Risk of Global Recession in 2023 Rises Amid Simultaneous Rate Hikes As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging market and developing economies that would do them lasting harm, according to a comprehensive new study … Read More

Sudan Economic Outlook Recent macroeconomic and financial developments GDP grew by an estimated 0.5% in 2021, recovering from a negative 3.6% in 2020. Growth was supported by agriculture and mining on the supply side, and private consumption and investment on the demand side. The recovery follows several years of economic contraction stemming from macroeconomic imbalances, structural deficiencies, political instability, and … Read More

Saudi Arabia to invest $3 billion in Sudan Saudi Arabia pledged to invest three billion dollars in Sudan, announced the Sovereign Council following a meeting between General Abdel Fattah al-Burhan and Crown Prince Mohammed bin Salman on Monday. Al-Burhan and bin Salman met on the sidelines of the Middle East Green Initiative meeting held in Sharm el-Sheikh, Egypt where takes … Read More