Egypt’s non-oil private sector contracts in May – PMI
ypt’s non-oil private sector remained in contraction in May, with the S&P Global Egypt PMI rising to 47.1 from…
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economic outlook
Global growth set to slow in coming years – OECD
The global economy is expected to slow over the coming years as trade barriers, geopolitical tensions, and policy…
US Federal Reserve cuts interest rate by quarter point
The US Federal Reserve lowered its target range for the federal funds rate by 1/4 per cent to 4 to 4‑1/4 per cent…
Russia’s private sector downturn eases in August – PMI
Russia’s private sector contraction slowed in August, with the S&P Global Composite PMI Output Index rising to…
Germany’s consumer sentiment to fall sharply in Sept. ’25’
Germany’s consumer sentiment weakened further in August, with income and economic expectations dropping…
France’s private sector stabilises, outlook remains gloomy – PMI
France’s private sector showed signs of stabilisation in August after months of contraction, with business activity…
German confidence sinks as industry slows, EU–US trade deal underwhelms
Germany’s ZEW Indicator of Economic Sentiment fell 18 points to 34.7 in August 2025, ending several months of…
Sterling steady ahead of UK jobs, growth data after rate cut
The pound steadied Monday after briefly touching its strongest level in more than two weeks against the dollar,…
Sterling set for sharpest monthly drop since 2022
The pound sterling is on track for its steepest monthly loss against the US dollar since September 2022, as…
Tunisia keeps interest rate steady
Tunisia’s central bank kept its benchmark interest rate unchanged at 7.5 per cent on Wednesday, following a…
Federal Reserve maintains interest rates
The US Federal Reserve on Wednesday July 30, 2025, decided to maintain the target range for the federal funds rate…
Egypt’s economic outlook improves – poll
Egypt’s economy grew by an estimated 4.0 per cent in the fiscal year ending June 2024, slightly higher than the 3.8…
Eurozone firms struggle with rising costs, trade disruptions – ECB
Eurozone firms continue to face mounting challenges from rising costs, weak profits, and trade disruptions,…
UK consumers more gloomy as cost of living pressures mount
UK consumer confidence posted its sharpest drop since 2022 last month, reflecting heightened concerns over job…
Australia’s c. bank holds interest rate steady
Australia’s Monetary Policy Board decided to maintain the cash rate target at 3.85 per cent during its meeting on…
Egypt’s non-oil private sector contracts in June ’25
Egypt’s non-oil private sector continued to shrink in June 2025, with the S&P Global Purchasing Managers’ Index…
S&P Global: US manufacturing growth accelerates in June ’25
The US manufacturing sector continued to expand in June, with the S&P Global Manufacturing PMI rising to 52.9…
IMF sees growth ahead for Algeria
Algeria's economy is set to grow in 2025, supported by a recovery in hydrocarbon output and stable inflation,…
S&P Global: UK consumer confidence stuck in negative territory
UK consumer confidence remained deeply negative in June, with households facing mounting financial pressure from…
Eurozone growth stagnates in June, services stall
The Eurozone’s private sector showed minimal growth in June, with the HCOB Flash Composite PMI Output Index…
URGENT: Bank of England holds rate steady at 4.25%
The Bank of England’s Monetary Policy Committee (MPC) decided to keep Bank Rate unchanged at 4.25 per cent during…
Sterling hits 6-week low against euro as rate cut bets mount
The British pound strengthened against the US dollar on Thursday but slumped to a six-week low against the euro, as…
French services contract for 9th month in May ’25
France’s service sector contracted for the ninth consecutive month in May, though at the slowest pace so far this…
Germany’s service sector contracts sharply in May ’25
Germany’s service sector contracted for the second consecutive month in May, shrinking at the fastest pace in two…
Eurozone growth slows in May ’25, services contract
The eurozone economy grew for a fifth straight month in May, but the pace of expansion slowed, as services activity…
BoE’s Bailey: Rate cuts ‘gradual, careful’ amid trade uncertainty
Bank of England Governor Andrew Bailey told lawmakers on Tuesday that interest rate cuts in the UK will remain…
OECD warns of global growth slowdown
The OECD forecasts global economic growth to slow to 2.9 per cent in 2025 and 2026, down from 3.3 per cent last…
Egypt’s inflation slows sharply in Q1 ’25 after years of external, domestic shocks
Egypt’s inflation continued to ease in early 2025, with both headline and core rates recording sharp declines,…
Egypt’s c. bank forecasts growth rebound in FY2024/25 as economy recovers
Egypt’s Central Bank expects real GDP growth to rebound to 4.3 per cent in the fiscal year 2024/25, up from 2.4 per…
Egypt’s c. bank expects inflation to reach target by late ’26
The Central Bank of Egypt (CBE) expects inflation to continue declining over the coming two years, gradually moving…
Italy’s consumer, business confidence decline in April ’25
Italy’s consumer and business confidence both fell sharply in April, signalling rising pessimism about the…
OPEC+ sees 3.1% global growth in ’24, oil demand up 1.6 mb/d
The Organization of the Petroleum Exporting Countries (OPEC+) has maintained a solid global economic outlook, with…
Romania’s inflation accelerates in Nov. ’24
Romania’s inflation rate rose to 5.1 per cent in November, up from 4.7 per cent in October, slightly exceeding…
Swiss consumer sentiment up in Nov. ’24
Consumer sentiment in Switzerland improved significantly in November 2024, with the index reaching -37 points, 11…
Uganda’s private sector growth accelerates in Nov. ’24
Uganda's private sector saw continued growth in November, with the Purchasing Managers’ Index (PMI) rising to 55.7,…
Russia’s economic growth to slow after ’24 peak
Russia's GDP growth is projected to rise to 3.9 per cent in 2024, up from 3.6 per cent in 2023, according to the…
Euro area inflation to ease further in coming years – OECD
Euro area inflation is projected to drop from 5.4 per cent in 2023 to 2.4 per cent in 2024, according to the OECD's…
German consumer sentiment hits new low in Nov. ’24
Germany's consumer sentiment took a significant hit in November, as income expectations and the willingness to buy…
ECB needs clearer data before next rate cut – Kazimir
The European Central Bank (ECB) will likely wait until December before considering another interest rate cut, ECB's…
Russia’s GDP likely to increase in ’24 – Novak
The Russian Economic Development Ministry may raise its GDP growth forecast for 2024, according to Russian Deputy…