World Economy

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…

The 2024 Global Hunger Index reveals that 733 million people worldwide lack sufficient calories, while 2.8 billion cannot afford a healthy diet, reliefweb reported yesterday. Despite a moderate global hunger score of 18.3, disparities persist, with regions like Africa South…

A new report released by The New York Times has highlighted potential global economic risks stemming from the escalating conflict in the Middle East, with a focus on rising oil prices. Experts have warned that the war in Gaza could…

A recent analysis by MIT economist Daron Acemoglu suggests that the anticipated AI takeover of the job market is exaggerated, predicting that only 5% of jobs will be replaced or significantly aided by AI in the next decade, New York…

Only 17 percent of chief economists anticipate strong growth in the Middle East and North Africa (MENA) for 2024-25, Arab News reported yesterday citing the World Economic Forum’s latest Chief Economists Outlook. The International Monetary Fund projects MENA’s growth to…

A recent report from the Global Network Against Food Crisis reveals a staggering rise in food insecurity, with 1.9 million people projected to face acute malnutrition in 2024—a significant increase from 705,000 last year, Anadolu Agency reported yesterday. The Global…

The halal ingredients market is projected to grow from $344.52 billion in 2024 to $395.16 billion by 2028, at a compound annual growth rate (CAGR) of 3.5%, News Wires reported yesterday citing the Business Research Company. According to the source,…

The global youth unemployment rate has fallen to 13% in 2023, the lowest in 15 years, according to the UN International Labour Organization (ILO). Despite this overall decline, disparities remain, particularly in Asia, the Pacific, and Arab States, where youth…