Global public debt in 2024 is expected to reach over $100 trillion, IMF warns
Global public debt in 2024 is expected to reach over $100 trillion (about 93% of global GDP), according to the IMF. By 2030, the...
Kuwait’s Entertainment Project: Missing a Key Economic Opportunity?
Kuwait is on the brink of a significant shift in its economic landscape with the planned development of a large-scale entertainment project in its...
China’s Consumer Prices See Modest 0.6% Rise in August
China’s economic struggles are becoming more pronounced as the country faces deflationary pressures, which have led to weaker-than-expected consumer price growth.
In August 2024, China's...
Fed Expected to Cut Rates by Either 25 or 50 Basis Points
The Federal Reserve is expected to cut interest rates at its upcoming meeting on September 18, marking its first rate reduction since 2020. This...
U.S. Job Market in October 2023: Job Openings Fell to 8.7 million
In October 2023, the U.S. job market underwent notable changes, reflecting the impact of economic policies and market conditions, according to the U.S.Bureau of...
Eurozone Inflation Dipped to 2.4% in November
The Eurozone saw a significant and unexpected drop in inflation rates in November 2023, recording the slowest annual pace since July 2021. This decrease...
How Economic Strains Are Reshaping Consumer Holiday Spending
As the holiday season approaches, a new PYMT and LendingClub report, "New Reality Check: The Paycheck-to-Paycheck Report – The Holiday Shopping Deep Dive Edition,"...
Walmart CEO Anticipates US Shift Towards Deflation
As the US grapples with post-pandemic changes, industry leaders have been contemplating the potential shift towards deflation. One such prediction comes from Doug McMillon,...
Japan’s economy contracted by 2.1% in Q3 2023
The Japanese economy contracted by 2.1% in Q3 of 2023 on an annualized basis, marking its sharpest downturn in two years, according to data...
US mortgage rates: largest one-week drop since last year
In recent weeks, the US mortgage market has experienced a significant shift. The average interest rate on a 30-year fixed-rate mortgage, a benchmark in...