Growing Pressure on Pension Savings Chancellor Rachel Reeves is examining cuts to tax-free pension lump sums in a major reform that could save over £2bn annually, as the Treasury seeks to address a £50bn hole in public finances. The Treasury is considering reducing pension tax relief from 40% to 20% for higher earners, a measure […]
Economic Resilience and Development Togo’s economy continues to show resilience in 2025, with GDP growth projected at 5.1%, though slightly slower than the previous year’s 5.3%. The country’s fiscal deficit is expected to decrease to 3% of GDP in 2025, supported by improved revenue collection and reduced public spending. This consolidation is partially offset by […]
Economic Recovery and Growth Nepal’s economy has shown remarkable resilience, with real GDP growing by 4.9% in the first half of FY25, up from 4.3% in the previous year, despite facing natural disasters and tourism disruptions. This improved growth forecast is being driven by several factors, including a gradual recovery of domestic demand, private sector […]
Remarkable Economic Turnaround Sri Lanka’s economy has demonstrated a remarkable recovery in 2024, surpassing growth expectations by recording 5 percent growth, compared to the projected 4.4 percent, according to the World Bank. The nation is experiencing a vigorous rebound in 2025, with key destinations such as Colombo, Galle, Kandy, Nuwara Eliya, Trincomalee, and Anuradhapura leading […]
A Territory at a Critical Juncture Puerto Rico stands at a critical juncture in its development as it enters a new four-year period. According to the latest “Perspectivas” publication by Estudios Técnicos Inc., the island’s trajectory through 2029 will be shaped by the interaction of global economic trends, demographic shifts, and policy decisions. Economic Recovery […]
Economic Transformation and Growth Prime Minister Donald Tusk has unveiled Poland’s economic development strategy for the coming year at the Warsaw Stock Exchange, alongside Finance Minister Andrzej Domański. The comprehensive plan is built on six key pillars: scientific advancement, energy transformation, technological innovation, infrastructure development, capital market dynamism, and business support. The initiative represents the […]
