Myanmar's economy is set to shrink 2.5 percent in the 2025/26 financial year, largely as a result of March's devastating magnitude-7.7 earthquake, the World Bank said on Thursday.

The United Nations Special Envoy for Myanmar, Julie Bishop, has warned the General Assembly that Myanmar is on the “path to self-destruction” as the country grapples with the aftermath of the March 28 ...

ONLY 50% of Filipino adults had financial accounts at end-2024 even as 78% own mobile phones, according to the World Bank. The World Bank said in The Global Findex Database 2025 report released on ...

The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to global trade stemming from President Trump’s trade war. Global growth in ...

The World Bank on Tuesday slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a "significant ...