Costa Rica had its credit upgraded by Moody’s Ratings, citing the nation’s “meaningfully” improved fiscal and debt situation on the back of fiscal discipline and economic growth https://t.co/Ikmk31Uioy ...

Well, I think I'm respectfully disagree with with President Trump statement because, you know, it took migration and climate change, as I would say, the major challenges that we have to fight against for. And I said, well, look, if you took the experience of Spain is the contrary. So thanks to Climate two, to these, say, green policies, we have dropped the electricity prices since 2017 till now by 50%.So that enables us to gain competitiveness. And thanks to that, we are witnessing this extraordinary outcom ...

RT Bloomberg Live (@BloombergLive)TOMORROW: What is the link between environmental protection and economic growth? And what relationships are furthering the EU's strategic partnerships in today's climate diplomacy landscape?@flacqua sits down with the @EU_Commission's @JessikaRoswall at #BloombergGreen. Live at 11:00 AM ET!Find out more: https://t.co/IaooKEzubA ...

All right, our next guest is here to share some new data on the growing economic force of Latinos in the United States. Joining us right now is Trujillo Group's founder and chairman, Salt Salt Trujillo. He is the chairman of the Latino Donor Collaborative, the founder of Latitude Ventures Fund and founder of the Velocity Business Conference, which is kicking off in Los Angeles later today.They're releasing part two of their US Latino GDP report which measures the economic growth and influence of US Latinos ...

German business confidence unexpectedly dropped, highlighting the fragility of Chancellor Friedrich Merz’s plan to restore growth in Europe’s biggest economy https://t.co/3xHF8w9HUH ...

Denmark’s central bank cut its growth outlook as challenges at drug giant Novo and US tariffs weigh on the Scandinavian economy https://t.co/ux4MtDwMPU ...

Economic Outlook - The U.S. economy has shown resilience despite substantial changes in trade, immigration, fiscal, regulatory, and geopolitical policies, with their long-term implications still emerging [5] - Recent data indicates a moderation in economic growth, with GDP rising at approximately 1.5% in the first half of the year, down from 2.5% growth last year, primarily due to a slowdown in consumer spending [6][7] - The unemployment rate edged up to 4.3% in August, with payroll job gains slowing sharply to an average of 29,000 per month over the past three months, indicating a less dynamic labor market [9] Inflation Trends - Inflation has eased from its highs in 2022 but remains elevated, with total PCE prices rising 2.7% over the 12 months ending in August, up from 2.3% in August 2024 [10] - Core PCE prices rose 2.9% last month, driven by increases in goods prices, which reflect higher tariffs rather than broader price pressures [10][11] - There is uncertainty regarding the path of inflation, with a reasonable expectation that tariff-related effects will be short-lived, leading to a one-time shift in the price level [11][12] Monetary Policy - The balance of risks has shifted, with increased downside risks to employment and upside risks to inflation, prompting a move towards a more neutral policy stance [14][15] - The target range for the federal funds rate was lowered by 25 basis points to 4 to 4¼ percent, which is still considered modestly restrictive [15] - The policy approach will remain flexible, adapting to incoming data and evolving economic conditions while aiming to support maximum employment and achieve the 2% inflation goal [16][17]

Economic Growth & Tax Revenue - Nigeria is projected to achieve its 2025 tax revenue target earlier than anticipated [1] - Tax collections last month are nearing the government's annual target [1] - Strong economic growth is contributing to the increased tax revenue [1]

Migration Challenges & Opportunities - The report highlights the exploitation of migrants, particularly women, who are often sexually abused and underpaid in countries like Saudi Arabia and Dubai [13] - Irregular migration routes expose migrants to dangers, with some spending as much time traveling as previous generations despite modern transportation [7] - Artificial intelligence poses a threat to migrant workers as automation could displace up to 400 million people globally [17] Policy Recommendations - The report urges for policy shifts in national migration policies to negotiate labor agreements that ensure fair wages and protection for migrant workers, with a portion of their earnings sent home through official channels [13][14] - Advocate for a reverse migration strategy to bring back skilled migrants and scientists to contribute to national development [17] - The report suggests re-evaluating and redefining national borders to facilitate safer, more regular, and beneficial migration for national development [24] Economic Impact of Migration - Remittances contribute significantly to the economy, with 37 billion NRA (currency not specified, needs clarification) realized in 2004, but the report suggests better investment strategies for these funds [10][11] - Migration is a North-South issue, with the Global South often losing skilled workers to the North, hindering their own development [10][11] - The report emphasizes that migration, if managed well, can benefit individuals, sending countries through remittances used for development, and receiving countries [17]

Kazakhstan is pushing ahead with efforts to wean itself off oil, leaning on China and plowing tens of billions of dollars into supporting growth https://t.co/ZyYL4GAC9B ...