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Growth of the world economy slowed in the second quarter of 2020, according to the World Bank, as the COVID-19 pandemic continues to disrupt businesses and economies around the world. Governments and central banks have responded with unprecedented measures to support the global economy, including interest rate cuts, liquidity injections, and emergency stimulus packages. As countries begin to reopen their economies, investors, economists, and policymakers are looking for signs of economic growth, both in the short and long term. Here you can find the latest news and analysis about global economic growth.
Following this week’s CPI data, which revealed that underlying price pressures in the US remained sticky in April, next week, traders will monitor the preliminary PMIs for May on Thursday, but they may also pay attention to speeches by several Fed members as they may want to hear whether the Committee remains concerned about economic growth or whether they are more focused on the inflation outlook now the US has found some common ground with China.
The National Bank of Rwanda (NBR) has maintained its Central Bank Rate (CBR) at 6.5 percent for the next three months, citing the need to keep inflation within the target range and support ongoing economic growth. The move, announced on Wednesday following a meeting of the Monetary Policy Committee (MPC), signals confidence in the country’s […]
HOUSEHOLD CONSUMPTION during the election period and state expenditures once the ban on spending on certain infrastructure projects is lifted are expected to cushion the effects of higher US tariffs on Philippine economic growth. “We project that the impact of US tariffs can be offset by election spending activities and lifting of the ban on […]
THE “TARIFF DIPLOMACY” of the United States with the rest of the world is causing upheavals in the global economy. Already, the International Monetary Fund (IMF) has cut its estimates for economic growth by half a percentage point from 3.3% to 2.8%. That is a very significant setback.
Britain and the EU have forged new agreements to enhance defence cooperation, streamline food trade, and ease border checks, marking a significant reset in post-Brexit relations. Prime Minister Keir Starmer semphasized that these deals aim to reduce red tape, stimulate economic growth, and strengthen security ties.