global economy

Political upheaval around the world could spell trouble for the global economy in 2025

London CNN — The sun is setting on 2024, but the consequences of its many events will be felt around the world well into next year and beyond. This year, Israel’s war against Hamas in Gaza escalated and spilled over to Lebanon, where Israel waged a war on Hezbollah until a shaky ceasefire was agreed …

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Egypt Independent December 31, 2024

Global economic outlook slightly ‘less gloomy,’ Europe ekes out growth

London CNN — The global economy will weaken this year as rising interest rates and Russia’s war in Ukraine continue to weigh on activity. But economists are more optimistic than they were just a few months ago. The International Monetary Fund said Monday that it now expects global growth will slow from 3.4 percent in …

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Egypt Independent February 1, 2023

Here’s what could tip the global economy into recession in 2023

The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central banks to hike borrowing costs at an unprecedented clip to bring it under control. Their campaign to manage prices may be working — but potentially at a sizable cost in 2023. “It is likely that the world economy …

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Egypt Independent January 2, 2023