Economy
Articles about Economy
In charts: How one of the world’s biggest economies got trapped by debt
France opens debate on its 2027 budget as high deficits, rising debt and student protests intensify pressure on lawmakers.
IMF warns bond yields could see a ‘disorderly’ spike as debt, inflation risks worsen
The IMF says risks in the government bond market have worsened and that yields could jump sharply and disorderly.
Global economy to slow less than expected in 2026 as AI boom offsets war hit: IMF
The IMF raised its 2026 global growth forecast to 3.1%, warning that resilience is tested by energy constraints and looming fiscal risks.
India’s retail inflation jumps to 5.54% in September, above estimates
India inflations jumps for the 11-straight month, raising prospects of a further interest rate hike
Nobel prize in economics awarded to Robert E. Hall and Michael Woodford
The U.S. economists were awarded for work that underpins the models used by central banks and governments to stabilize the economy.
World Bank jobs council urges ‘crisis-era’ support measures as IMF warns of AI ‘tsunami’ hit
IMF Chief Kristalina Georgieva warned AI is hitting the global labor market like a “slow-moving tsunami,” with young workers entering the job market the most exposed.
Americans’ debt problems are flashing a warning not seen since the Great Recession
Researchers found that while wealth disparities narrowed somewhat, the ability to meet debt payments deteriorated significantly.
Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as advisor
Shelton's controversial economic ideas led the Senate to block her nomination to the Fed. Now she's going to be a counselor to the Treasury secretary.
Inflation on many everyday items was entirely due to tariffs, NY Fed says
Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February 2026, researchers at the New York Federal Reserve found.
Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
ICE came to town and left behind weakened economies
Research links ICE enforcement surges to lasting declines in local spending, foot traffic and jobs. In Minneapolis, businesses are still recovering.
Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
Trade deficit hits $105.6 billion, widest since just before Trump tariffs enacted last year
That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.
World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been "weak or negative."
The 2029 tipping point: Western populations are about to start shrinking, piling pressure on public finances
Moody's predicts that the world's aging populations will have fundamental impacts on the global economy and lead to difficult policy decisions.
Men are losing ground in the labor market. Here’s why
Women outnumbered men in the workforce for eight straight months as of September, according to one analysis.
Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
Nonfarm payrolls rose by just 29,000 in September, well below the 84,000 forecast, and the unemployment rate rose to 4.2%, the Bureau of Labor Statistics said.
The September jobs report will be released Friday. Here's what to expect
Wall Street is looking for job growth of 84,000 to close out the summer.
Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
The personal consumption expenditures price index was projected to show an annual gain of 3.7% on headline and 3.3% for core, according to the Dow Jones consensus.
Private sector jobs rose by 90,000 in September, better than expected, ADP reports
Private job creation picked up in September after a brief slowdown.
The Fed's main inflation measure will be released Wednesday. Here's what to expect
Data is expected to show ongoing price pressures and consumers who nevertheless continue to spend.
Consumer optimism slides to lowest since 2014 as fears escalate over rising prices and jobs
The Conference Board's Consumer Confidence Index tumbled to 81.9, a decline of 6.7 points and a reading well below the forecast for 89.
America's Canadian import restrictions come into force. Here are the products barred from entry
President Donald Trump says he expects Ottawa to concede to its demands on trade in the coming weeks, but Canadian officials insist they won't sign a bad deal.
Australia says more hikes not off the table after raising rates to 15-year high
The hike of 25 basis points was in line with expectations by economists polled by Reuters.
China posts weakest industrial profit growth this year, expanding 4.2% in August
Economists expect Beijing to lean harder on stimulus to stabilize corporate profitability, as consolidation accelerates in sectors facing sluggish demand and fierce competition.
China saw ‘surprise’ jump in U.S. orders ahead of Trump-Xi summit, private survey shows
A private survey shows a rebound in China's exports to the U.S. as companies position for continued stability between the world's two largest economies.
Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed
Markets expect the central bank will take a firmer hand on inflation. It's not that easy.
Global debt tops $365 trillion as economists sound alarm over ‘vicious cycle’
More is being paid out by advanced economies in debt interest than the whole world spends on AI, defense or clean technology.
Switzerland is keeping rates at 0% — for now
The Swiss National Bank held rates at 0% as low inflation and a strong franc enable it to diverge from other central banks, though markets expect hikes ahead.
France’s fresh budget battle threatens to topple another government
Time is not on the side of French government bonds, strategists have warned, as the nation's deficit balloons.
World heads into food crises ‘blind’ as U.S. aid cuts squeeze UN food agency, experts warn
Climate shocks, conflict and a global fuel crisis, on top of surging interest rates and donor cuts, leave agencies less able to help those facing higher food prices.
France’s wine production nears a 70-year low, leaving winemakers with tough choices
As the French wine industry reaches a crisis point, key players are considering new markets, products and generations.
Consumer sentiment is in the dumps despite a solid economy. Goldman Sachs blames ‘lower happiness’
Goldman economist Joseph Briggs said broader pessimism in society may be contributing to struggling consumer sentiment even as the economy chugs along.
Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
The Bank of England is expected to keep rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs keep pressure on prices.
‘Science fiction’: Transport companies — the backbone of economy — are sounding alarm on fuel prices
Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wednesday.
Consumers hit by one-two punch of oil and rates from Iran war. The estimated bill is $1,700 per household
Rising oil prices and Treasury yields are lifting energy and borrowing costs for U.S. households, pushing consumers to draw more heavily on savings.
Indonesia’s new finance minister faces an uphill battle on fiscal credibility
Nazara, sworn in hours after Purbaya's dismissal, spent seven years as deputy finance minister and led the ministry's fiscal policy agency from 2015 to 2019.
Why de-dollarization discussions are more talk, less action
BRICS leaders have asserted the need to use local currencies in intra-BRICS trade to cut dependency on dollar.