global growth News

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...