Tag Archives: economics

The Automotive Sector as a Catalyst for Economic Growth in Nigeria Ekiti Governor, Biodun Oyebanji, has emphasized the significant potential of Nigeria’s automotive sector to drive economic growth and sustainable development. He highlighted that this industry should serve as a hub for creative and innovative ideas, particularly in the technological domain, to meet the demands of the 21st century. During …

Rising Motorcycle Production in Thailand, but Challenges Loom Thailand’s motorcycle industry has seen a surge in production and sales during the first five months of 2025, yet this growth does not necessarily signal a bright future for the sector. According to the Federation of Thai Industries (FTI), the industry is expected to face a slowdown in the second half of …

A Descent into Debt: The Story of a Businessman and His Wife When Bobby Tan, a businessman from Southeast Asia, found himself in financial trouble due to cash-flow issues in his health supplement business, he turned to a professional networking group in Hong Kong for help. He borrowed HK$300,000 (US$38,220) from a licensed small lender in April last year. What …

The Impact of Austerity Measures on China’s Economy China is currently navigating a complex economic landscape, marked by domestic challenges and an ongoing trade war with the United States. As part of a three-part series, this article delves into the government’s efforts to curb wasteful spending and the unintended consequences that have emerged from these measures. The Civil Servant’s Dilemma …

Trump’s Tariff Strategy: A Bold Move with Uncertain Outcomes President Donald Trump has once again taken a dramatic step in his trade policy by announcing new tariffs that could significantly impact the global economy. This move echoes his previous actions, which had caused financial markets to react strongly, leading to a drop in consumer confidence and his popularity. However, this …

Market Volatility Amid Tariff Threats and Trade Talks Stock markets experienced mixed performance on Wednesday as investors evaluated the implications of Donald Trump’s recent tariff threats. The situation is further complicated by ongoing trade negotiations, with the US president emphasizing that he will not extend the deadline for reaching agreements. Investors appeared to handle the news about Trump’s new tariff …

Trump’s Tariff Strategy and Global Economic Uncertainty US President Donald Trump has announced that he will extend the deadline for imposing “reciprocal” tariffs on numerous economic partners until August 1. This decision signals a shift in his approach, as he aims to maintain pressure on trading partners while keeping the potential for a trade war alive. The extension adds another …

A New Era for Ghana’s Economy: From Deficit to Net Lending In the first quarter of 2025, Ghana achieved a significant economic milestone by recording a net lending position to the rest of the world. This accomplishment marks a turning point from years of persistent deficits and external vulnerabilities. The combined surplus of $2.2 billion in the current and capital …

The Path to Legal Reform in Ghana Improving institutional governance, such as strengthening the rule of law and regulatory quality, can significantly boost GDP growth. According to cross-country analyses, each unit increase in governance performance can lead to a 0.5 to 2.3 percentage point rise in GDP growth. Similarly, the World Bank highlights that accountable and effective justice systems are …

The Impact of Trump’s Threat on Australia’s Pharmaceutical Industry Donald Trump has raised the stakes for Australia by threatening to impose a 200% tariff on pharmaceutical exports to the United States unless significant changes are made to the country’s medicinal subsidy system. This move has created a potential financial burden for Australian consumers, especially those with chronic health conditions or …