Economy

The International Monetary Fund (IMF) warned on Wednesday that global government debt is on track to reach levels not seen since the height of the Covid-19 pandemic. The great majority of the predicted debt increase over...

Ukraine’s economy contracted by 29.1 percent in 2022, the state statistics service said, as the country has been ravaged by Russia’s assault. By comparison, the pro-Western country’s gross domestic product grew 3.4 percent in 2021 prior...

Asian markets were mixed on Wednesday as traders jockeyed ahead of US inflation data that could play a key role in the Federal Reserve’s interest rate decision-making. While a healthy jobs report on Friday soothed worries...

The International Monetary Fund (IMF) forecasts that Bangladesh’s GDP would rise by 5.5 percent in fiscal year 2023 and by 6.5 percent the following fiscal year. The projection was released by the global lender in its...

The United Nations food agency’s world price index fell in March for a 12th consecutive month, and is now down 20.5% from a record high hit one year ago following Russia’s invasion of Ukraine. The Food...

Despite continued concerns about financial stability, central banks around the world should continue to fight inflation by raising interest rates, the chief of the International Monetary Fund told AFP on Thursday. Since last year, central banks...

Growing fears of a US recession weighed on equities Thursday as traders gear up for the release of key jobs data that could determine the Federal Reserve’s next interest rate decision. After a few weeks of...

The leaders of 11 Latin American nations, including its two biggest economies, Brazil and Mexico, announced on Wednesday a plan to work together to address rampant inflation. The initiative was unveiled after a virtual meeting convened...

The disbursement of $5.4 billion (or roughly €4.97 billion) to Argentina as part of a $44 billion loan program to the Latin American country struggling with a failing economy was authorized late on Friday by the...

Japan has committed to providing 165,319 million Japanese yen, equivalent to approximately $1.27 billion, to fund three major projects in Bangladesh. Specifically, 105,362 million Japanese yen (or $811 million) will be allocated to the second tranche...