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 Nations. The organisation said current conditions reflect an environment in...
Tag : economic slowdown
Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and the OPEC+ decision to increase production....
China’s manufacturing sector faces renewed contraction, as PMI data underscores weak domestic demand, global trade risks, and calls for stronger stimulus in 2025....
Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector....
UK retailers face rising costs and insolvencies following budget changes, with calls for urgent support to counter weak sales and economic uncertainty....
The ADB lowered South Korea's 2025 growth forecast to 2%, citing a semiconductor slump despite rate cuts and policies. The projection aligns with IMF and OECD estimates....
China meets its 5.2% 2023 growth target, but sees a first-in-30-years drop in dollar-denominated GDP, signaling economic slowdown....