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Zimbabwe has sharply devalued its gold-backed currency, Zig, by over 40% against the US dollar due to rising demand for USD. This reflects ongoing economic instability and challenges in gaining …
Zimbabwe Central Bank Devalues Gold-Backed Currency by Over 40% Read More
The World Bank’s Malawi Economic Monitor emphasizes the urgent need for macroeconomic reforms and highlights the mining sector’s potential for economic growth. Despite past efforts, Malawi’s recovery remains fragile due …
Malawi Economic Monitor Urges Urgent Macroeconomic Reforms and Mining Sector Development Read More
President Bola Tinubu announced the creation of the National Credit Guarantee Company to enhance credit access for individuals and essential sectors. This entity, set to operate by June, is a …
Nigeria’s Tinubu Unveils National Credit Guarantee Company for Economic Growth Read More
Pakistan’s inflation peaked at 38% in May 2023, dropping to 4.9% by early 2024, following an IMF bailout. The SBP raised interest rates to combat inflation, which declined but did …
2024: Pakistan’s Economic Journey Through (Dis)Inflation Read More
As we approach 2025, global concerns about inflation, job losses from AI, climate change, and immigration persist. However, a recent survey reveals that 71% of respondents feel optimistic about the …
Global Concerns for 2025: Inflation, AI Job Losses, Climate Change, and Immigration Outlook Read More
Iran is facing serious economic challenges as its currency, the rial, plummets against the US dollar and inflation threatens to exceed 40%. Experts warn that without a swift agreement with …
Iran Faces Economic Crisis as Rial Plummets and Inflation Soars Read More
Uruguay’s Central Bank increased the benchmark interest rate from 8.5% to 8.75% to align with a 4.5% inflation target. Despite stable year-on-year inflation at 5.03%, core inflation is rising. GDP …
Uruguay’s Central Bank Raises Benchmark Interest Rate to Combat Inflation Read More
Argentina’s economy contracted 2.7% year-on-year through October 2024, with significant drops in fishing (49.9%) and construction (14.5%). Despite these challenges, President Javier Milei claimed the recession is over, citing a …
Argentina’s Economy Contracts 2.7% Amid Austerity Measures in 2024 Read More
Colombia’s central bank is expected to cut interest rates by 50 basis points in its last meeting of 2024, addressing global uncertainties and domestic fiscal challenges. Analysts reach consensus on …
Colombia’s Central Bank Expected to Cut Interest Rates Amid Fiscal Challenges Read More
Brazil’s real fell to a record low against the US dollar, trading at 6.20 reais. Worries about fiscal discipline under President Lula’s government, compounded by rising interest rates, contribute to …
Brazil’s Currency Hits Record Low as Economic Concerns Mount Read More