Economic events

Sovereign debt is biggest risk to global growth in 2025: Saudi minister

RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia’s finance minister said, expressing…

Global public debt will hit $100 trillion by year-end, says IMF

A man walks past signage for the the 2024 IMF/World Bank Annual Meetings outside of the headquarters of the International…

Global fight against inflation ‘almost won’ but risks are rising: IMF

Much of the world has managed to successfully lower inflation and engineer an economic soft landing, avoiding recession, but faces…

Economic tailwinds boost Kamala Harris in election homestretch, economists say

The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the…

Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report

A hiring sign is posted on the exterior of Urban Outfitters at the Tysons Corner Center mall on August 22,…

Hurricane Helene recovery could cost $34 billion. Here’s who might pay

An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia.…

EU economy survived ‘terrible prophecies’, now faces trade with China: EU’s Gentiloni

The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years, but must still contend…

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in…

Ray Dalio says the Fed faces a tough balancing act

Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference. Brendan…

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit…