Economy News

Economy

OPEC Holds Steady: Global Economic Growth Forecast for 2025 Remains at 3.1%

OPEC maintains its global economic growth forecast for 2025 at 3.1%, with similar projections for 2026. The United States, Eurozone, and China are expected to see steady growth, de...

Economy

Bank of Canada Slashes Interest Rates Amid Trade Tensions: A Bold Move to 2.75%

The Bank of Canada reduces its interest rate to 2.75% in response to trade tensions and tariffs from the US, aiming to mitigate economic slowdown and inflationary pressures. This d...

Economy

Bank of Canada Slashes Interest Rates Amid Rising Trade Tensions

The Bank of Canada has cut its interest rate by 25 basis points to 2.75% in response to heightened trade tensions with the United States, which are expected to slow economic growth...

Economy

Canada Strikes Back: Announces Counter Tariffs on US Goods Amid Trade Tensions

Canada has announced retaliatory tariffs on US goods in response to the Trump administration's tariffs, escalating trade tensions and potentially impacting the strong economic rela...

Economy

EU Strikes Back with €26 Billion Countermeasures Against US Tariffs

The European Commission has announced countermeasures worth up to €26 billion against US tariffs on steel and aluminum, effective from April. The EU aims to protect its consumers a...

Economy

February Sees a Slight Dip in US Inflation Rate to 2.8% from 3%

The US inflation rate slightly decreased to 2.8% in February from 3% in January, with the CPI increasing by 0.2%. Energy prices fell annually but rose monthly, while food prices in...

Economy

OPEC Maintains Steady Oil Demand Growth Forecast for 2025 Amid Global Economic Shifts

OPEC's March report maintains its 2025 global oil demand growth forecast at 1.4 million bpd, with OECD and non-OECD countries contributing 0.1 million and 1.3 million bpd respectiv...

Economy

OPEC Holds Steady: Global Economic Growth Forecast for 2025 Remains at 3.1%

OPEC maintains its global economic growth forecast for 2025 at 3.1%, with stable projections for the US, Eurozone, and China. The organization highlights the need to monitor potent...