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Economy Archive

Apr 4, 2025
Week in Review

Portugal’s economy shows strong growth despite sluggish EU economy

As much as the European Union flounders under economic headwinds, Portugal’s economy reports strong growth, beating out previous forecasts. In 2024, Portugal’s economy expanded by 1.9%, beating out the expected growth by 0.1%, with forecasts predicting that the economy would grow by 2.1% in 2025.
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.