Economy Industry News

Venezuelans struggle with crumbling economy as Trump promises economic renaissance

'They know that the outlook has significantly changed but they don't see it yet on the ground. What they're seeing is repression. They're seeing a lot of confusion,' says Luisa Palacios, a Venezuelan-born economist and former oil executive who is a…

U.N. predicts world economic growth to slip to 2.7% in 2026

Global economic growth is forecast to decline to 2.7% in 2026 from 2.8% last year before increasing to ​2.9% in 2027 — still down from a pre-pandemic average of 3.2% between 2010 ‍and 2019, ⁠according to a United Nations…

Bolivia government announces adjustments to economic plan

Jan. 9 (UPI) -- The government of Bolivia confirmed it will introduce changes to 35 articles of a decree that established a package of economic adjustments, including the end of fuel subsidies, as groups affiliated with the Central Obrera Boliviana…

Gov't Predicts Economy Will Grow 2% in 2026

The government expects the country's economy to grow two percent this year. The Ministry of Economy and Finance delivered its prediction for the gross domestic product(GDP) in its 2026 growth strategy report, released Friday, forecasting a figure…

Lebanon signs gas exploration deal with international consortium amid economic crisis

BEIRUT -- BEIRUT (AP) — Lebanon 's government on Friday signed a deal with an international consortium to explore gas in an offshore area bordering Israel. The deal for exploration at the so-called Block 8 off the coast of southern Lebanon…

UK economy set to have returned to growth despite budget caution

News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The UK economy is set to have returned to growth in…

Georgia, U.S. builders bullish on data centers. But economic fears grow.

Construction site raids by U.S. Immigration and Customs Enforcement also became widespread in 2025, raising concerns over workforce impacts in an industry that already faces labor shortages. A third of respondents reported having been affected by…

A stagflation doomsayer says the worst-case scenario is no longer hanging over US economy

An economist who spent much of 2025 warning of a worst-case scenario for the US economy is sounding a bit more upbeat as 2026 kicks off. Torsten Sløk, the chief economist at Apollo Global Management, said he believed the US is now on track…

More diplomatic and economic tensions surface between China, Japan as a bumpy week ends

BEIJING -- A week in which longtime tensions between neighbors China and Japan ratcheted up economically and politically drew to a close with no sign of improvements Friday as the Chinese ambassador in Tokyo rebuffed his host nation and the…

Spanish economy resilient despite global uncertainty: minister

BARCELONA, Spain, Jan. 9 (Xinhua) -- Spain ended 2025 with economic growth of 2.9 percent and is expected to expand by 2.2 percent in 2026, 'twice the pace of the eurozone,' Minister of Economy Carlos Cuerpo said on Thursday. In an interview with…

Economic implications of Maduro ouster are broad and deep

In the short term, there will likely be little effect on global oil supply and oil markets, industry analysts say. Although the Trump administration has said it wants to build out infrastructure there and make use of the oil resources that could be…

As Trump promises Venezuelan renaissance, locals struggle with crumbling economy

At the White House, President Donald Trump vows American intervention in Venezuela will pour billions of dollars into the country's infrastructure, revive its once-thriving oil industry and eventually deliver a new age of prosperity to the Latin…

Trump has set the stage for an American comeback after Biden's dismal economy

After a four-year economic bacchanalia, America was left with a cost-of-living crisis. Runaway government spending and overregulation pushed up prices for many essentials at a breakneck pace, like the cost of homeownership doubling. Fortunately…

Investors See Bright Side in Economic Outlook, Push Stocks to New Highs

The Startup Economy: Nothing Seems To Move, But Everything Does

$4 trillion and 100,000 new companies. These are the outcomes of a quarter-century of venture capital investments into startups. Since the new millennium, $4.2 trillion has been invested into the global startup economy, producing 97,982 scaleups.