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Global Economy Faces Slow Growth in 2025 as Inflation and Debt Remain High
The world economy is expected to grow slowly in 2025, with experts warning that high debt, inflation, and geopolitical tensions continue to weigh heavily on recovery.....KINDLY READ THE FULL STORY HERE▶
According to the International Monetary Fund (IMF), global growth is projected at 2.9 percent this year, a slight decrease from 3.1 percent in 2024. While some major economies like the United States and India show resilience, others face serious challenges, especially developing nations struggling with debt repayments and rising food prices.
Economists say the biggest risks to the world economy are stubborn inflation, ongoing conflicts in Europe and the Middle East, and slowing demand in China. Many central banks are keeping interest rates high to fight inflation, but this also makes borrowing more expensive for businesses and governments.
“Global growth remains weak by historical standards,” IMF Managing Director Kristalina Georgieva said earlier this month. “We need strong policies and international cooperation to reduce debt, support trade, and help countries facing the toughest challenges.”
Inflation Still a Threat
Inflation has slowed compared to the highs of 2022, but it remains above targets in many countries. The U.S. Federal Reserve, the European Central Bank, and other major central banks are cautious about cutting interest rates too quickly.
In the U.S., inflation is expected to average 2.7 percent in 2025, slightly above the Fed’s 2 percent goal. Europe faces similar issues, while in many African and Latin American countries, inflation is still in double digits, affecting the cost of food and fuel.
Analysts say the mix of high prices and high borrowing costs creates a difficult balance. If central banks lower rates too early, inflation could rise again. But if they keep rates high for too long, economies could slow further.
Debt Pressure Rising
Another major concern is debt. The World Bank reports that developing countries now hold record levels of debt, with repayments becoming more difficult due to high interest rates and a strong U.S. dollar.
Countries such as Ghana, Sri Lanka, and Zambia have already faced debt crises in recent years, forcing them to restructure loans with creditors. Others may follow if global financial conditions do not improve.
“Debt is a time bomb for many poor nations,” said Joseph Stiglitz, a Nobel Prize-winning economist. “Without urgent reforms, we risk another wave of defaults that will hurt millions of people.”
China’s Slowdown
China, the world’s second-largest economy, is also slowing. A crisis in the property market, weak consumer demand, and rising tensions with Western countries are putting pressure on growth.
China’s economy is expected to expand by 4.4 percent in 2025, down from more than 6 percent a few years ago. This slowdown has global consequences, since many countries depend on Chinese trade and investment.
Impact on Jobs and Trade
For ordinary people, the effects of slow growth can be seen in fewer jobs, higher living costs, and less government spending on public services. Global trade has also weakened, with the World Trade Organization predicting only 2.5 percent growth in trade volumes this year.
Still, there are some positive signs. Energy prices have stabilized, supply chain problems have eased since the COVID-19 pandemic, and technological investment continues in areas like artificial intelligence and clean energy.
Looking Ahead
Experts say governments should focus on policies that support both stability and growth, such as investing in infrastructure, education, and green energy. They also call for more cooperation to manage debt and avoid protectionist trade policies.
“Global challenges need global solutions,” Georgieva of the IMF said. “Only by working together can we secure a stronger, fairer economy for the future.”
While the outlook for 2025 remains uncertain, most economists agree that the world will avoid a deep recession. However, growth will likely stay below long-term averages until inflation is under control and debt risks are reduced.
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‘We Drank Garri With Muddy Water’ – Kidnapped NYSC Member Recounts Ordeal.
One of the prospective members of the National Youth Service Corps (NYSC) rescued from kidnappers in Imo State has recounted the horrifying conditions they endured in captivity, revealing that their abductors beat them and forced them to survive on dry garri and dirty water in a forest.....KINDLY READ THE FULL STORY HERE▶
Speaking in an interview with the BBC, the victim disclosed that the kidnappers monitored conversations between captives and their families, assaulting them whenever they were displeased with anything said during the calls.
She was among 20 prospective corps members and another passenger abducted on October 1, 2026, while travelling from Ibadan, Oyo State, to orientation camps in Abia and Akwa Ibom states.
According to her account, the kidnappers allowed the victims to contact their relatives using a phone but subjected them to physical punishment if their conversations provoked the abductors.
She said, “We are given a phone to call our family, and if any family say anything they don’t want to hear or any rubbish that would make them angry, we will be beaten.
“That person will be beaten, used the gun, wood. Sometimes they use their hands to punch them, mostly the guys.”
Recounting the circumstances surrounding the abduction, the victim explained that their journey began at about 9 a.m., with the vehicle making several stops along the way.
