started thinking about what could be an alternate option. Work from home...
The dimmer outlook reflects faltering growth in the world’s largest economies, the United States and China. Signaling tough times ahead for households and policymakers, the IMF expects elevated price levels to persist. The global economy...
The European Commission sees a healthy dose of growth from this summer on, but some member states have seen their economic forecasts slashed. The European Commission announced their cautiously optimistic interim economic forecasts on Thursday, predicting a...
Set up in 1942, the Asian Paints group is the largest paint manufacturer in India. About 80% of its revenue comes from decorative paints and the remaining from industrial paints and overseas operations. The Bottom...
While it is impossible to predict when a panic will occur and how long it will last, I hope this week’s price movements have not come as a complete surprise to you. Some, however, are...
