The latest personal consumption expenditures index and Fed Reserve’s preferred inflation gauge have come in hotter than expected. This has rattled financial markets and raised concerns that the US economy is now hurtling toward recession, said an expert.
The de-escalation in US-China trade tensions has led Fitch to make upward revisions to growth forecasts compared to April. But the world economy still faces a sharp slowdown induced by the most severe trade war since 1930s, says the top ratings agency.
Over the past decade, the private credit industry has seen robust growth globally. In the Middle East, the Saudi and UAE markets have seen transformative economic shifts that has created a fertile ground for private credit investment, said an expert.
Among world’s youngest regions, Middle East is at the forefront of a generational shift in workforce values, prioritising financial stability and mental well-being over traditional markers of success such as climbing the corporate ladder, said a report.
The Middle East continues to distinguish itself as a global economic outperformer, with UAE and Saudi leading the charge. While GDP growth is set at 3.2% this year, UAE will grow by 4% and KSA 3% with further acceleration seen through 2027, said a report.
The market impact of US strikes on Iranian sites is beginning to reshape investor views across asset classes and geographies. As markets reopen, they are bracing for sharp volatility, with high oil and inflation forecasts under scrutiny, said an expert.