She said the driver eventually stopped after reaching a stretch of road considered dangerous, and the passengers were advised to rest before continuing their journey.
The prospective corps member added that she had informed her family they would spend the night in a public place before going to sleep.
However, she said she woke up to find herself caught up in the abduction and could not understand how she had been taken to the forest where they were initially held.
“When I woke up, that was when the incident happened. I don’t know how we got to the forest where we were kept for some time,” she recounted.
The victim said the abductors later moved them further into the forest, where access to food and clean drinking water was severely limited.
Describing their living conditions, she revealed that the captives survived mainly on dry garri and muddy water, despite the poor quality of the water.
“What we are eating there is just garri. Like Igbo garri, dry garri with mud water. Very dirty water. I can’t even give my enemy that water. We don’t have a choice, we have to take it for survival,” she said.
She also described the emotional distress she experienced during captivity, explaining that the situation left her confused, frightened and unable to process what was happening.
“I can’t explain how I felt. I can’t even cry, I was just looking, I was lost. I don’t know what to do,” she said.
“It felt like it was a movie. I don’t believe that this is happening to me.”
The victim further disclosed that she feared she might not survive the ordeal before security operatives intervened.
She expressed gratitude to the government and security personnel, particularly operatives of the Department of State Services (DSS), whom she credited with helping to secure their release.
“The government, the DSS staff, we were rescued by them,” she stated.
The prospective corps members were abducted on October 1 when gunmen reportedly attacked two buses along the Owerri-Onitsha Road near Umunoha in Imo State.
They regained their freedom on October 7 following a coordinated security operation and were subsequently taken to a DSS medical facility in Owerri for treatment.
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‘I’m The Commander Of Field Operations’ – Wike Sends Strong Message Ahead Of 2027 Election
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has declared himself the commander of field operations for President Bola Tinubu’s re-election campaign in Abuja ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
reports that Wike made the declaration on Monday during a stakeholders’ meeting of the Rainbow Coalition in Abuja.
The meeting was attended by stakeholders from the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), including party chairmen, serving and former senators, National Assembly candidates, and political leaders from the FCT’s six area councils.
Speaking at the gathering, Wike announced plans for a joint mobilisation effort involving APC and PDP members to secure victory for Tinubu in the presidential election and support candidates of the ruling party contesting National Assembly seats in the FCT.
The minister urged participants to prioritise the coalition’s shared political objective over their individual party affiliations.
Wike said the stakeholders had reached a consensus on supporting Tinubu’s re-election bid, adding that he would coordinate political activities in both the FCT and Rivers State.
“For the presidency, all of us have agreed that it is Bola Ahmed Tinubu. I am going to coordinate the FCT and Rivers State. So you can imagine how important it is,” he said.
Emphasising his role in the FCT campaign, Wike added, “I am in charge of the FCT election. I am the commander of field operations as far as the FCT election is concerned.”
He further called on members of both parties to work together, insisting that political differences should not undermine their collective objective ahead of the polls.
“I want to let all of you know that we are going to work together. Nobody should say, ‘I am PDP’ or ‘I am APC.’ For the purpose of this election, we are together,” the minister stated.
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2027 Election: Pantami Reacts As INEC Removes His Name From Final Governorship List.
Former Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, has appealed to his supporters to remain calm following the omission of his name from the Independent National Electoral Commission’s (INEC) final list of candidates for the 2027 Gombe State governorship election.....KINDLY READ THE FULL STORY HERE▶
Pantami, who defected from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP) in May, was absent from the list published by INEC on Saturday.
In a statement shared on his social media platforms, the former minister’s camp described the development as a temporary electoral setback, assuring supporters that efforts were being made to resolve the issue.
The statement, signed by Professor Suleiman Mohammed Gombe, acknowledged the concerns raised by PDP members and supporters of the Pantamiyya Movement both within and outside Gombe State.
According to the statement, Pantami’s legal and liaison teams are engaging relevant PDP organs and INEC to secure compliance with a court order and address the omission within the period allowed by law.
The camp urged supporters to remain optimistic, stressing that the publication of the final list did not bring the matter to a conclusion.
“We are aware of the people working behind the scenes to frustrate good and responsible leadership in Gombe State,” the statement said.
Expressing confidence that the issue would be resolved, the camp encouraged supporters to sustain their mobilisation efforts and remain committed to the movement’s goal of serving humanity.
It also reaffirmed the unity between the PDP and the Pantamiyya Movement, stating that both remained committed to advancing the political aspirations of their supporters in Gombe State.
“No distraction will derail our course, in sha Allah,” the statement added.
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