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...
Tariffs & US: The US will impose tariffs on foreign-made cars starting on April 2, US President Donald Trump said. One institute has said the tariffs could raise the price of a car in the...
International Monetary Fund (IMF) head Kristalina Georgieva tells DW that Africa needs greater representation in the global lending body. Kristalina Georgieva, managing director of the International Monetary Fund (IMF), spoke to DW during the Hamburg Sustainability...
For years, Chinese industrial orders helped create and support thousands of well-paid jobs in Germany. But the Asian giant’s economic slowdown has led to lower demand for German goods and dampened growth prospects. The German economy has...
High youth joblessness and soaring prices, among other problems, fueled the mass student-led demonstrations that ousted Sheikh Hasina’s government. Bangladesh was thrust into the global spotlight this week after large-scale, violent unrest forced the country’s long-time premier, Sheikh...
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...
Ahead of Taiwan’s election, economic concerns are driving voters to the polls more than tensions with China. With a downturn in industrial production and an aging population, Taiwan needs a new economic model. Taiwan’s economy,...
The Israel Hamas war has sent shockwaves across the world and the rapidly evolving conflict is being closely watched by global leaders. Tensions started when Hamas attacked Israel with over 5000 rockets from Gaza, a...
Consumers’ minds matter. A consumer sentiment index measures the degree to which individuals feel optimistic about their ability to make purchases in the near future. When assessing the economy as a whole and an individual’s...
The agreement should be viewed as a stopgap measure that gives Pakistan time and some resources needed to pull its economy back from the verge of default, say experts. Irfan Ali, a 22-year-old resident of...
