On Friday, international credit rating agency S&P Global Ratings announced the upgrade of Italy's credit rating from "BBB" to "BBB+". This long-anticipated improvement is driven by positive economic changes, better external balances, and sound state finances. The decision is a vital development amid rising global uncertainties and economic turbulence.

The recent drop in oil prices has become a significant factor that could dramatically change the financial landscape of Saudi Arabia and its ambitious economic goals. Predictive analytics from Goldman Sachs project that the kingdom’s budget deficit may reach $67 billion this year. This figure is more than double the government's initial expectations for the end of 2025 and poses additional challenges for Crown Prince Mohammed bin Salman.

In ongoing negotiations with the International Monetary Fund (IMF), Argentina is aiming to secure an initial disbursement exceeding 40% of the planned US$20 billion loan. Economy Minister Luis Caputo announced this breakthrough on Sunday, emphasizing that the country is entering a new phase of financial policy. This initiative is underpinned by a comprehensive reform program focused on eliminating budget deficits and reducing government spending, which in turn facilitates an increase in the central bank’s reserves and a gradual easing of currency restrictions.

Sri Lanka, an island nation grappling with numerous economic challenges, aims to reverse its financial fate. The recently unveiled 2025 budget is part of these efforts; however, experts predict that planned expenditures may increase the budget deficit.

The Indian government has embarked on a significant economic strategy by announcing the largest tax relief in at least a decade. As the world's fifth-largest economy, India faces considerable challenges, including high inflation and declining consumer demand. This article delves into the potential outcomes of this move and how it might influence India's economic growth.