global economy

The UAE is expected to achieve 3 percent economic growth in 2023 driven primarily by the non-oil sector, as outlined in a report by Standard and Poor’s. The analysis from the ratings agency forecasts a further expansion rate of 4 percent…
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“Substantive” reforms to the international financial system and global economic governance are necessary to bridge the gap between rich and poor countries, Tunisia’s foreign minister told the UN General Assembly on Saturday. Nabil Ammar…
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June 1 remains a "hard deadline" for raising the US debt ceiling, Treasury Secretary Janet Yellen said on Sunday, warning that unless the standoff with Republicans in Congress is resolved, the government would be unable to pay its bills…
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The Egyptian economy is expected to contribute around 1.7 percent to the growth of the global economy over the next five years, according to a Bloomberg calculation done on data released in the International Monetary Fund's World Economic…
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World Bank President David Malpass stressed that the impact of sanctions on global gross domestic product will be more severe than the impact of the situation in Ukraine on this output. Malpass said in a speech during a conference…
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The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the length and severity of the crisis, Moody's Investors Service said in a report. Europe's…
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Western countries rushed to threaten and impose "strong" sanctions against Russia, with some leaders acknowledging that they have repercussions that may harm the global economy, against the backdrop of Russia's recognition of the…
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