UN flags global economy operating near stagnation
NEW YORK: The global economy is experiencing a period of subdued economic performance marked by weak momentum and limited expansion, according to the latest assessment by the United...
Tag : economic slowdown
US crude stockpile surge and OPEC+ supply hike push Brent down 3%
Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on...
Economic slowdown in China fuels calls for stronger fiscal measures
China’s economic activity unexpectedly contracted in January 2025, marking a challenging start to the year for the world’s second-largest economy. Official data from the National...
Germany’s economic activity sees persistent decline amid weak manufacturing
Germany's economic contraction persisted in December, marking the sixth consecutive month of declining business activity, according to the HCOB German flash composite Purchasing Managers' Index...
Retailers warn of job losses following new UK budget tax hikes
The United Kingdom's retail sector is facing significant challenges following recent budget announcements, with increased financial pressures and a rise in insolvencies among retailers. The...
ADB lowers South Korea’s 2025 growth forecast to 2 percent
The Asian Development Bank (ADB) has revised South Korea's 2025 economic growth forecast downward to 2 percent, according to an announcement by Seoul's finance ministry...
Economic downturn hits China’s global standing
Despite meeting its 2023 growth target with a 5.2% increase in real GDP, China has encountered a notable economic setback. For the first time in...