Global Economy News
LAST UPDATE: August 2, 2025
OPEC+ expected to raise oil production further on Sunday, sources say
OPEC+ is expected to announce a production increase of up to ~548,000 barrels-per-day in September, adding to prior monthly hikes that began in April, as the group seeks to normalize spare capacity amid resilient global demand (Reuters, Reuters)
Insight
Continued output increases signal OPEC+ confidence in demand recovery and are likely to weigh on oil prices, creating downward pressure amid persistent tariff-related economic uncertainty.
Investors see few winners as tariff storm lashes global markets
U.S. tariffs announced on August 1 (10–50 % across countries including Canada, Brazil, India, Taiwan, Switzerland) rattled markets. Investor sentiment turned cautious, with analysts noting “few winners”, as global share and futures markets dropped amid rising trade risk (Reuters, Reuters)
Insight
The broad imposition of steep tariffs is injecting systemic uncertainty, undermining global trade confidence and prompting market participants to recalibrate risk exposure—highlighting protectionism as a growing drag on growth.
