In a significant move toward thawing frayed economic ties, China and the United States have confirmed plans to hold high-level trade and economic talks in Switzerland from May 9 to 12, 2025. At the invitation of the Swiss government, Chinese Vice Premier He Lifeng, a member of the Political Bureau of the Communist Party of […]

Britain and India sealed a landmark free trade agreement on May 6, 2025, after three years of stop‑start negotiations. As the world’s fifth‑ and sixth‑largest economies, they pledged to deepen their economic partnership at a time when global supply chains have been rattled by protectionist measures and volatility in major markets. The deal is hailed […]

Moody’s Ratings surprised few by cutting India’s real GDP growth forecast for the 2025 calendar year to 6.3 percent, down from its prior 6.5 percent projection. The announcement, made on May 6, 2025, comes against a backdrop of intensifying policy uncertainty in the United States—mainly over tariffs and trade restrictions—and mounting geopolitical stresses worldwide. While Moody’s left its 2026 […]

A groundbreaking report from a leading UK charity has lifted the veil on the hidden economic toll of poverty and hunger, revealing that hardship costs the nation a staggering £75.6 billion each year. Far from being an abstract moral failing, this crisis exacts a concrete price in lost productivity, higher welfare bills, strained public services, and […]

As the world continues to rapidly evolve with technological advancements, artificial intelligence (AI) is increasingly positioned as a transformative force for the global economy. A recent report by PwC, titled Value in Motion, has revealed that AI could potentially drive a significant economic boost, increasing global economic output by as much as 15% by 2035. […]

West Texas Intermediate (WTI) crude continued its slide for a third straight session on Wednesday, trading near $59.50 a barrel during Asian hours. The benchmark is on track for its biggest monthly drop—down more than 15 percent—since November 2021, as mounting fears over slowing global growth, weakening fuel demand and rising supply combine to sap […]

In a critical address to the UN Economic and Social Council (ECOSOC) forum, the UN warned of an impending $4 trillion shortfall that threatens the progress of the Sustainable Development Goals (SDGs). At a time when rising global tensions, soaring debt, and increasing trade barriers are undermining international collaboration, the UN’s top officials called for […]

The global economy is headed for rougher waters, according to a new report released today by the United Nations Conference on Trade and Development (UNCTAD). Global growth is now projected to slow to just 2.3% in 2025, falling beneath the often-cited 2.5% threshold that many economists associate with a technical global recession. This forecast paints […]

Introduction: A Perfect Storm of Trade Tensions and Economic UncertaintyThe International Monetary Fund (IMF) has called on Asian central banks to wield monetary policy as a shield against the economic fallout from escalating U.S. tariffs, warning that the region’s growth prospects face significant risks from trade disruptions and financial market volatility. In its latest regional […]

Britain’s public finances have taken a serious hit, as new figures reveal a significantly larger budget deficit than expected for the 2024/25 financial year. The government borrowed nearly £152 billion — approximately £15 billion more than what was projected just a month ago — reigniting concerns over the sustainability of the country’s economic strategy and […]