Category: Economy News

Economy News

UK inflation is dangerously high at 10.4 percent

Official data revealed on Wednesday that the UK consumer price inflation had risen unexpectedly to 10.4%, mainly due to an increase in the prices of drinks in pubs and restaurants. This news came a day

The eurozone is avoiding a recession
Economy News

The Eurozone Is Avoiding a Recession

Eurostat said on Tuesday that Eurozone GDP grew by 0.1 percent in the last quarter. In comparison, economists predicted that the economy would shrink by 0.1 percent. The economy in Germany and Italy weakened. However,

The U.S. economy increased by 2.9%
Economy News

The U.S. Economy Increased by 2.9% in Q4

Gross domestic product (GDP) rose 2.9 percent annually in the final three months of 2022 after a 3.2 percent increase in the third quarter, the U.S. Commerce Department’s initial estimate showed on Thursday. Personal consumption,

Ghana continues talks with local pension funds
Economy News

Ghana Continues Talks with Local Pension Funds

In a request to mitigate an ongoing economic crisis, Ghana’s Government has arranged a staff-level agreement for a $3 billion loan package from the International Monetary Fund (IMF). The fund has stated that the IMF

TMN - nike
Economy News

Movements in the Market

Ukraine’s President Volodymyr Zelenskyy is assigned to address Congress in person, his first trip outside his country after Russia’s invasion ten months ago. Elon Musk is preparing to resign as Twitter CEO just as soon

Economy News

Central Bankers Struggle with Inflation

Prices had overflowed in May behind a small decline in April. This boosted hopes that a current uptick in inflation would not last long. Barkin stated the data, which initiated a U.S. bond market sell-off,

Zambia restructuring debt
Economy News

Zambia Restructuring Debt

Zambia is pushing hard to conduct the restructuring of almost $15 billion of outward debt in the first quarter of 2023. It is in active engagement with its most extensive bilateral creditor China, Zambia’s finance