Browsing: Global Economy

RIYADH: The Arab region’s role in developing the global economy is rapidly increasing as the world witnesses significant changes, said the head of the International Monetary Fund. 

The shipping disruptions are pressuring prices but not to the point that inflation projections should be hiked, Kristalina Georgieva says

With traders now resigned to fewer rate cuts this year, they are also focusing on readings showing that US growth remained on track and jobs were still being created, all as inflation came down

Despite the relatively buoyant consensus, recent developments suggest that the risks to global growth are still tilted to the downside

RIYADH: The global merger and acquisition market witnessed a 15 percent drop year-on-year to $3.2 trillion in 2023, marking its lowest level in a decade, according to recent findings.

The IMF forecast global growth of 3.1 percent in 2024, up two-tenths of a percentage point from its October forecast

More frequent extreme weather events added to the mix means Europe needs to pull together “as never before” to face the challenges

The assumption that China will eventually overtake the US as the world’s largest economy now seems less certain, Eswar Prasad has said

LONDON: The UN food agency’s world price index ended last year about 10 percent below its 2022, with values in December also down from the previous month, helping further ease concerns over global food price inflation, according to Reuters.

Soaring interest rates and the end of Covid subsidies have had a big impact on businesses, the outlet reports