World Economy

A group of 40 former world leaders, including ex-British Prime Minister Gordon Brown, has called for urgent global cooperation to address rising inequality and poverty as the prospect of the world’s first trillionaires looms. The leaders’ letter, organized by Club…

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has expressed concerns over the potential global impact of new tariffs announced by U.S. President Donald Trump, Anadolu Agency reported. In a statement on Thursday, she warned that these tariffs…

The 2025 World Economic Forum (WEF) Annual Meeting began on Monday, January 20, in Davos, Switzerland, highlighting the need for global collaboration amid ongoing uncertainties, Xinhua reported. Under the theme “Collaboration for the Intelligent Age,” this five-day event has attracted…

Billionaires’ wealth increased significantly in 2024, with a report from Oxfam International revealing that their fortunes grew three times faster than the previous year. The total wealth of billionaires rose by $2 trillion, averaging approximately $5.7 billion per day, bringing…

Global electric vehicle (EV) sales reached a historic high of 17.1 million units in 2024, marking a 25% increase from the previous year, Anadolu Agency reported citing Rho Motion. This surge was fueled by four consecutive months of exceptional performance.…

Over 150 Nobel and World Food Prize laureates have issued an open letter calling for immediate efforts to enhance global food production amidst an impending hunger crisis, The Guardian reported. The coalition emphasizes the need for prioritizing research and technology…

The United Nations has projected global economic growth to remain modest at 2.8% in 2025, consistent with the growth rate for 2024, according to the latest World Economic Situation and Prospects report. This stability comes amidst ongoing structural challenges and…

World economic growth is projected to slow to 2.7% in 2025, down from 2.9% in 2024, Anadolu Agency reported citing a forecast released by the International Institute of Finance (IIF) on Wednesday. The IIF anticipates that the average GDP growth…

The World Trade Organization (WTO) released on Thursday, November 21, a significant report titled “Trading with Intelligence: How AI Shapes and is Shaped by International Trade,” Xinhua revealed yesterday. The report examines the transformative potential of artificial intelligence (AI) on…

The Global Multidimensional Poverty Index (MPI) 2024 report reveals that approximately 1.1 billion people worldwide live in multidimensional poverty, with alarming disparities exacerbated by conflict. The report highlights the urgent need for targeted interventions to address the intertwined issues of…