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America’s debt problem is storing up trouble for the rest of the world: The high and rising level of US government debt risks driving up borrowing costs around ...
cnn.com/2024/04/17/economy/america-debt-interest-rates/
America’s debt problem is storing up trouble for the rest of the world
Quick Glance: IMF Warns of Fiscal Deficits in US and China
  • The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.

  • Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.

  • In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.

  • The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
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BAILOUT BATTLE: The president's latest loan forgiveness plan comes even as the national debt continues to surge. www.foxbusiness.com/politics/bidens-latest-tudent-loan-handouts-could-cost-750-billion
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Shilling gain cuts external debt by Sh1.12 trillion: The stock of external debt has fallen by Sh1.124 trillion in less than three months.
businessdailyafrica.com/bd/economy/shilling-gain-cuts-external-debt-by-sh1-12-trillion--4586234
Shilling gain cuts external debt by Sh1.12 trillion
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Fact check: Is Biden or Trump better for the US economy?: Who is the more economically competent, Trump or Biden? One has public opinion on his side; the data ...
dw.com/en/fact-check-is-biden-or-trump-better-for-the-us-economy/a-68755181
Fact check: Is Biden or Trump better for the US economy?
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Biden announces new plan to forgive student loan debt for millions: President Biden on Monday announced new plans to cancel student debt for millions of ...
pbs.org/newshour/show/biden-announces-new-plan-to-forgive-student-loan-debt-for-millions
Biden announces new plan to forgive student loan debt for millions
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Ratings agency Fitch lowers China’s sovereign credit outlook to negative: Beijing says it is ‘disappointed’ with decision by US-based ratings agency.
aljazeera.com/news/2024/4/10/ratings-agency-fitch-lowers-chinas-sovereign-credit-outlook-to-negative
Ratings agency Fitch lowers China’s sovereign credit outlook to negative
Quick Glance: Fitch downgrades China's sovereign credit outlook
  • Fitch Ratings has downgraded China’s sovereign credit outlook to negative, prompting pushback from Beijing.

  • The downgrade reflects “increasing risks to China’s public finance outlook” as the country attempts to move away from real estate-led growth.

  • Fitch said it expected the government deficit to rise to 7.1 percent of gross domestic product (GDP) in 2024, up from 5.8 percent last year.

