Latest news and articles about economic growth from NEX English
Economics professor Rahmat Ghafmi from Airlangga University has indicated that the World Bank's reduction of Indonesia's economic growth forecast from <strong>4.8%</strong> to <strong>4.7%</strong> serves as a warning for the government to enhance growth mechanisms. This adjustment comes amid challenging economic conditions that require effective responses.
Voters in Benin headed to the polls on Sunday to elect a new president, with Finance Minister Romuald Wadagni being the frontrunner due to his decade-long economic management. This election comes amid rising jihadist attacks in the north, emphasizing the importance of voter turnout.
Oil prices are stabilizing below $100 per barrel as markets assess the implications of the Iranian conflict. Global growth is projected to slow to <strong>2.9%</strong> by <strong>2026</strong>, alongside rising inflation.
The Business Confidence Index in Saudi Arabia recorded 52.1 points in March 2026, indicating ongoing optimism in the private sector despite a 14.2% decline from February. This index reflects companies' confidence in the stability and growth of economic activity.
During a meeting with media leaders in Jakarta, Vice President <strong>Gibran Rakabuming Raka</strong> called for strengthening cooperation between the government and the creative industry sector. This initiative aims to bolster the national economy based on innovation.
French Finance Minister Roland Lescure stated that the impact of the ongoing conflict in Iran on the French economy remains moderate. He emphasized that economic growth is in line with government expectations, provided the situation in the region does not worsen.
Economic forecasts suggest that the <strong>Korean won</strong> may experience a significant recovery in the second quarter of this year, returning to levels seen before the U.S.-Iran war. This anticipated recovery is attributed to declining oil prices and increased foreign investment in the Korean stock market.
Investors are reassessing their investment strategies, moving towards safer options in the energy sector, avoiding high-risk bets on artificial intelligence technologies. This shift reflects their desire for guaranteed returns in a volatile economic climate.
The U.S. economy experienced weak growth of <strong>0.5%</strong> in the last quarter of the year, following a slowdown due to a government shutdown lasting <strong>43 days</strong>. Previous growth estimates were revised down from <strong>0.7%</strong> to <strong>0.5%</strong>.
The Dubai government has announced a new set of economic measures aimed at enhancing growth in three free zones. These initiatives are part of the emirate's efforts to support businesses and attract investments amid global economic challenges.
European Economic Commissioner Valdis Dombrovskis warns that the European economy faces risks of slowing growth and rising inflation, despite a temporary truce between the U.S. and Iran. Uncertainty continues to dominate economic forecasts.
The World Bank has provided positive forecasts for the Saudi economy, predicting a decrease in the budget deficit this year while the kingdom achieves the highest growth rate among Gulf countries, despite the repercussions of the war in Iran.
Kevin Hassett, director of the US National Economic Council, stated that the current Middle East crisis will not necessitate an increase in interest rates, noting that its impact on the US economy will be limited. He emphasized the need to keep interest rates low to foster economic growth.
Economic forecasts indicate that the UAE will experience notable growth driven by massive investments and economic diversification. The government is preparing to enhance infrastructure and develop vital sectors.
Indonesian Finance Minister Sri Mulyani Indrawati has stated that the World Bank's predictions for Indonesia's economic growth are inaccurate. During a press conference in Jakarta, she highlighted the challenges and opportunities facing the Indonesian economy.
Mubadala Investment Company announced that its total managed assets have reached <strong>AED 1.4 trillion</strong>, reflecting the success of its diverse investments in boosting economic growth in the UAE. This announcement comes at a time when the country is experiencing significant growth across various sectors.
The Governor of the Bank of Thailand, Veerathai Santiprabhob, announced that the central bank will maintain the interest rate at <strong>1.00%</strong>, with economic growth expectations between <strong>1.3%</strong> and <strong>1.7%</strong> for this year. This decision comes amidst ongoing inflation risks.
Saudi Arabia's industrial production saw a significant increase of <strong>8.9%</strong> in February 2023, driven by growth in three key sectors. This rise reflects the ongoing improvement in the Saudi industrial sector amidst global economic challenges.
A senior economic official in the European Union has stated that the continent remains at risk of stagflation, even after a ceasefire agreement in Iran. This situation reflects ongoing economic challenges facing Europe.
The World Bank has released its projections for the Indonesian economy, estimating a growth rate of <strong>4.7%</strong> in <strong>2026</strong>, a slight decrease from previous forecasts. This comes amid various global influences impacting Indonesia's economy.
Al-Baha Development and Investment Company has unveiled new strategies aimed at boosting its growth in the market. This initiative comes as part of the company's efforts to expand its operations and achieve its investment goals.
The Jakarta Statistics Agency reported that data from the economic census will aid entrepreneurs in planning for expansion and discovering new opportunities. This initiative aligns with the city's goal of becoming a global hub by 2045.
The General Authority for Statistics in Saudi Arabia announced an increase in the industrial production index by <strong>8.9%</strong> in February 2026 compared to the same month last year, driven by growth in mining and manufacturing activities.
The World Bank has reported that the recent conflict in the Middle East has led to immediate and severe economic losses for the countries in the region, raising concerns about future economic stability.
Economic indicators are increasingly important in determining financial market trends. Recent data reveals significant movements across several sectors, necessitating a thorough analysis of their implications.
During a national dialogue in Jakarta, Indonesia's Deputy Minister of Creative Economy, Erin Omar, urged women to boldly pursue their dreams. She emphasized the importance of self-confidence as a crucial first step in overcoming obstacles.
Egypt aims to enhance economic growth by supporting small and medium enterprises, which are considered a key driver of the economy. This initiative is part of a comprehensive vision aimed at achieving sustainable development.
The market's need for innovation is growing in response to increasing economic challenges. Experts indicate that companies require new strategies to cope with rapid changes in the market.
The World Bank has reported that South Asia's growth is expected to slow to <strong>6.3%</strong> in <strong>2026</strong>, influenced by the ongoing conflict in the Middle East and global energy market disruptions. Growth is projected to recover to <strong>6.9%</strong> in <strong>2027</strong>.
The World Bank has reduced its growth forecast for the Middle East and North Africa for 2026 to <strong>1.8%</strong>, reflecting the ongoing conflict's impact on the regional economy. This marks a significant drop of <strong>50%</strong> from earlier estimates of <strong>3.6%</strong> made in January.