A senior International Monetary Fund executive has warned that the rivalry between the US and China could lead to Cold War II and reverse decades of global integration and growth.
Argentina’s president-elect Javier Milei has a risky plan to respond to soaring inflation and decades of economic stagnation.
While the IMF has lifted its forecasts for China’s economic growth this year,it has painted a very different picture for the second half of the decade.
The IMF warns rates might have to climb for a little while longer while infrastructure costs fan inflation,which has reached 9 per cent for working families.
The world’s governments,businesses and households owe a record $367 trillion,with calls growing for governments to help cut debt levels.
China is starting to realise that Xi Jinping’s abrupt policy shifts may not have been such good things after all.
Major supermarkets are seeing people shop around for bargains as inflation,rents and high interest rates reduce their buying power.
It sure looks as if economists made a bad recession call. Why were they wrong?
Central banks were challenged and have been found wanting by the events of the past three years.
One of the world’s most indebted nations has not experienced a full-blown financial crisis,yet. But it is walking a very tight rope.
On the whole,Australians are still bullish on spending. But retailers are being warned the game has changed.