Browsing: economic forecast

Billionaire investor Ray Dalio warns of growing instability in the US, citing fiscal irresponsibility, political division, and loss of institutional trust.

Rising job losses, weak payroll growth, and a drop in durable goods spending are amplifying fears that the U.S. economy is teetering on the edge of recession.

French business confidence has dropped for the third straight month, hitting its lowest level since July as fiscal uncertainty and political instability impact hiring and investment.

German consumer confidence for December plummets to -23.3 amid fears of widespread job cuts by major companies like Volkswagen, Bayer, and Thyssenkrupp, increasing economic and political uncertainty.

The IMF forecasts Austria’s economy to rebound with a projected 1.1% growth in 2025 following a contraction of 0.6% this year, aligning with Austrian economic institutions’ cautious optimism.

UNCTAD’s report reveals global growth will stagnate at 2.7% in 2024-2025, posing risks to development and climate goals while impacting the Global South’s debt levels and overall economic resilience.

The UAE is projected to see GDP growth of 3.3% in 2024 and 4.1% in 2025, driven by a robust non-oil sector, according to the World Bank’s latest MENA Economic Update released today.

India’s upcoming budget will reveal how the BJP plans to manage its coalition government and possible fiscal shifts after a narrow electoral win.