El-Erian, Krugman and other economists have very different opinions on China’s struggling economy
China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the nation, and its stock market…
‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist
The world is looking at a debt crisis that will span the next 10 years and it’s not going to…
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York…
Turkey’s new central bank governor, formerly at Amazon and New York Fed, seen as a ‘credible choice’
Turkey’s newly appointed central bank governor, Fatih Karahan, has his work cut out for him, after being named to the…
Red Sea tensions risk significantly higher inflation, OECD warns
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation,…
Turkey’s inflation sees biggest monthly jump since August, nears 65% year on year
In January, Turkish inflation logged its biggest monthly jump since August with a 6.7% rise from December, while year-on-year inflation…
The unemployment rate of Black men rose in January, underscoring continued inequality in labor market
Black men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S.…
U.S. economy added 353,000 jobs in January, much better than expected
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised…
January hiring was the lowest for the month on record as layoffs surged
Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor…
Euro zone inflation eases as expected, but core figures disappoint
Euro zone headline inflation eased slightly in January, flash figures published by the European Union’s statistics agency showed Thursday, while…
