International Monetary Fund (IMF)

IMF Warns of Tariff Risks to Asia’s Growth Prospects Amid Rising Trade Tensions

The International Monetary Fund (IMF) has sounded a cautionary note about the growing risk of escalating tariffs in undermining Asia’s economic prospects. Speaking at a forum on systemic risk in Cebu, IMF Asia-Pacific Director Krishna Srinivasan highlighted the potential impact...
China Industrial

China’s Industrial Profits Decline Sharply Amid Rising Deflationary Pressures

Industrial profits in China saw a significant drop in September, declining at an accelerated rate compared to the previous month. According to data released by China’s National Bureau of Statistics (NBS) on Sunday, large industrial firms reported a 27.1% decline...
China Economic

China’s Economic Growth Slows to 4.6% in Q3 Amid Persistent Challenges

China's economy expanded at a slower-than-expected rate of 4.6% in the third quarter of 2024, according to data released by the National Bureau of Statistics on Friday. The latest figures signal a continued deceleration in the world’s second-largest economy, which...
Crime

What Impact Does Crime Reduction Have on Economic Growth in Latin America?

Crime and violence are significant concerns in Latin America and the Caribbean, accounting for nearly half of the world's intentional homicide victims. The region's average homicide rate is 10 times higher than in other emerging markets and developing economies, and...
Economic Growth

African Countries Unite to Secure Duty-Free Access to US Markets for Economic Growth

The U.S., Africa Growth and Opportunity Act (AGOA) trade forum, set to begin in South Africa, is expected to focus on the extension of the U.S. program allowing sub-Saharan African countries duty-free access to U.S. markets. U.S. officials, including Ambassador...