Latest News

OECD ups world growth forecast but sees Middle East 'risk'
OECD ups world growth forecast but sees Middle East 'risk'
Economy
by  AFP

The OECD raised its 2024 world economic growth forecast Monday but warned that the Middle East conflict posed a risk, with disruptions in Red Sea shipping threatening to increase consumer prices. "High geopolitical tensions are a significant near-term risk to activity and inflation, particularly if the conflict in the Middle East were to disrupt energy markets," the report said.

Turkey's January inflation piles pressure on central bank
Turkey's January inflation piles pressure on central bank
Economy
by  AFP

Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday. The monthly inflation rate in January, however, climbed to 6.7 percent, from 2.9 percent in December, following a 49-percent rise in the minimum wage that went into effect in January.