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Economy Featured News World

IMF sounds alarm about high global public debt, urges countries to build buffers

The IMF this week edged up its 2025 global growth forecast given a more benign impact from tariffs. Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said on Wednesday, urging countries to build up buffers to […]

Economy Banking Featured Finance

Turkey sees inflation at 28.5% in 2025 with single digits by 2027, programme says

GDP growth seen at 3.3% in 2025.  Turkey’s medium-term economic programme forecasts inflation to hit 28.5% in 2025 and 16% in 2026, before reaching single digits from 2027, according to a text of the economic roadmap published in the Official Gazette on Sunday. The programme, which sets the government’s economic roadmap for the next three […]

poverty Development Economy Featured Finance World

Most of the developing world is turning into a development-free zone

Only six months ago, a “soft landing” appeared to be in sight: the global economy was stabilizing after an extraordinary string of calamities both natural and man-made over the past few years. That moment has passed. The world economy today is once more running into turbulence. Without a swift course correction, the harm to living standards […]

trade Business Economy Featured Finance

US goods trade deficit narrows sharply in April as imports plunge

The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s Census Bureau said on Friday The U.S. trade deficit in goods narrowed sharply in April as the boost from the front-running of imports ahead of tariffs faded. The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s […]