It is a global recession with economic growth among lowest in four decades

Inequalities, lack of uniform growth among countries making global economic recovery difficult, shows UN’s Trade and Development …

Sub-Saharan Africa’s debt burden increased to a record $789 billion in 2021, highest since 2010

Low economic growth, skyrocketing inflation, the Ukraine war, massive debts and climate change increased the region’s dependancy on private …

Nigeria has just hiked interest rates: Why it’s the wrong recipe for curbing inflation

Hike would lead to an increase in the value of the Naira through what’s called “Carry Trade”

EU offers 750 bln euros in grants and loans to overcome COVID-19 recession

The package will need to be ratified by the European Parliament before it is implemented

COVID-19: Global recession, unmatched in 80 yrs, currently underway, says World Bank analysis

The average developing economy is less well placed to respond to a global downturn now than before the 2009 global recession  

COVID-19: The world is staring at a recession — the first to be driven by a pandemic

The novel coronavirus disease and measures to contain outbreaks can shrink the global economy by 5.2%; that would be the 4th-…

Inflation is rising in Kenya: Here’s why, and how to fix it

Politicians eyeing Kenya’s 9 August polls have been offering solutions in exchange for votes  

Global growth to slow in 2023, trade to grow at less than a third the pace before pandemic: World Bank

Growth projections for 70% emerging markets & developing countries downgraded  

COVID-19: 400 mln jobs lost in Q2 2020, says ILO

Job losses up 400% in Africa, Asia since first 3 months; working hours lower than estimates

Redundant since 2019: The 12th ministerial conference fails to revive WTO Appellate Body

Reappointment of judges to the appellate body stopped in 2017 

Trade rules are deeply flawed but Trump’s tariff fixation is hurting America and the rest of the world

International trade rules are unfair, but even Trump’s tariff-centric trade policies won’t fix what’s broken about the global …

India’s deep economic paralysis just set in

Amid the second wave of the COVID-19 pandemic, India enters into a situation that currently looks unimaginably distressed.

What is an inverted yield curve? Why is it panicking markets, and why is there talk of recession?

The yield curve is a graph showing the relationship between interest rates earned on lending money for different durations

COVID-19: Tanzania needs $1.1 billion support right away, says IMF

Current account deficit of the east-African country expected to widen to 4.5% of 2021-22 GDP    

COVID-19: $2.5 tln needed by developing countries to weather economic crisis, says report

Debts of $1 trillion owed by developing countries needs to be cancelled

Looking forward

Injecting the theoretical strength of the planned economy into a capitalist market economy, might make it possible to moderate the business …

IIM fee hike: What are the consequences

Fee hike in unregulated IIMs and the lack of it in regulated institutions elucidate a grave concern. Did the autonomy play a significant role in …

Data obscurity keeps West Asia, North Africa from reaching growth potential: World Bank

Growth forecasts in the region more often inaccurate, overly optimistic than other places

Is the commodities super cycle slowdown a shock for Africa?

From Nigeria to Angola, South Africa or Zambia, decline in commodity prices is deflating growth and the ripple effect is affecting the reality of …

Global economy’s weakest half-decade performance in 30 years likely by end of 2024, warns World Bank

Calls for $2.4 trillion increase in investment by developing countries for course correction

Almost 60% of Africa’s low-income countries in debt distress: UNCTAD

Ghana and Tunisia are in talks with the International Monetary Fund (IMF) for emergency loans

Former UK PM Gordon Brown now WHO ambassador for global health financing

Brown had warned that 100 million COVID-19 vaccines would go waste unless global leaders shared surplus supplies with the poorest countries 

COVID-19: Asia-Pacific countries must act against recession-induced hunger

Sub-Saharan Africa, home to the world’s highest hunger rates, must now brace for its first recession in a quarter of a century

COVID-19 community transmission in 26 of 54 African countries: WHO

Several African countries have a poor healthcare system — about five hospital beds per 10,000 population

Global forest product industries recover from recession

India emerges one of the top five forest products consuming countries