Tag Archives: economy

BEIJING | Xinhua |  A series of indicators have shown the Chinese economy accumulated a number of positive elements in the first quarter, kicking off a good start to this year despite pressures and challenges both at home and abroad. The country’s gross domestic product (GDP) recorded a year-on-year growth …

Opening doors for private investors has spurred a rise in investments in Ethiopia’s key sectors, allowing the country to maintain higher economic growth rates than its African and global peers and elevating its global reputation. SPECIAL REPORT | BIRD AGENCY | Ongoing economic reforms that are also seeing Ethiopia opening …

LONDON, ENGLAND | Xinhua | The British economy has entered a recession following two successive quarters of contraction in the second half (H2) of 2023, official data showed Thursday. Britain’s gross domestic product (GDP) fell by 0.3 percent in the fourth quarter (Q4) of 2023 after shrinking by 0.1 percent …

There’s a need for enhanced liquidity in domestic markets to foster economic growth and socio-economic transformation Kampala, Uganda | JULIUS BUSINGE | Uganda has preserved its fourth-place ranking in the Absa Africa Financial Markets Index for 2023, despite a slight decrease in its overall score from 64.4 to 62.8. The index, …

Kampala, Uganda | THE INDEPENDENT | Concerns on the increasing public debt burden continue to dominate debate and this time, Deputy Speaker, Thomas Tayebwa has directed the Committee on National Economy to make an assessment on the country’s public debt and report back to Parliament. Tayebwa made the directive during the …

Kampala, Uganda | THE INDEPENDENT | Uganda has been selected among five African countries to be supported by the African Development Bank to develop circular economy policies. A circular economy is an economic system based on the reuse and regeneration of products to continue production sustainably, minimizing waste, and increasing …

Many stagflationary megathreats over the medium-term horizon could push growth lower and inflation higher COMMENT | NOURIEL ROUBINI | Around this time a year ago, about 85% of economists and market analysts  including me  expected that the U.S. and global economy would suffer a recession. Falling but still-sticky inflation suggested that …

Bank of Uganda projects the economy to grow at 6% in FY2023/24 up from 5.2% a year before Kampala, Uganda | ISAAC KHISA | Uganda’s consumers recorded a 7.8% increase in borrowings for the three months to October, while lenders’ approval rate for loans in value terms decreased since July 2023, …

  KHARTOUM, SUDAN | Xinhua | As the Sudanese people expected to see an end to the years-long instability in 2023 to avoid an economic collapse in the country, Sudan slid into a deadly military conflict in April that has been ongoing till now. HEAVY TOLL ON CIVILIANS On April …

FRANKFURT, GERMANY | Xinhua | As German companies are getting increasingly dissatisfied with their status quo, their scepticism over business prospects for the first half of 2024 has grown. The Ifo Business Climate Index, which measures entrepreneurs’ sentiments about the current business situation and their expectations for the next six …