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...
Tag : economic outlook
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...
Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in November. Core inflation, which excludes volatile food and energy prices,...
French business confidence has declined for the third consecutive month in December, reaching its lowest level since July, according to the latest data from the National Institute of Statistics and Economic Studies (Insee). The Insee...
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 on Wednesday. The adjustment reflects a 0.3 percentage-point decrease from...
As the year 2023 drew to a close, many had anticipated it would be marked by economic turmoil and recession fears. However, it defied expectations and emerged as a year of remarkable resilience for the...
U.S. Treasury yields witnessed a rise as investors deliberated over the economic outlook and financial market trajectory for the upcoming year. As the year nears its end, the yield on the 10-year U.S. Treasury notes increased...
As 2023 draws to a close, the U.S. economy, defying earlier recession forecasts, stands at a crossroads facing 2024 with cautious optimism mingled with uncertainty. Despite looming recession predictions in early 2023, the U.S. economy remained...
Chinese stocks in Hong Kong faced a significant downturn as trading restarted after the holiday. This decline was influenced by an overarching risk-averse sentiment throughout the region and escalating concerns about China's economic prospects. The...