A new UN report forecasts that the Arab region is seeing a gradual economic recovery despite continuing geopolitical uncertainties.The UN Economic and Social Commission for Western Asia, or ESCWA, reported that regional growth is projected to pick up from 2.9 per cent last year to 3.7 per cent in 2026.That compares well with global averages and pre-pandemic growth of around 3.2 per cent.The UN bod...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.