Week in Review Archive

United Arab Emirates’s economy is anticipated to grow by 4.9% in 2025, 0.4% more than initial forecasts predicted, with increased oil production and growth in non-hydrocarbon sector fueling growth.

Earlier this year, Brazil’s economy faced mounting challenges, rising inflation, higher interest rates and a devaluation of currency, all of which threatened to slow gross domestic product (GDP) growth. Despite these headwinds, Brazil’s economy was projected to moderate in 2025, with a forecasted 2.2% growth in GDP, Reuters reports. 

Australia’s economy grew by 0.6% in the second quarter of 2025, showing slight growth that is still better than anticipated. Year-over-year the economy grew by 1.8% in the second quarter, according to the Wall Street Journal, beating out the forecasted 1.6%.  

Taiwan, or the Republic of China, is one of the world’s largest exporters of high-end electronics. However, its heavy reliance on exports makes the country vulnerable to global market fluctuations. Additionally, its low total fertility rate and aging population raise concerns about future labor shortages.

Turkey’s economy faced significant headwinds last year due to weakened demand, high interest rates, rising inflation and tighter government policies. Despite unstable market conditions in March, the country appears to be on the path to recovery, largely driven by private consumption.

Canada’s economy lags as increased trade strains and softening labor market test the economy, prompting more conversation around interest rates cut by the Bank of Canada. Canada’s gross domestic product (GDP) shrank by 0.1% in May, with expectations that it will bounce back in the following months despite continued strain from tariff stress. The biggest hit came from the retail trade sector, part of the larger service-producing industries that contribute up to 75% of total GDP, which contracted 1.2%, per Reuters. 

Argentina’s economy has shown signs of stabilization following a challenging year marked by severe poverty, soaring inflation and significant sociopolitical pressures. Today, the country stands as one of the largest economies in Latin America, with a gross domestic product (GDP) of approximately $640 billion, per the World Bank Group.