#global-economy

#global-economy

This landmark free trade agreement between India and the UK marks a significant post-Brexit deal for Britain and furthers India's global economic partnerships.

Gita Gopinath, the first woman to serve as chief economist at the IMF, is leaving her position to return to Harvard University, marking a significant transition.

The US economy, the single biggest driver of global growth, has defied expectations across numerous metrics, with inflation staying low and employment remaining robust.

A UK government-funded study shows that without concerted action, increased rates of antimicrobial resistance (AMR) could lead to global annual GDP losses of $1.7tn over the next quarter of a century.

The G20 finance ministers have reached a consensus emphasizing the need for central banks to remain independent in response to months of criticism from President Trump. In their joint declaration, they identified crucial global economic challenges including trade disputes, supply chain disruptions, ongoing wars, and natural disasters. This marked the first joint statement since last October, reflecting a collective commitment to policies aimed at ensuring price stability. They reiterated that adjustments would be made based on data, highlighting the importance of central bank independence.

Billionaires as a group now account for 1.7% of total wealth worldwide, but in certain countries, this figure can exceed 4.0%, showing significant wealth concentration.

The cracks in the international order have been visible since the invasions of Iraq and Afghanistan, and intervention in Libya, culminating in the current war in Ukraine.

The year 2025 should be a time of celebration, dedicated to the 80th anniversary of the United Nations. But it risks going down in history as the year in which the international order built since 1945 collapsed.

Trump announced additional tariffs, targeting six countries with rates ranging from 20% to 30%, igniting concerns over escalating trade tensions.

The US is the world's second-largest manufacturer after China, adding $2.9 trillion to the global economy. However, manufacturing contributes far fewer jobs in the US than it once did.

The success that the ECB has had in curtailing inflation and retaining the Euro's strength will have had a huge part in giving ECB President Christine Lagarde the confidence to suggest that the Euro could replace the Dollar as the global reserve currency.

The global economy is getting a hardware refit and trying out a new operating system-in effect, a full reboot, the likes of which we have not seen in nearly a century.

"The United States and China have reached an agreement to accelerate shipments of rare earth minerals to the US, marking progress in the trade war negotiations."

If Iran does shut the Straits of Hormuz, between 20 and 30% of all the world's oil and gas goes through that strait. The economic shock that would cause across the world would make what happened when Russia invaded Ukraine just over three years ago seem like small change.

The unpredictable global outlook combined with rising employment costs and subdued investment intentions creates significant challenges for UK businesses and the economy.

The escalating crisis between Israel and Iran has triggered the largest single-day oil price surge in three years, raising concerns over future price hikes.

Over the past decade, politicians from both parties have courted American voters with an enticing economic prospect—the dream of bringing manufacturing and manufacturing jobs back to America.

We're advancing in the right direction at pace," Šefčovič said at a news conference. He said ongoing technical meetings between EU and U.S. negotiators in Washington would be soon followed by a video conference between himself and Greer to then "assess the progress and charter the way forward.

President Trump’s 2025 tariffs, intended to protect domestic manufacturing, are significantly disrupting startups, increasing costs, and enforcing complexities in international trade.