According to a key European Central Bank survey released on Monday, the eurozone will avert a recession this year, and growth will improve considerably after petering out in the second quarter.   The effect from Russia's invasion of Ukraine has harmed the 19-country currency bloc, reducing...

Rising energy prices and heavy expenditures by EU members, according to Financial Times (FT) analysts, might push the European economy into recession. The European Central Bank (ECB) should boost its prime rate to combat inflation in the near future to avoid such effects. "Economic growth has...

According to the International Monetary Fund's (IMF) spokesman Gerry Rice, the global economy's growth forecast for 2022 will be lowered once more. "We decreased our projection in April. We cut it from 4.4 percent in 2022 to 3.6 percent now. There have been a lot of developments since then that...

According to a report by the United Nations Conference on Trade and Development (UNCTAD), the worldwide flow of foreign direct investment (FDI) may drop in 2022 as a result of the conflict in Ukraine and the coronavirus pandemic. Foreign direct investment reached $1.58 trillion last year, up 64%...

The World Bank has warned that nations around the globe are risking recession as the Ukraine crisis strains economies already strained by the Covid pandemic. Less developed nations in Europe and East Asia are facing a "major recession," according to the report.   The likelihood of high...

The prime minister of Sri Lanka says that the economic chaos hit island nation would require at least $5 billion over the next six months to pay for vital supplies amid the country facing its worst economic crisis in more than 70 years. Ranil Wickremesinghe informed...

Central banks bought 19.4 tons of gold in April, according to the World Gold Council. As a result, after selling precious metals in March, the world's central banks have resumed purchasing it. Then, on 9,4 tons, sales outpaced purchases. Uzbekistan was the top gold buyer in April, replenishing...

According to Reuters, Norwegian oil workers' unions plan to strike on June 12 if they cannot agree on a wage hike, which could result in a partial shutdown of oil production. Workers want salary increases that are higher than inflation. They are also asking other contract revisions, although the...

Amid the hoopla surrounding US Vice President Joe Biden's new Indo-Pacific strategy, China went unnoticed and conducted a high-level meeting on RCEP, the world's largest trade treaty.   It happened only days after the Biden administration unveiled the Indo-Pacific Economic Framework, or IPEF...