Tuesday 25 July 2017
 
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Global economy

Global industry sector outlooks positive: Moody’s

The industry sector outlook is again positively biased as the global economy continues to gradually pick up speed, with steady growth looking increasingly sustainable., Moody's Investors Service said in a new report. Neverthel

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World economy ‘likely to see big growth in H2’

The world economy is showing decent signs of growth for the second half (H2) of the year, although momentum is expected to moderate somewhat, a report said. Europe’s growth is above trend, and the lack of significant tighten

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Action on climate change will boost economy: OECD

Integrating measures to tackle climate change into regular economic policy will have a positive impact on economic growth over the medium and long term, according to a new OECD report prepared in the context of the German Presidency of the G20.

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Global economic growth seen at 2.8pc this year

Buoyed by a strong US economy, as well as improving outlooks for many emerging market economies, world economic growth is forecast to increase 2.8 per cent in 2017, compared to 2.5 per cent in 2016, a report said. However, substan

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GCC real estate sector shines amid global gloom

The GCC real estate has emerged as one of the fastest growing sectors across the globe despite the recent economic slowdown with Dubai and Abu Dhabi (UAE) and Doha (Qatar) topping the regional list, said a report.   Over the p

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G20 must tackle ‘grim’ global economy: China

The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China's trade minister Gao Hucheng said on Saturday. Gao made the remarks at the start

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Emerging markets hit by commodities, credit and currencies

The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices. These three factors are often portrayed as separate "shocks" but should really be seen as manifestati

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Gold hits 3-month high on global economy concerns

Gold hit three-month highs on Monday, extending its biggest weekly rise since July 2013 as sliding stock markets, global growth uncertainty and a softer dollar prompted investors to seek safety in hard assets. Spot gold reached a

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IMF cuts global growth forecast over China, oil slump

The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, citing a sharp slowdown in China trade and weak commodity prices that are hammering Brazil and other emerging markets.

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Prospects slim for major global economic pickup

The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low. The US Federal Reserv

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