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2 mins read
The US economy grew way faster than expected this spring
US real GDP blew past expectations in this year's second quarter. It rose 2.8% compared with a fore…
Madison Hoff
1 min read
North Korea's economy is booming thanks to its arms trade with Russia
North Korea's GDP grew 3.1% in real terms, snapping a three-year slump, the Bank of Korea reported.
Filip De Mott
2 mins read
Russia's business elites signal they are tired of propping up the wartime economy
Russia's key interest rate already stands at 16% and analysts polled by Reuters expect the central …
Huileng Tan
2 mins read
Why a majority of Americans think the economy is already in a recession
Three of five Americans surveyed by Affirm say the US is in a recession. On average, most think it …
Filip De Mott
2 mins read
Why immigration is boosting the US economy, according to Nobel economist Paul Krugman
Immigration could help the economy grow another $7 trillion over the next decade, the CBO estimated.
Jennifer Sor
2 mins read
Monsoon projections to ensure India's GDP growth forecast remains at 7% for FY'25: Asian Development Bank
The Asian Development Bank (ADB) on Wednesday maintained India's GDP growth forecast at 7 per cent …
PTI
1 min read
China slashes interest rates in a surprise move to boost its slumping economy
China cut several short- and long-term interest rates on Monday as its economy grapples with slower…
Kelly Cloonan
2 mins read
SBI Caps report highlights optimistic outlook for the Indian economy, despite deteriorating global pitch
State Bank of India (SBICAPS) report titled "Maintaining Momentum on a Deteriorating Global Pitch" …
ANI
2 mins read
China released a 22,000-character plan for its economy that doesn't say very much
David Lubin, a senior research fellow of global economy and finance at Chatham House, said the plen…
Huileng Tan
2 mins read
Chinese consumers aren't buying enough stuff, and it's taking a toll on the economy
Beijing framed China's second-half growth positively but acknowledged "insufficient" domestic deman…
Huileng Tan
2 mins read
Russia is looking to rein in the country's property boom as it tries to cool an overheating economy
Russia's government has shelled out about half a trillion rubles since 2020 to fund a program that …
Jennifer Sor
3 mins read
The most immediate threat to China's economy isn't external. It's internal.
On Monday, Beijing released new data that underscores the scale of China's domestic consumption pro…
Huileng Tan
3 mins read
AI, immigration, and rich people will save the US economy from a recession, Wall Street strategist says
"A restrictive Fed won't stop the music this time around because the economy's moving to a new rhyt…
Matthew Fox
3 mins read
The US economy added more jobs than expected last month as unemployment surprisingly rose
The economy added 206,000 jobs in June, above the forecast. The US unemployment rate is unexpectedl…
Madison Hoff
2 mins read
Russia's war economy is so hot that at least 12 of its oligarchs received $11 billion in dividends over 15 months
The biggest winners from the dividend payouts were commodities exporters, Bloomberg reported.
Huileng Tan
2 mins read
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and const…
Huileng Tan
2 mins read
There is one European country where Taylor Swift didn't change the economy so far
Taylor Swift's Eras Tour has made it to five European countries so far. It boosted accommodation pr…
Shubhangi Goel
3 mins read
Americans are obsessed with the economy. Here are the tiny bits Trump and Biden said about Social Security and inflation.
During the first presidential debate, Trump and Biden sparred over who is to blame for inflation. B…
Ayelet Sheffey
2 mins read
The US economy is headed into a corporate bankruptcy cycle that will spike unemployment, veteran forecaster says
Large bankruptcies are on track to surpass their peak during the pandemic, according to Danielle Di…
Jennifer Sor
2 mins read
The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says
The top 10% of Americans have gained a whopping $30.5 trillion in wealth since 2020, according to F…