The U.S. budget deficit for fiscal 2024 has surged to $1.833 trillion, marking the highest level outside the COVID-19 pandemic era. The Treasury Department's report highlights the growing concern surrounding federal debt, as interest payments on the debt exceeded $1 trillion for the first time....

The IMF recently published a revised report on Ukraine, adjusting its predictions for the length of the conflict in the country to extend until 2025 according to its baseline scenario. According to the IMF's pessimistic forecast, the conflict is anticipated to conclude by mid-2026. The fund's...

With less than three weeks remaining before the U.S. presidential election, financial markets are witnessing notable movements that reflect growing speculation around the possible victory of former president Donald Trump. Small-cap stocks, bitcoin, and specific sectors like private prisons are...

China’s economy is showing signs of strain, with the third quarter of 2024 registering its slowest growth since early 2023. Though consumption and factory output figures slightly surpassed forecasts in September, the country’s struggling property sector continues to cast a shadow over the broader...

The global economy is facing significant challenges as high debt levels and sluggish growth continue to hinder recovery efforts, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. While progress has been made since the pandemic, governments’ reliance on...

Goldman Sachs has projected that the U.S. Federal Reserve (Fed) will begin cutting interest rates by 25 basis points (bps) in November 2024, continuing through June 2025, bringing the terminal rate to a range of 3.25% to 3.5%. This outlook signals a significant shift in the Fed’s monetary policy...

Australia’s beef industry is experiencing an exceptional period of growth, driven by a slump in U.S. beef production and surging global demand. As American cattle numbers hit historic lows due to prolonged drought, Australia has stepped in to fill the gap, increasing its exports and gaining market...

According to Moody's Ratings, American companies rated below investment grade in 2025-2029 will have to refinance debts totaling over $2 trillion. This suggests a higher likelihood of defaults if the growth of the U.S. economy decelerates beyond predictions. The organization analyzed over 335,000...

The World Bank’s recent decision to amend its internal lending guidelines marks a significant shift in its approach to addressing the mounting global challenges faced by developing countries and emerging markets. By freeing up an additional $30 billion in lending capacity over the next decade, the...