Due to China's troubled real estate market and the region's ongoing high interest rate environment, the Asian Development Bank lowered its regional growth prediction for 2023 to 4.7%.   This represents a small reduction from the bank's earlier forecast of a 4.8% expansion.   “The...

Inflation in the UK unexpectedly fell to 6.7% in August, which was below estimates and strengthened wagers on the Bank of England pausing interest rate increases on Thursday.   The headline consumer price index (CPI) increased by 0.3% on a monthly basis.   According to economists...

According to Russian customs data examined by Reuters, at least $14.3 million worth of coal generated in regions of Ukraine that Russia has annexed has been transferred to NATO member Turkey this year.   The statistics showed that between February and July 2023, around 160,400 tonnes of coal...

According to sources cited by the Financial Times, the People's Bank of China (PBOC), the nation's central bank, has relaxed temporary limits on gold imports placed on some financial institutions to support the yuan. The sources claim that the central bank first loosened the informal limitations...

Officials from the US Federal Reserve, who have hesitantly accepted the idea that they might be able to stop inflation without a recession, will meet this week with new dangers to that best-case scenario in the form of an autoworkers strike, a potential government shutdown, and consumer debt...

Due to encouraging information on the state of the Chinese economy, stock indices of the biggest Western European nations ended trading on Friday with gains. Stoxx Europe 600, the composite index of the biggest European companies, rose 0.2% for the day to reach 461.93 points. German index DAX...

August saw stronger increases in manufacturing output and retail sales in China, but falling investment in the crisis-hit real estate sector threatens to undermine a flurry of support measures that are beginning to stabilise certain aspects of the shaky economy.   Given the continued...

The CEO of shipping giant Maersk claims that there are early signs of a recovery in world trade.   “Barring any negative surprises, we would hope for a slow pickup as we get into 2024, a pickup that will not be a boom like what we have known in the past few years, but certainly ... a demand...

The 2024 estimate was downgraded to 1.9%. International rating agency Fitch revised up the forecast for the global GDP growth for 2023 from 2.4% to 2.5%. The forecast for global economic growth in 2024 has also declined, from 2.1% to 1.9%. The most recent Global Economic Outlook stated that...