Tag: world news

S&P Global chief executive officer Doug Peterson gave his assessment that global companies will continue to slow down their investment efforts as they remain cautious amid global economic issues such as inflation and the prospect of an impending recession. "A lot of companies that I've...

The World Bank reduced its 2023 growth forecasts on Tuesday to levels whereby numerous countries would find themselves nearing recession. Having forecast global growth at 3.0% in June 2022, the World Bank now expects 2023 global GDP growth to be around 1.7%; the slowest...

Foreign exchange reserves fell by 6.2%, a total of $372 billion, during the first half of 2022. This is the largest six-month decline since the six months ending January 2016. Thailand suffered the largest decline of 10.4% to $201.4 billion for the six-month period ending...