Economy Archive

At the start of 2025, Egypt faces intense balance-of-payment pressures from the past year.

The Chilean government faces the challenge of balancing growth aspirations with realistic expectations in the new year.

After a strong fourth quarter as the year closes, Poland’s economy is expected to continue to expand in 2025. With economic growth spurred on by increased consumption and infrastructure funding, the economy should remain strong despite predictions that inflation will pick up slightly in the new year.  

With steady growth throughout the year despite a slight deceleration towards year’s end, the Mexican economy appears steady. However, increasingly fraught relations with the United States and the promise of tariffs from President-Elect Donald Trump, threaten the nation’s continued economic growth in the coming year.

Despite supply chain challenges and two years of modest performance, Saudi Arabia’s economy is expected to grow next year, driven by increased oil output.

Canada’s economy is cooling down after decent second quarter growth, but Trump’s promise of tariffs could squander the nation’s chances at continued growth. Canada’s gross domestic product data shows a dip in growth during the third quarter compared to the strong second quarter, according to TD Economics. The Bank of Canada will meet in mid-December to discuss a possible change to the interest rate.

When Prime Minister Fumio Kishida took office in October 2021, he promised to rebuild Japan’s economy through a strategy he dubbed, “New Capitalism.” Kishida would quickly change course on his economic plan, which included redistribution at its core in an effort to reduce social inequities. As he stepped down three years later, the changes he brought to the economy seem to pale in comparison to this outsized promise.

The Federal Reserve cut interest rates by half a point in September, the first cut since 2020. The Federal interest rate sits between 4.75% and 5%, hopefully mitigating the effects of high inflation and offering individuals and businesses a bit of relief. Despite this recent cut, the interest rate is nearly double the pre-pandemic rate.