US President Joe Biden unveils a $6.8 trillion budget proposal with key provisions aimed at boosting American competitiveness against China, while Beijing rails against economic containment and suppression. Plus, a sell-off in US bank shares sparked by a run on a small California lender spreads to Asia and Europe as markets tumble.
Vladimir Putin claims the Russian economy has withstood Western sanctions, as he prepares to mark one year since the invasion of Ukraine. While Russia's GDP has contracted less than many analysts expected, Beata Javorcik of the EBRD explains that's largely the result of years of "sanctions-proofing", and doesn't mean that households and businesses aren't suffering.
The Indian economy is expected to grow 6.9 % in the 2023 fiscal year, the World Bank has forecasted. But despite economic growth, India still has one of the highest levels of income inequality in the world.
This week, a major upheaval hit one of India’s top business empires. Adani Group has operations in everything from coal mining to telecoms. Its seven main units were recently worth an estimated $220 billion. But a blistering report by an American investor research firm accusing the conglomerate of massive fraud and market manipulation has sent its stock price plummeting, along with the personal fortune of billionaire founder Gautam Adani.
Germany managed to stave off a full recession in 2022, with the economy performing better than expected. Although Russia's war in Ukraine and high energy prices slowed growth, the economy "managed to perform well."
Could the protests against the government's zero-COVID strategy trigger political reform? DW asks an expert on social change in urban China, Björn Alpermann.
This week, we're focusing on Qatar and asking what the economic impact of hosting the FIFA World Cup could be. Can this be a transformative event for the gas-dependent country? Or will it be a financial abyss worth an estimated $200 billion? We ask Alexis Antoniades, an economics professor at Georgetown University’s campus in Qatar.
Nigeria's inflation rate has hit a Seventeen year high. This is a report by the National Bureau of Statistics released in September 2022. GuardianTV takes an in-depth look at the reasons for the all-time inflation.
Streets were quiet in the normally bustling heart of Accra's central business district on Wednesday as traders in the Ghanaian capital closed their shops to protest worsening economic conditions.
Young and educated workers are leaving Nigeria amid high inflation and a plunging naira, creating a 'brain drain' ahead of next year's presidential election.
Economists often warn of the consequences of a recession; companies go bankrupt, and jobs are lost. But in forcing weaker firms out of business, a recession can leave more room for growth and recovery.
US President Joe Biden has declared the pandemic to be "over," but hundreds still die in the US daily. Patient advocates and researchers warn that public health and the economy are still at risk.