Tag: WIR

Prime Minister Narendra Modi has praised India’s ongoing impressive economic performance, highlighting that the country is once again poised to lead the ranking of the ten fastest-growing major economies in 2024.

Ukraine’s economic outlook stands conditional based on a number of factors: The destruction of energy infrastructure, logistical mishaps, a difficult labor market and high security risks.

Venezuela faces worsening economic and political hardship after President Nicolás Maduro’s election, sparking global outcry over corruption and persistent economic problems. The United States has firmly halted any efforts to ease sanctions and is expected to intensify these measures unless President Maduro resigns.

Effective leadership requires effective question-asking. Sometimes, the job of a leader can feel as if it is infinitely more answer-providing than question-driving. Despite that, the strongest leaders recognize that the questions more than the answers tend to significantly impact the achievement of those they serve. With that in mind, here are three questions that leaders should ask themselves daily. (In complete honesty, I don’t do this as often as I should.)

Global supply chains are a key source of economic stimulation with the ability to generate billions of dollars in global markets. The purpose of supply chains is to improve efficiency, reduce costs and increase revenue through competitive advantage. However, the entire system of supply chains is contingent on consistency—so what happens when there is a disruption?

The U.K. economy continues to defy gloomy expectations, albeit just barely. A monthly survey of economists conducted by the U.K. Treasury shows the average forecast for GDP growth over 2024 has gone up from 0.4% in January 2024 to 0.9% in July 2024.

Egypt’s economic growth is set to be slower than expected this year after an $8 billion agreement was signed with the IMF in March, according to a Reuters poll of 17 economists. Gross domestic product (GDP) is now forecasted to grow 4%—down from a previous 4.35%.

South Africa, Africa’s largest economy with a GDP over $373 billion, faces significant challenges despite its former promise of stability. Their economy contracted by 0.1% in the first quarter of 2024, dragged lower by manufacturing, mining and construction.

Mexico’s economic state remains impacted by several external and domestic uncertainties in addition to a recent volatility surge in the local currency market. Gross domestic product (GDP) is expected to rise 2.2% this year and 1.9% in 2025. The consensus view for next year was downgraded from a forecast of 2.1% in a January poll, according to Reuters.