global growth News

US Dollar Plummets Over 1% Against Yen as Trade Tensions and Global Growth Fears Stir Markets

The US dollar fell sharply against the Japanese yen, dropping over 1% amid concerns over trade tensions and global growth slowdown. The decline followed a meeting between Japanese ...

US Dollar Plummets Over 1% Against Yen as Trade Tensions and Global Growth Fears Stir Market Anxiety

The US dollar fell over 1% against the Japanese yen due to market volatility from trade tensions and global growth concerns, following a meeting between Japanese and US financial l...

Bailey Highlights UK's Open Economy and Global Relations with US Amid Growth Concerns

Bank of England Governor Andrew Bailey discusses the UK's open economy, the significance of US global relations, and the risks of economic fragmentation to growth. He also praises ...

US Dollar Takes a Dive: Significant Losses Against Euro and Swiss Franc Amid Trade Tensions

The US dollar weakened significantly against major currencies like the euro and Swiss franc due to ongoing concerns over US tariffs and their potential effects on global growth, wi...

Fitch Ratings Warns: Escalating US Tariffs Could Trigger Economic Recession

Fitch Ratings warns that US tariffs, now at levels last seen in 1909, could trigger a recession by increasing consumer prices, lowering corporate profits, and dampening global econ...

Global Economic Growth Forecasted at 3.3% in 2025 and 2026 by IMF

The IMF forecasts a global economic growth of 3.3% in 2025 and 2026, with the US and China leading the charge. Inflation is expected to decrease, but long-term fiscal adjustments i...

OPEC Lowers Global Oil Demand Growth Forecast Amid Uncertainty

OPEC has revised its global oil demand growth forecast for 2024 to 1.6 million barrels per day, down from 1.8 million. Total world oil demand is expected to reach 105.5 million bar...