ADB cuts Asia Pacific 2026 growth forecast to 4.9%
MANILA, PHILIPPINES / MENA Newswire / – The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The...
Tag : economic outlook
Bank of Korea holds 2.5% rate and rolls out dot plot
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving...
Conference Board survey shows pervasive pessimism over U.S. economy
U.S. consumer confidence sinks to early pandemic levels as inflation and tariffs fuel recession fears among Americans....
US inflation persists as Trump’s tariff threats add economic concerns
Core inflation stayed at 2.8% in December, aligning with expectations but above the Fed’s target. Rising energy costs and tariff threats pose risks to price...
Political instability and budget fears weigh on French business outlook
French business confidence has dropped for the third straight month, hitting its lowest level since July as fiscal uncertainty and political instability impact hiring and...
ADB lowers South Korea’s 2025 growth forecast to 2 percent
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...
Inflation cools rapidly, paving the way for economic confidence in 2024
As the year 2023 drew to a close, many had anticipated it would be marked by economic turmoil and recession fears. However, it defied expectations...
U.S. economy faces a blend of challenges and optimism as 2024 approaches
As 2023 draws to a close, the U.S. economy, defying earlier recession forecasts, stands at a crossroads facing 2024 with cautious optimism mingled with uncertainty. Despite...
Post-holiday blues hit Hong Kong’s Chinese equities as economic concerns rise
Chinese stocks in Hong Kong faced a significant downturn as trading restarted after the holiday. This decline was influenced by an overarching risk-averse sentiment throughout...