According to Shafaq News on May 17th, the latest "World Economic Situation and Prospects 2025" report released by the United Nations shows that the global economic growth forecast has been revised down to 2.4%.
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The latest survey data has sounded an alarm on the path of the US economy.
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Japan's economy was already showing clear signs of weakness before facing the full impact of U.S. President Donald Trump's trade policy.
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The economic data of the United States presents a fragmented picture. On one side, there are record tariff revenues and budget surpluses; on the other, GDP has contracted for the first time in three years, the probability of a recession has soared, and inflation is shrouded in gloom.
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Recently, according to the Nigerian Sun News, the Nigerian government has set an ambitious goal of expanding the country's economy to 1 trillion US dollars by 2030.
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In 2025, the global economic landscape has been dramatically reshaped by the aggressive tariff policies implemented by the U.S. president.
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Recently, the issue of the US debt ceiling has once again become the focus of the global economy US Treasury Secretary Janet Yellen has warned multiple times that if Congress fails to reach an agreement in the short term, the federal government could face the risk of default as early as June This political game, which has been ongoing for several months, not only concerns the credit of the US government but may also trigger a chain reaction in global financial markets.
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The latest data from the US Bureau of Labor Statistics shows that the consumer price index (CPI) rose 2.3% year-on-year in April, lower than market expectations for the third consecutive month, and the core CPI remained flat at 0.2% month-on-month.
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The United States and China announced on Monday that they have agreed to cut the recently imposed large-scale tariffs and restart stalled trade between the world's two largest economies.
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Recently, the news of the UK-US tariff trade agreement has stirred up waves in the global economic arena.
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On July 9, 2025, according to OFI, the Argentine government raised the export taxes on soybeans, corn and sunflower seeds again starting from July 1.
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