East Timor is expected to see a significant increase in economic growth, with forecasts suggesting a rise from 1.5% in 2023 to 3.5% in 2024. This projection comes from the latest analysis by the International Monetary Fund (IMF). This growth, however, is forecasted to decelerate to 3.2% by 2025 and further slow down to 3% […]
Related Posts
Germany Eyes Draft Reinstatement as Russian Threat Grows
As the Ukraine conflict continues, Germany considers reinstating mandatory military service for young adults over 18. This move aims to enhance the combat readiness of the German Armed Forces (Bundeswehr), which is currently far from battle-ready. The German Ministry of Defense, advised by military leaders, is evaluating three implementation proposals, two involving compulsory service. German […]
Lula and Central Bank Head Plan First Meeting
Brazil’s President Luís Inácio Lula da Silva will meet Roberto Campos Neto, the country’s Central Bank leader. They’ll discuss interest rate cuts to boost the economy. Campos Neto asked for the meeting in a letter. Lula agreed and invited Finance Minister Fernando Haddad to join. The talk is set for Wednesday afternoon at the Presidential […]
Rise in Venezuelan Oil Exports to the U.S. Reported
The U.S.-Venezuela Chamber of Commerce announced a notable rise in trade, partly due to Chevron resuming its operations in Venezuela. During the year’s first half, Venezuelan oil sales to the U.S. hit $1.209 billion. Total exports, including other goods, reached $1.396 billion. This marks a 555.7% rise compared to the first half of 2022. Non-oil […]