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Economy Archive

Mar 28, 2025
Week in Review

Saudia Arabia: Making strides toward economic growth

Over the past few years, Saudi Arabia’s economy has struggled with a slowdown due to budget challenges and oil production cuts. In 2023, its economy contracted to 0.8% following extended oil production cuts among the OPEC+ member states, of which Saudi Arabia is a top member, which continues to weigh on GDP growth, Reuters reports.
Mar 14, 2025
Week in Review

Brazil’s economic outlook dims

Brazil’s economy has improved significantly in recent years. In 2024, the Gross Domestic Product (GDP) rose by 3.4%, achieving the strongest annual expansion since 2021. The GDP grew by 3.6% in the fourth quarter, coming in just below market expectations. 
Feb 21, 2025
Week in Review

South Africa’s economic instability heightens

South Africa’s economic outlook has improved since last year and set to continue to do so in 2025. Despite easing core inflation, the economy faces rising debt, political instability and a weakening currency. Nevertheless, better fiscal policies and a focus on domestic growth are expected to sustain economic growth.
Feb 14, 2025
Week in Review

Amid Italy’s economic struggles, hope for growth persists

Despite the darkening economic outlook, Italy is expecting positive economic news in the coming weeks, according to Italian Economy Minister Giancarlo Giorgetti, as data on public finances will be published in early March.
Jan 17, 2025
Week in Review

Political instability in France rattles EU economy

Drastic political instability in France has already sent ripples across the nation’s economy and continues to threaten the stability of the European Union. Previously France, alongside Germany, made up nearly half of the eurozone economy. 
Dec 20, 2024
Week in Review

Poland’s economy drives EU growth

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.