President Trump wants to send Americans $2,000 tariff rebate checks in 2026, but many Republicans argue the money should be used to reduce the national debt. Analysts say the plan may cost twice as much as the projected tariff revenue, raising concerns about funding and inflation. While a few lawmakers support the idea, most remain skeptical, and some may seek alternative ways to satisfy Trump’s proposal.

EU ministers will press U.S. officials to enforce more parts of the July trade deal, especially reducing tariffs on European steel and removing duties on wine and spirits. Washington’s delay in approving tariff changes, along with new and expanded U.S. tariffs on metals and derivative products, is causing concern in the EU. Both sides will also discuss cooperation on regulations, energy purchases, and economic security in response to Chinese export controls.

The Q4 2025 global economic outlook has been upgraded to 2.62% growth, supported by policy-driven demand, easing inflation, and partial tariff rollbacks. Inflation is expected to decline in most regions except the Americas, while major central banks, including the U.S. Federal Reserve and ECB, have cut interest rates to support demand. Global merchandise trade is forecast to grow 2.4% in 2025, though risks remain due to tariffs, supply chain pressures, and weakening demand in

External Affairs Minister S. Jaishankar warned that global politics increasingly outweighs economics, urging India to diversify its supply chains to ensure resilience and national security. He highlighted shifts in the global order, with the US pursuing individualized engagement and China operating independently, increasing uncertainties for countries worldwide.

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Cyclone Ditwah is expected to push Sri Lanka’s inflation higher due to damage to agriculture and disruptions in supply chains. Analysts warn the rupee may weaken further as the country increases imports of essential goods. The LKR has already depreciated 1.3% in the past month amid low forex liquidity and higher import demand.

Commercial Bank of Ceylon has been named Sri Lanka’s Best Trade Finance Bank at the Euromoney Transaction Banking Awards 2025 for its strong leadership in supporting national trade. The Bank commands significant market share—21% in exports and 14.26% in imports—and handled over US$ 5 billion in trade transactions in 2024. Its digital platform, ComBank TradeLink, along with regional recognition from ADB, further strengthens its position as the country’s leading private sector

Greece's finance minister, Kyriakos Pierrakakis, has been appointed president of the Eurogroup, reflecting the country’s strong economic recovery since its debt crisis. Greece now enjoys steady growth, high investment rates, budget surpluses, and declining public debt despite remaining the highest in Europe. As Eurogroup President, Pierrakakis will represent the euro area at G7 meetings, shape agendas, and foster consensus among member states.

Japan has announced a US$19 billion business investment target in Central Asia over the next five years, aiming to deepen economic and strategic ties with the region. The plan focuses on key areas such as natural resources, energy, supply chains, and connectivity, agreed during the inaugural “Central Asia plus Japan” summit in Tokyo. Officials say the initiative reflects Central Asia’s growing geopolitical importance and Japan’s effort to diversify partnerships and critical m

Cyclone Ditwah caused about US$4.1 billion in direct physical damage across Sri Lanka, affecting all 25 districts, around 2 million people, and nearly 500,000 households, making it one of the worst disasters in recent history. The infrastructure sector was the hardest hit, accounting for 42% of losses (US$1.735 billion), followed by housing (US$985 million) and agriculture (US$814 million), with the Central Province — especially Kandy — suffering the most severe impacts.

The IMF projects that inflation in Pakistan will rise in the coming years, potentially reaching nearly 9% by mid-2026, increasing pressure on households and businesses. While GDP growth is expected to remain moderate at just over 3%, high public debt and fiscal constraints continue to limit economic stability. The IMF warns that careful monetary and fiscal management will be necessary to control prices while sustaining growth.

The IMF has approved about US$206 million in emergency funding for Sri Lanka under the Rapid Financing Instrument to address severe economic pressures caused by Cyclone Ditwah, which killed over 600 people and displaced more than 100,000. The Sri Lankan government said the funds will support urgent humanitarian relief, recovery, and reconstruction, while committing to transparency, fiscal discipline, and debt sustainability.

Sri Lanka’s economy grew 5.4% year-on-year in the third quarter of 2025, marking a continued recovery from its recent financial crisis, led mainly by strong industrial expansion. Growth was broad-based, with industry, agriculture, and services all contributing, despite disruptions caused by severe flooding and cyclone damage in late November. Authorities remain cautiously optimistic, supported by an IMF bailout programme and emergency funding, though risks to growth persist i

Hong Kong reclaimed its position as Asia’s top fundraising hub in 2025, with share sales surging to over $73 billion, driven largely by major Chinese listings and placements. India also posted a record year for IPOs, raising more than $20 billion as strong domestic investor participation fueled blockbuster deals. While Asia now dominates global share-sale markets, investors are becoming more valuation-conscious amid market volatility and geopolitical risks.

New Zealand’s exports surged to NZ$25.0 billion in the September 2025 quarter, driven by strong global demand for key agricultural products. At the same time, the Māori economy recorded rapid growth, with GDP contributions nearly doubling between 2018 and 2023 and Māori-owned businesses expanding into diverse sectors. Rising business confidence and resilient export performance make 2025 a milestone year for both New Zealand’s trade sector and Māori enterprise.

China has a high number of young, self-made billionaires, reflecting strong wealth creation driven largely by technological innovation. However, analysts warn that increased state control and the lack of protections for failed entrepreneurs are holding back innovation and risk-taking. Experts say a more supportive environment is needed to sustain China’s entrepreneurial momentum.

The OECD forecasts the global economy to grow 3.2% this year, showing resilience despite U.S. trade tensions. U.S. growth is upgraded to 2%, supported partly by strong AI-related investments, even as new tariffs pose future risks. China is expected to grow 5%, while India remains the fastest-growing major economy at 6.7%.

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Sri Lanka’s stock market fell 3.04% as Cyclone Ditwah triggered heavy selling, though construction stocks rose on expectations of rebuilding demand. Analysts say investors are cautious and the downward trend is likely to continue. Across Asia, markets moved mixed, with Japan declining, Pakistan rising, and India slipping due to cyclone impacts and trade uncertainties.

Sri Lanka’s merchandise exports remained nearly unchanged in October 2025, reflecting a marginal 0.02% rise despite declines in major industries like apparel and tea. Strong growth in coconut-based products was not enough to offset reduced export earnings from petroleum, rubber, boats, and spices. The slowdown in key markets such as the United States and India further highlights the challenges facing the country’s export sector.