The Latest Breaking News from Economy

Asian shares have advanced as investor sentiment was buoyed by another rally on Wall Street

ANALYSIS: Analysis: Americans voted for Trump because they believed he would lower prices and the cost of living. New surveys show people are losing their faith that he’ll accomplish that

Faced with persistent inflation and a slowing economy, the Federal Reserve finds itself in a tight spot ahead of its interest rate decision this week.

Trump will need to substantively boost the economy if he and Republicans want to maintain power.

Spending in 2023/24 was equivalent to 10.9% of gross domestic product, or the total value of the economy.

The OECD has lowered its eurozone GDP growth forecast to 1.0% for 2025, down from 1.3% in December, citing weak investment and rising geopolitical risks. Global growth is also revised down to 3.1% as trade disruptions weigh on sentiment.

Nigeria has abundant human and natural resources but remains mired in underdevelopment. There are high levels of poverty, corruption, unemployment and inequality. The country is currently witnessing a rise in ethnic militias and terrorism, adding to the threats posed by armed herdsmen’s deadly clashes with rural communities over land.

US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount

Trade tensions and geopolitical uncertainties are weighing on economic perspectives, the Organisation for Economic Co-operation and Development said on Monday as it lowered its projections for global growth in 2025.