according to data

Washington, July 5 (SANA)African economies will continue to pay the price of the oil price shock caused by the war in the Middle East, despite the recent decline in prices following the interim US-Iran agreement on June 18, according to data from Oxford Economics cited by CNN Business. The sharp rise in energy costs, driven by the closure of theStrait of Hormuz, has pushed up inflation, reduced purchasing power and increased production costs across the continent, keeping growth projections weak…

In this context, I sought the views of industry representatives on the significant contribution that the information technology, electrical and electronics sectors could make towards increasing Sri Lanka's export earnings and foreign currency inflows. It was highlighted during the discussion that the information technology sector, currently Sri Lanka's third-largest export revenue earner, has the potential to generate US$5 billion in annual export earnings. It was also noted that the electrical …

The latest set of government accounts supports other evidence that the economy is strengthening, Finance Minister Nicola Willis says. The Financial Statements of the Government for the 11 months to May show core Crown revenue up $1.7 billion on the forecasts in the Budget and core Crown expenses $900 million lower than forecast. “The biggest contributor to the improvement in Crown revenue was corporate tax revenue being $700 million higher than forecast. This is positive because it indicates a…

The Central Statistics Office today (2nd July) published the Annual National Accounts for the full year 2025 and revised estimates for the first quarter of 2026. Commenting on the figures, the Tánaiste and Minister for Finance, Simon Harris. T.D. said: “I welcome today’s data from the CSO which confirms that the domestic economy continued to grow strongly last year. Rising real incomes, boosted by a robust labour market, supported consumer spending, which grew solidly by 2½ per cent. At the s…

Santo Domingo.- Dominican banking credit aimed at micro, small and medium-sized enterprises (MSMEs) experienced an interannual growth of 9.1%, according to data from the report Financing for micro, small and medium-sized enterprises, published by the Superintendency of Banks (SB) on its website. The document details that the portfolio amounted to RD 576,837 million in April 2026, and is mainly intended for the commerce, construction, real estate activities, tourism, electricity supply, industry…