Global Economy

• Bank of England slashes growth hopes for British economy in 2025

  The Bank of England lowered its main interest rate by a quarter of a percentage point to 4.50 per cent, taking it to its lowest level since mid-2023.

  Economy

  Feb 7
  
• Slowing Germany drags down Europe’s economy as U.S. tops expectations

  Preliminary figures for how Canada's economy fared in the second quarter of the year are due out on Wednesday.

  Economy

  Jul 30, 2024
  
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• Global debt hit record US$97T last year, 30% owed by developing nations: UN

  In a report released Tuesday, the United Nations said that high interest payments are outstripping growth in essential public spending around the world.

  World

  Jun 4, 2024
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• Global trade forecast for 2024 ‘highly uncertain’ after 5% contraction in 2023: UN body

  Global trade is set to contract by five per cent in 2023 compared to last year, the United Nations trade body said on Monday, with an overall pessimistic forecast for 2024.

  World

  Dec 11, 2023
• ‘Too early to tell’ what economic impact of Israel-Hamas conflict will be: Macklem

  Bank of Canada Governor Tiff Macklem says the central bank will be deciding whether to exert patience at its next rate meeting or hike rates further.

  Economy

  Oct 13, 2023
• Risk of ‘hard landing’ for global economy has ‘risen sharply,’ IMF warns

  The IMF has dimmed its outlook for the world economy this year amid high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.

  Economy

  Apr 11, 2023
• World Bank raises 2023 growth outlook but warns on banking turmoil, oil prices

  World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward.

  Economy

  Apr 10, 2023
• Global economic outlook has improved but recovery fragile, OECD says

  The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD said on Friday.

  Economy

  Mar 17, 2023
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• IMF projects rosier global economic outlook for 2023, expects inflation to ease

  The International Monetary Fund now expects the world economy to grow 2.9 per cent this year thanks to China dropping its zero-tolerance COVID-19 measures.

  Economy

  Jan 30, 2023
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• Global economic growth will slow to 1.9% in 2023: UN

  For the world's least developed countries, the U.N. said growth is projected at 4.4% this year, about the same as last year but significantly below the UN's target of 7% by 2030.

  Economy

  Jan 25, 2023