Economy

Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said. Moves...

Bangladesh has requested US$1.5 billion from the International Monetary Fund (IMF) as part of a US$4.5 billion loan assistance package in the first round of the country’s application to address the consequences of climate change and...

US inflation is expected to have eased slightly in July, taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections....

The Philippines’ economic growth slowed in the second quarter, officials said on Tuesday, as they warned that surging inflation and the coronavirus pandemic would weigh on the outlook for the rest of the year. Gross domestic...

An AFP reporter at the crossing claimed that fuel tankers entered Gaza on Monday as a cease-fire between Israel and Islamic Jihad militants in the Palestinian territory, negotiated by Egypt, held. The trucks arrived in southern...

As Bangladesh and the World Bank celebrate their 50-year cooperation, the World Bank has opened a competition for young people seeking ideas for climate-smart growth. All Bangladeshi undergraduate and graduate students are eligible to enter the...

China’s exports rose unexpectedly in July despite weakening global demand but imports remained low as lingering Covid controls kept consumers jittery, official data showed Sunday. In July, exports rose 18 percent on-year, up from 17.9 percent...

The Bank of England has warned the UK will fall into recession as it raised interest rates by the most in 27 years. The economy is forecast to shrink in the last three months of this...

Indonesia’s economic growth accelerated in the second quarter of 2022 despite global uncertainty, official data showed Friday, thanks to soaring commodity prices and easing Covid-19 restrictions. Southeast Asia’s largest economy expanded 5.44 percent on-year in April-June,...

Canada once again posted a merchandise trade surplus in June, thanks in part to a sixth consecutive month of rising exports, Statistics Canada reported on Thursday. Total merchandise exports were up 2 percent to Can$69.9 billion...