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The bank’s latest Global Economics Prospects report, which comes out in January and June, did offer some good news. Global inflation, which was running over 8% two years ago, is expected to slow ...
The World Trade Organization chief said on Thursday that any tit-for-tat trade wars would have catastrophic consequences for global growth in a debate where U.S. President Donald Trump's tariff ...
Trump announced 25% tariffs on Mexican and Canadian goods, impacting currencies. The Canadian dollar, Mexican peso, and Euro could fall further due to reliance on US trade.
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
The IMF predicted in a recent report that US gross domestic product (GDP) could fall by 0.4% in 2025 and by 0.6% in 2026 if a "sizable swath" of global trade is hit with tariffs by mid-2025.
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Some of the largest increases were for electricity, natural gas, and gasoline. The economy was further strained by a currency crisis caused by a series of rate cuts by the central bank; the Turkish lira lost 44% of its value against the dollar in 2021. [132] By August 2022, Turkey's inflation rate was 80.21%. [133]