Browsing: economic outlook

The global financial community continues to hold a highly optimistic view of the economic outlook for the United Arab Emirates. Recent macroeconomic analyses issued by the World Bank Group suggest that the country will see significant growth over the coming

– On Thursday, Egypt’s central bank decided to keep its key interest rates steady, continuing the policies in place since February. The Monetary Policy Committee maintained the overnight deposit rate at 19.00% and the overnight lending rate at 20.00%. The

– Central Bank of Egypt decided on August 20 to keep its key interest rates steady, marking the fourth consecutive meeting with no change in policy. The Monetary Policy Committee maintained the overnight deposit rate at 19% and the overnight

– The UK economy continues to avoid recession, although new forecasts indicate increasing pressure from global energy disruptions. EY increased its growth projection for 2026 to 0.9% from 0.8% in May and maintained its 2027 baseline at 1.2%. This forecast

The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued

SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of Korea’s Monetary

Mena Newswire, NEW DELHI: The United Nations has projected that India’s economic growth will moderate to 6.6 percent in 2026, easing from an estimated 7.4 percent in 2025, as higher trade tariffs imposed by the United States weigh on global

WASHINGTON: New filings for unemployment benefits in the United States rose last week, adding to evidence that momentum in the labour market has weakened towards the end of 2025 as hiring remains restrained and job creation shows little capacity to

WASHINGTON, December 4, 2025: The World Bank has projected that the United Arab Emirates’ economy will expand by 4.8 percent in 2025, driven by balanced growth across both oil and non-oil sectors. The forecast was released in the Gulf Economic

Consumer confidence in the United States declined for the fifth consecutive month in April, dropping to its lowest level since May 2020. The Conference Board reported that its Consumer Confidence Index fell by 7.9 points to 86, reflecting mounting concerns