Economics

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...

Kuwait’s Entertainment Project: Missing a Key Economic Opportunity?

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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

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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...
Federal Reserve System

Fed Expected to Cut Rates by Either 25 or 50 Basis Points

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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

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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

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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

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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

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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

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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

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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...