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Tag Archives: economy

British economy in recession

LONDON, ENGLAND | Xinhua | The British economy has entered a recession following two successive quarters of contraction in the second half (H2) of 2023, official data showed Thursday. Britain’s gross domestic product (GDP) fell by 0.3 percent in the fourth quarter (Q4) of 2023 after shrinking by 0.1 percent …

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Committee on National Economy to assess country’s debt

Kampala, Uganda | THE INDEPENDENT | Concerns on the increasing public debt burden continue to dominate debate and this time, Deputy Speaker, Thomas Tayebwa has directed the Committee on National Economy to make an assessment on the country’s public debt and report back to Parliament. Tayebwa made the directive during the …

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AfDB introduces new model to help turn Ugandan economy

Kampala, Uganda | THE INDEPENDENT | Uganda has been selected among five African countries to be supported by the African Development Bank to develop circular economy policies. A circular economy is an economic system based on the reuse and regeneration of products to continue production sustainably, minimizing waste, and increasing …

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Where will the global economy land in 2024?

Many stagflationary megathreats over the medium-term horizon could push growth lower and inflation higher COMMENT | NOURIEL ROUBINI | Around this time a year ago, about 85% of economists and market analysts  including me  expected that the U.S. and global economy would suffer a recession. Falling but still-sticky inflation suggested that …

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Vibrant consumption fuels China’s economic recovery

NANCHANG | Xinhua | Despite external pressure and internal difficulties, China’s economy has achieved a recovery and made solid progress in high-quality development in 2023, noted the annual Central Economic Work Conference held last week. Among various factors propelling growth, consumer spending is playing an increasingly important role, accounting for …

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