World Bank projects 4.7% growth for Kenya in ’24
Kenya’s economy is forecasted to grow at 4.7 per cent in 2024, down from 5.6 per cent in 2023 and closer to the…
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high interest rates
BNY Mellon warns of risks in Turkish asset inflows
BNY Mellon has raised concerns about the surge in foreign investment into Turkish assets, suggesting that the…
IMF praises Philippine economic resilience despite challenges
The International Monetary Fund (IMF) praised on Monday the Philippine economy’s resilience despite global…
Belgium’s growth to dip in ’24 – OECD
Belgium’s economy is set to experience a slowdown, with growth projected to dip to 1.3 per cent in 2024, from 1.5…
China’s foreign investment hits 30-year low in ’23
The foreign direct investment in China rose slightly by $33 billion in 2023, the smallest increase since the early…
Australia’s CBA issues dire economic forecast
The Commonwealth Bank of Australia (CBA) warned on Wednesday of potential economic risks in Australia due to high…
BREAKING: Egypt’s central bank hikes key interest rates by 200 bps
Egypt’s central bank has on Thursday hiked its key interest rates by 200 basis points in its first monetary policy…
Global clean-energy investment hits $1.77 trl in ’23
Global investment in the clean-energy transition hit a new record of $1.77 trillion, according to Energy Transition…
UK insolvencies climb to 14% in ’23 amid high interest rates
The number of UK companies that are going bust has soared 14 per cent in 2023 as firms collapsed as higher…
Moody’s: UAE developers to eventually face risks due to high inflation, interest…
Continued high inflation and high interest rates may pose a risk to UAE homebuilders, Moody’s Investor Service…
