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...

US monthly retail sales rose by 0.4% in September

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The U.S. Census Bureau reported a 0.4% increase in retail sales in September. According to the preliminary report, total monthly retail sales were $714.4...

Investment Bank Goldman Sachs Reports $2.99 Billion in Profits

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Investment bank giant Goldman Sachs reported a whopping $2.99 billion in Q3 profits - surpassing what analysts had expected, with revenue up 7% to...

The Economic Benefits of Physical Activity for Individuals and Society

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How meeting physical activity recommendations can boost personal income and reduce healthcare costs. Physical activity plays a crucial role in maintaining health, but its benefits...
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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...
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China’s New Stimulus Measures Aimed at Stability – Will It Ignite Strong Growth?

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China’s economy has been under significant strain, leading its authorities to implement bold and sweeping stimulus measures aimed at reversing its downward trajectory. For the...
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U.S. Consumer Sentiment Reaches New High as Inflation Slows

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Consumer sentiment in the United States saw a marked improvement in September 2024, reaching its highest level in five months. According to multiple reports, optimism...
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US Inflation Cools, Paving Way for Further Interest Rate Cuts

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US Inflation continues to show signs of easing, providing further confidence that the *Federal Reserve's recent decisions to cut interest rates may have been...
US Federal Reserve Building

Fed’s Jumbo Rate Cut Sparks Optimism for a Soft Landing, but Recession Fears Persist

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The U.S. Federal Reserve’s (Fed) recent decision to cut interest rates by a larger-than-expected 50 basis points is sparking discussions about its potential impact...

China Unveils Major Stimulus to Boost Flagging Economy

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China's central bank has introduced a broad set of stimulus measures to support the economy. Key actions include cutting the main policy interest...