Economic News

Global public debt in 2024 is expected to reach over $100 trillion, IMF warns

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Global public debt in 2024 is expected to reach over $100 trillion (about 93% of global GDP), according to the IMF. By 2030, the...
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Rising US producer prices signal inflation challenges for the Federal Reserve

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The latest US Producer Price Index (PPI) from the Bureau of Labor Statistics revealed a notable increase for October, raising concern among economists, investors,...
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Why Are US mortgage rates rising despite fed rate cuts?

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The Federal Reserve, America’s Central Bank, has cut interest rates several times so far this year. Its last cut was in December (earlier this...
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UK economy contracted by 0.1% in October 2024

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Britain’s economy slipped again in October, dropping 0.1%, and people are growing restless. This marks the second straight month of decline. Economists had expected...
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Federal Reserve lowers rates but warns of slower easing in 2025

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The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, moving the target range to 4.25% to...
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U.S. job openings decline in September, signaling a cooler labor market

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In the United States, job openings in September declined significantly to 7.4 million, their lowest level since January 2021, according to the September Job...
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The U.S. Economy on the Verge of a Modern-Day “Roaring ’20s,” UBS Predicts

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Optimistic Economic Indicators Emerge The U.S. economy is showing signs of a potential modern-day version of the "Roaring '20s," according to recent analysis from UBS...

China’s consumer prices barely rose in November

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China’s consumer prices barely rose in November, inching up by only 0.2% from a year ago. That’s the weakest pace since June and suggests...

China’s industrial profits declined in September

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China’s industrial sector had a difficult September, with profits plunging by 27.1% compared to the same month in 2023. The drop marks the worst...
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Trump tariffs: economic impact, business reactions, and what lies ahead

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There is a renewed focus across the United States, China, the European Union (EU), Mexico, Canada, and much of the rest of the world...