Türkiye’s Medium-Term Program (MPP), which presents the 3-year roadmap of the economy, has been announced. The government, which announced its main macroeconomic targets such as inflation, employment and growth for the period 2024-2026, lowered its growth expectations compared to the previous period and raised its inflation forecast.
On 11 August, RIA Novosti news agency reported: “The triple gas union of Russia, Uzbekistan and Kazakhstan may be expanded to include other countries, Dmitry Birichevsky, director of the Russian Foreign Ministry’s Economic Cooperation Department, told RIA Novosti.
In his inaugural speech on the 29th of May 2023, Nigerian president Bola Ahmed Tinubu ended the fuel subsidy per the provision of former Nigerian president Muhammadu Buhari’s administration. With a deteriorating economy and worsening debt profile, the idea that the subsidy hindered progress, among other myths, was finally sold widely. The masses did not […]
Kenya’s opposition leader Raila Odinga is leading weekly protests against high living costs and alleged fraud in last year’s vote. The protesters have accused President William Ruto of mismanagement, while his supporters have accused Odinga of using anger over rising prices, a global phenomenon, to press for political concessions and a possible role in government. […]
As the rupee continues to plummet in value, sparking huge inflation, doubts and fears are mounting over the country’s economic health, particularly its ability to pay the import bill, for essential items, in the coming weeks. There has been a steep decline in the central bank’s foreign exchange reserves, which have shrunk to a near […]
