Economic

Global Economic Forecasts Revised Downward: Eurozone, UK, and Japan

The global economy is facing significant challenges, with several major economies experiencing downward revisions to their growth forecasts. The eurozone's growth forecast has been...

Tariff Revenue Projections: A 10% vs 20% Across-the-Board Tariff

Washington  The Peterson Institute has released a study analyzing the potential revenue generated by implementing a 10% and 20% across-the-board tariff on all imports. According...

US Manufacturing Sector Sees Steady Growth, though the GDP Declines

Washington  The US manufacturing sector has experienced steady growth in recent years, with value-added increasing consistently. However, despite this growth, the sector's share of GDP...

US Economy Experiences Decline in Real GDP in First Quarter

The US economy experienced a decline in real GDP in the first quarter, according to recent data. The decline was largely attributed to a...

IMF Downgrades Global Economic Growth Forecast Amid Rising Trade Tensions

The International Monetary Fund (IMF) has revised its forecast for global economic growth downward, citing escalating trade tensions and rising tariffs as key factors...

Iraq to Record 5% Non-Oil GDP Growth in 2024

Baghdad Iraqi Finance Minister Taif Sami announced today (Monday) that the Iraqi economy will record 5% non-oil GDP growth in 2024. The Iraqi News Agency (INA)...

The European Bank for Reconstruction and Development has invested more than €13.8 billion in the Egypt

The European Bank for Reconstruction and Development has invested more than €13.8 billion in the Egyptian economy since 2012 Cairo Rania Al-Mashat, Egypt's Minister of Planning,...

Gold Prices Decline Amid Dollar Strength and Rising Yields

Gold prices slipped today, trading near $3,230 per troy ounce, as the US dollar rebounded and Treasury yields climbed, exerting downward pressure on the...

OPEC+ Agrees to Accelerate Oil Output Hike for June

OPEC+ Moves Forward with Oil Production Increase Despite Market Uncertainty In a bold move, OPEC+ has decided to increase oil production by 411,000 barrels per...

Lucara Diamond Corp. Announces Strategic Shift in Karowe Underground Project Management

Lucara Diamond Corp. has unveiled a major restructuring in the management of its Karowe underground project (UGP) in Botswana, marking a pivotal shift aimed...

Popular