Global Economy News
LAST UPDATE: May 22, 2025
Ramaphosa expects Trump to attend South Africa G20 summit
South African President Cyril Ramaphosa expressed optimism that US President Donald Trump will attend the upcoming G20 summit in Johannesburg.
Insight
Despite previous tensions, Ramaphosa’s expectation of Trump’s attendance indicates a willingness to engage diplomatically, potentially fostering improved US-South Africa relations.
OPEC+ Discusses Making Another Super-Sized Output Hike in July
OPEC+ is considering a significant oil production increase of 411,000 barrels per day in July, triple the initially planned amount.
Insight
The proposed output hike reflects OPEC+’s response to global energy demands and market dynamics, potentially impacting oil prices and economic conditions worldwide.
