Russia's Central Bank analysts have again raised their forecasts for the average key rate in 2024, this time to 17.1% from the 16.8% they were predicting in July. The 2025 forecast rises to 16.1% from 15%, 2026 to 11.5% from 10.6%, …
By the end of 2024, Türkiye wants to reach a passenger flow of 230 million people. From January to July, the country has already been visited by almost 130 million people.
The Georgian economy has been projected to grow 5.2% in 2024 in the June edition of the World Bank’s Global Economic …
Georgia's GDP grew 11.8% year-on-year in April 2024, the Georgian National Statistics Service reported. The average growth rate for the first four months of 2024 was determined at 9%. Manufacturing, construction, …
The U.S. Congressional Budget Office has kept its forecast for the country’s national debt to rise to a record 166% of GDP by the end of 2054. The U.S. national debt will increase from 99% of GDP in 2024 to 166% of GDP in 2054. …
Global oil production in April 2024 decreased by 200,000 barrels per day (bpd) to 102 mln bpd, according to the International Energy Agency (IEA). It …
The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Azerbaijan’s economic growth to 3.1% in 2024 (from the 2.4% it …
A catastrophic earthquake will occur near Istanbul in a few years, the scientist believes. According to his estimates, the magnitude of the phenomenon will exceed 7 points, which will lead to tens of thousands of victims.
The International Monetary Fund has revised upward its estimates of economic development of Russia and forecasts Russia’s GDP to grow by 2.6% in …
Experts from the authoritative US analytical center Stratfor predict significant progress in peace negotiations between Azerbaijan and Armenia in the coming year, as well as strengthening Russia's influence in the South Caucasus.
A major earthquake may hit Türkiye in the coming months, a local geophysicist warns
Global tourism could return to pre-pandemic levels next year. The UN said that in 2023, tourism revenue would be about 93% of 2019 levels.
The World Bank reported that oil prices could be pushed into “uncharted waters” if the conflict between Israel and Hamas widens, which could result in increased food prices worldwide. The World Bank’s …
Frosts are expected in Moscow this weekend and the next week
The International Monetary Fund (IMF) forecasts price of a barrel of oil will go down this year by 16.2%, to $81.13, according to the IMF’s World Economic Outlook update. "In 2023, oil prices are projected to fall by about …
The World Bank on Tuesday trimmed its global growth forecast for 2023 from 3% to 1.7%. The decrease is due to monetary policy tightening to tame elevated inflation, reduced investment, and disruptions caused by the Ukraine war, the bank …
The international rating agency Fitch Ratings improved the forecast for Azerbaijan's GDP growth from 3.6% (April forecast) to 4.3% in 2022. In 2023-2024, the country's GDP growth is expected to be at the level of 2.3% per …
The United Nations Conference on Trade and Development (UNCTAD) lowered its global gross domestic product (GDP) forecast for 2022 from 3.6% to 2.6%. In the agency’s new report, world growth estimates were hit by downside risks to …
The Organization of Petroleum Exporting Countries (OPEC) keeps the forecast of oil demand growth at the level of 4.2 mln barrels per day in 2022 and at the same time slightly revises the growth estimate as of 2021 year-end to 5.7 mln barrels …
Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the Omicron coronavirus variant coupled with increased supply disruptions and OPEC+ shortfalls. …
