U.S. President Donald Trump’s trade wars are expected to weigh on global economic growth, the Organisation for Economic Co-operation and Development (OECD) said. The Paris-based institution lowered its global GDP growth forecast for this year to 3.1%, down 0.2 percentage points from its earlier projection in December. “Global GDP growth is expected to moderate from...
Category: economics
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Alarm Bells Ring: Troubling 401(k) Trend Signals U.S. Economic Concerns
EXPLORE FURTHER: Ancient Stock Market Indicator Might Signal Challenges Ahead for Investors A greater number of Americans than ever before are dipping into their 401(k) savings to handle financial crises – yet another indicator suggesting economic difficulties and an impending recession. Approximately five percent of individuals with retirement accounts took out funds prematurely during the...
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SEDIC: Nigeria’s Bold Move for Regional Revival
The creation of the South-East Development Commission has sparked both hope and doubt throughout Nigeria. This new initiative aims to tackle the long-standing disregard and exclusion faced by the South-East region. The commission’s effectiveness depends largely on overcoming challenges such as inefficient bureaucracy, political meddling, and uncertain financial support. Despite its lofty objectives of boosting...
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Rental Boost: Luxury Homes of Stephen Chow and Andy Lau in Hong Kong See Rising Estimates
The rateable value serves as an estimation for how much rent a property could potentially fetch annually when placed on the open market as of a specific valuation reference date. Hong Kong celebrities Similar to what Stephen Chow and Andy Lau have experienced lately, the assessed rental values for their high-end properties have increased as...
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Will AI and Robots Fuel China’s Next Big Consumer Boom?
China is looking for the next major products to motivate consumers to spend more. Technology seems to play a crucial role in this strategy. Last Sunday, China released a fresh action plan designed to encourage consumer expenditure, prompting numerous analysts to wonder if this latest “buy, buy, buy” push will prove successful this time. Throughout...
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OECD Warns: Trump’s Tariffs Threaten China’s Economy and Global Trade Growth
The Chinese economy is expected to expand by 4.8% this year, experiencing reduced demand across various sectors and areas. The Organization for Economic Co-operation and Development stated on Monday that China’s economy is expected to decelerate even more due to the new tariffs introduced by U.S. President Donald Trump, which will have worldwide implications. The...
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New Zealand PM Praises India: A Growing Hub for Pharmaceuticals and Advanced Machinery
New Delhi [India], March 17 (ANI): On Monday, New Zealand’s Prime Minister, Chris Luxon, recognized India’s increasing economic sophistication, noting the nation’s rise as a key supplier. pharmaceuticals and machinery for New Zealand. Luxon’s speech at the Raisina Dialogue 2025 signaled an important landmark in India-New Zealand ties, with increasing diversity trade Between India and...
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Hairdressers Descend on Westminster to Protest Reeves’ Tax Overhaul
Hairstylists and salon proprietors have convened at Westminster to demonstrate their concerns. Rachel Reeves ‘ ‘disastrous’ tax reforms. The Hair and Barber Council claims this will be ‘the biggest protest regarding our sector in history.’ Hundreds of people took to the streets dressed in black outfits and flowing garments, with “SOS – Save Our Salons”...
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US Retail Sales Falter: Consumer Health Under the Microscope
Retail sales in the US showed smaller increases than anticipated in February, as per government statistics issued on Monday. These figures marked a recovery from previous decreases, with everyone closely monitoring consumer expenditure amidst escalating concerns about a potential economic downturn. Customers play a crucial role in driving the largest global economy, with expenditures bolstered...
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OECD Sounds Alarm on Global Growth as Trade Wars Intensify
The primary economic group reduced its prediction for worldwide economic expansion because of trade disputes initiated by Donald Trump’s tariffs. They cautioned that circumstances might deteriorate further. The OECD stated on Monday that global economic expansion is anticipated to decelerate as a result of “trade barriers” and an increase in “geopolitical and policy uncertainties.” It...