Today: 17. Dec, 2024
For years, China has powered global economic momentum. However, the recent stagnation in its economic growth has sparked concern among global stakeholders, who now perceive China more as an economic challenge rather than a safeguard. Signs of strain include the Hang Seng…
In a world characterized by economic unpredictability, experts are urging against complacency as they foresee an eventual recession, despite the recent absence of an anticipated economic downturn. Though pinpointing the exact timing of a recession remains challenging, it is imperative to ready…
As Russia’s conflict with Ukraine enters its second year, the world’s attention remains fixed on the economic consequences of the extensive sanctions imposed by the US, the European Union, and their allies. These measures were initially aimed at deterring the invasion, but…
Amidst a surge of dry powder, the private equity sector seemed poised for a flurry of deals in 2023. However, a confluence of rising interest rates and global uncertainty has curtailed the expected surge in traditional private equity transactions, potentially paving the…
After navigating through a period of market uncertainty in the previous year, the stock market has reemerged with renewed vigor in 2023. One of the driving forces behind this revival is the remarkable advancement of artificial intelligence (AI), propelling select contenders in…
Prominent economist, Jim O’Neill, believes that central banks should sustain interest rates close to 5% in major economies for a more extended period, even if inflation starts to decline. Many anticipate the U.S. Federal Reserve to hike interest rates by 25 basis…
In a seismic departure from the established world order led by the United States, the Global South is quietly and resolutely rewriting the rules of the game. Historically shaped by Western economic principles, the developing nations comprising the Global South are seizing…
In July, a slight decrease was observed in the unemployment rate of Black workers, mirroring the continued robustness of the broader job market. According to the Labor Department’s announcement on Friday, the rate of joblessness among Black workers dropped to 5.8%, a…
In response to the U.S. long-term credit rating being downgraded by Fitch Ratings, global stock markets saw a significant decline on Wednesday. Nevertheless, renowned economists maintain a calm outlook. On Tuesday, Fitch, a recognized rating agency, demoted the U.S. long-term foreign-currency issuer…
As August 2023 approaches, the housing market continues to face significant hurdles, leaving both buyers and sellers grappling with difficulties due to limited inventory and surging mortgage rates. Despite the usual upswing in spring and summer, the market remains stagnant, and there…
