Friday 28 April 2017
 
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Global economy

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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Prospects still 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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Stocks fall on global growth worries

Global equity markets fell sharply on Friday as slumping oil prices raised concerns about slower growth, while the dollar slipped against the yen on views the Bank of Japan may not ease policy as much as expected. Trading in crude

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Oversupply pressuring oil price says Kuwait

Kuwait's Oil Minister Ali Al-Omeir on Sunday said the drop in the oil price was a result of excess supply and a decline in the global economy. The recovery of the oil price is dependant on the recovery of the global economy, A

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