People walk past sale signs at a shopping district in Seoul. Associated Press
Turkey’s consumer inflation fell to its lowest level in a year in June thanks to a high so-called base effect and a drop in food prices, potentially paving the way for the country’s first interest rate cut since last year’s currency crisis.
The strengthening of national and global food security was the topic on the agenda during the visit of Mariam Almheiri, Minister of State for Food Security, to South Korea last week. Building on the existing strategic alliances that the UAE has with Asia’s fourth largest economy,
Japan’s economy contracted slightly in the first quarter as corporate and consumer spending weakened, a Reuters poll showed on Friday. Exports also deteriorated amid trade disputes and weaker global demand, hurting the trade-reliant economy. Gross domestic product (GDP) is expected to have fallen 0.2% in January-March on an annualised basis,
The Information and Communication Technology (ICT) sector in the UAE has achieved significant progress in global ranking from the 6th to 2nd, according to the Global Competitiveness Index (GCI) 2019 issued by the World Economic Forum (WEF).
US retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
Although India’s economic growth rate has been cut to 6.1 per cent for the current fiscal year, it still remains “very strong” by global standards, International Monetary Fund’s (IMF) Deputy Research Director Gian Maria Milesi-Ferreti said.