  • China’s economy, the world’s second-largest, is grappling with slowing growth amid a host of headwinds, including a shrinking population, weak consumption, a prolonged real estate slump, and capital outflows.
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UK government borrowing surpasses forecast in last fiscal year: Official figures revealing borrowing for the last fiscal year in the United Kingdom exceeded ...
dailysabah.com/business/economy/uk-government-borrowing-surpasses-forecast-in-last-fiscal-year
UK government borrowing surpasses forecast in last fiscal year
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EU Parliament approves new debt rules: Reduce national debt, increase public tasks: the reform of the debt rules attempts to do both at once.
sueddeutsche.de/politik/eu-schuldenregeln-beschlossen-1.6565642
EU Parliament approves new debt rules
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CA$H CRUNCH: The alarming report and what it means for America's future and your bottom line.www.foxbusiness.com/politics/us-national-debt-interest-exceeds-defense-spending-cbo
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China’s LGFV Borrowing Costs Drop to Record Low as Investors Bet on Bailout: China’s off-the-books local government debt market has turned. Only a few months ago ...
bloomberg.com/news/articles/2024-04-22/china-s-lgfv-borrowing-costs-drop-to-record-low-as-investors-bet-on-bailout
China’s LGFV Borrowing Costs Drop to Record Low as Investors Bet on ...
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Treasuries Hold Gains as Record US Auction Sees Solid Demand: US government debt advanced on Tuesday as the Treasury’s hefty $69 billion sale of two-year notes ...
bloomberg.com/news/articles/2024-04-23/treasuries-hold-gains-as-record-us-auction-sees-solid-demand
Treasuries Hold Gains as Record US Auction Sees Solid Demand
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Debt of EU countries: European Parliament approves reform of EU debt rules: New rules for budget deficits and national debt: The majority of EU MPs voted for ...
zeit.de/politik/ausland/2024-04/europaparlament-beschliesst-reform-der-eu-schuldenregeln
Debt of EU countries: European Parliament approves reform of EU debt rules
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Jamaica, a lesson in national debt: Within ten years, the poor country has halved its national debt to 73 percent of economic output ...
faz.net/aktuell/wirtschaft/jamaika-ein-lehrstueck-ueber-staatsschulden-19666037.html
Jamaica, a lesson in national debt
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White House announces $7.4B student debt cancellation to give 'breathing room,' takes dig at House GOP
foxbusiness.com/politics/white-house-announce-student-debt-cancellation-breathing-room-takes-dig-house-gop
White House announces $7.4B student debt cancellation to give 'breathing ...
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Why do France and Belgium risk credit rating downgrades in 2024?: The risk of sovereign credit downgrades is increasing for France and Belgium ...
euronews.com/business/2024/04/24/why-do-france-and-belgium-risk-credit-rating-downgrades-in-2024
Why do France and Belgium risk credit rating downgrades in 2024?
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Higher primary surplus in 2023: Last year’s primary surplus in Greece proved significantly higher than the budget estimate for 1.1% of gross domestic product ...
ekathimerini.com/economy/1237065/higher-primary-surplus-in-2023/
Higher primary surplus in 2023
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St. Pölten: Dried fruit retailer Lemberona is insolvent: 34 employees and around 150 creditors are affected. The debt level is almost ten million euros.
diepresse.com/18392922/st-poelten-trockenobsthaendler-lemberona-ist-insolvent
St. Pölten: Dried fruit retailer Lemberona is insolvent
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CBE to cut interest rates by 2% in May; inflation to decrease to 20% by end of 2024: Goldman Sachs - Economy - Business
english.ahram.org.eg/NewsContent/3/12/522404/Business/Economy/CBE-to-cut-interest-rates-by--in-May;-inflation-to.aspx
CBE to cut interest rates by 2% in May; inflation to decrease to 20% by ...
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European Parliament adopts fiscal rules reform amid warnings of austerity risk: The European Parliament adopted the reform of the EU’s rules for national debt ...
euractiv.com/section/economy-jobs/news/european-parliament-adopts-fiscal-rules-reform-amid-warnings-of-austerity-risk/
European Parliament adopts fiscal rules reform amid warnings of austerity ...
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Turkish central government debt stock totals $232B in March: Treasury and Finance Ministry data shows end-March figure rose 67% on annual basis
yenisafak.com/en/news/turkish-central-government-debt-stock-totals-232b-in-march-3681895
Turkish central government debt stock totals $232B in March
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Central Bank concerned about rising interest rates: Central Bank Governor John Rolle said in a speech to the Chartered Financial Analysts Society ...
thenassauguardian.com/business/central-bank-concerned-about-rising-interest-rates/article_733edc2c-00e5-11ef-9e6e-570eef6bbba5.html
Central Bank concerned about rising interest rates
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Quick Glance: IMF upgrades global growth forecast despite risks
  • The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.

  • IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.

  • While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.

  • Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
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Could France's soaring deficit and debt lead to a rating downgrade?: France is under intense fiscal scrutiny as it approaches weeks filled with critical ...
euronews.com/business/2024/04/22/could-frances-soaring-deficit-and-debt-lead-to-a-rating-downgrade
Could France's soaring deficit and debt lead to a rating downgrade?
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Moody's review affirms economy improving, says Bowe: Gowon Bowe, chief executive officer of Fidelity Bank, said the latest review of The Bahamas by Moody’s ...
thenassauguardian.com/business/moodys-review-affirms-economy-improving-says-bowe/article_3d39bc14-003b-11ef-a772-27bd250653af.html
Moody's review affirms economy improving, says Bowe
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S&P cut its Israel debt rating to A+ on geopolitical risks - Economy - The Jakarta Post
thejakartapost.com/business/2024/04/19/sp-cut-its-israel-debt-rating-to-a-on-geopolitical-risks.html
S&P cut its Israel debt rating to A+ on geopolitical risks - Economy - The ...
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US debt: Why economists are so worried about huge buildup: The government's soaring debt balance risks stoking inflation and lowering the quality of life for ...
businessinsider.com/us-debt-problem-explained-deficit-gdp-inflation-economy-interest-rates-2024-4
US debt: Why economists are so worried about huge buildup
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Egypt committed to tame debt level to below 80% by 2027: Finance minister to IMF - Economy - Business
english.ahram.org.eg/NewsContent/3/12/522156/Business/Economy/Egypt-committed-to-tame-debt-level-to-below--by--F.aspx
Egypt committed to tame debt level to below 80% by 2027: Finance minister ...
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Economist: Malaysia’s story must be told louder: KUALA LUMPUR: There is more optimism abroad about Malaysia and its growth prospects compared to within the ...
thestar.com.my/business/business-news/2024/04/22/economist-malaysias-story-must-be-told-louder
Economist: Malaysia’s story must be told louder
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Slow growth, high debt - troubled UK economy awaits election winners: Britain's national election, expected later this year, will take place against a backdrop ...
reuters.com/world/uk/slow-growth-high-debt-troubled-uk-economy-awaits-election-winners-2024-04-19/
Slow growth, high debt - troubled UK economy awaits election winners
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S&P revises Greece’s outlook to ‘positive’ on debt reduction: Credit ratings agency S&P on Friday revised its outlook on Greece to “positive” from “stable ...
ekathimerini.com/economy/1236926/sp-revises-greeces-outlook-to-positive-on-debt-reduction/
S&P revises Greece’s outlook to ‘positive’ on debt reduction
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World Bank rings alarm on reversal of poorest nations' development: The World Bank said in a report Monday that for the first time this century ...
dailysabah.com/business/economy/world-bank-rings-alarm-on-reversal-of-poorest-nations-development
World Bank rings alarm on reversal of poorest nations' development
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Worsening US debt outlook seen more in gold and bitcoin than in bonds: Concern about the rapidly rising U.S. government debt is partly behind recent surges in ...
reuters.com/markets/us/worsening-us-debt-outlook-seen-more-gold-bitcoin-than-bonds-2024-04-19/
Worsening US debt outlook seen more in gold and bitcoin than in bonds
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Unlike COVID, we know debt crisis is coming. How will we explain why we didn’t act? | Opinion
charlotteobserver.com/opinion/the-point/article287747275.html
Unlike COVID, we know debt crisis is coming. How will we explain why we ...
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I tried to wipe out the national debt, but they didn't cash my check: A little more than 40 years ago, during the Reagan administration, the national debt topped ...
post-gazette.com/life/goodness/2024/04/19/national-debt-peter-longini/stories/202404190002
I tried to wipe out the national debt, but they didn't cash my check
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OPINION | Lawmakers want to make China pay its trillion-dollar debt to Americans: When the People’s Republic of China won recognition as China’s rightful ...
trib.al/qPdn2VS
OPINION | Lawmakers want to make China pay its trillion-dollar debt to ...
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David Rosenberg: Budget 2024 deserves a failing grade and will make the fight against inflation even harder
theglobeandmail.com/investing/markets/inside-the-market/article-david-rosenberg-this-anti-competitiveness-budget-deserves-a-failing/
David Rosenberg: Budget 2024 deserves a failing grade and will make the ...
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IMF implements policy reform to aid countries amid debt crisis New approach addresses rising global public debt levels Shivan Chanana and Hem Saroya tell ... Show more   wionews.com/videos   #IMF   #BusinessNews
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Here’s what a ‘fairness for every generation’ budget would have actually included
theglobeandmail.com/opinion/article-heres-what-a-fairness-for-every-generation-budget-would-have-actually/
Here’s what a ‘fairness for every generation’ budget would have actually ...
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Commentary: Entrepreneurship as America’s debt solution: By creating a thriving startup environment, we can generate a powerful economic engine that not only ...
orlandosentinel.com/2024/04/19/commentary-entrepreneurship-as-americas-debt-solution/
Commentary: Entrepreneurship as America’s debt solution
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#VantageOnFirstpost : The International Monetary Fund has issued a warning about the potential global repercussions of the rising US government debt ... Show more
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Adhere to principles of fiscal federalism: Adhere to principles of fiscal federalism
deccanherald.com/opinion/adhere-to-principles-of-fiscal-federalism-2984668
Adhere to principles of fiscal federalism
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These ‘low risk’ investments are on sale — and that’s good news for retirees: This stampede away from certain assets has created a buyer’s market
marketwatch.com/story/good-news-for-retirees-as-these-low-risk-investments-go-on-sale-98d8c9f7
These ‘low risk’ investments are on sale — and that’s good news for ...
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The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...
thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/
The truth comes out: US is paying dearly for outperformance 
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Egypt looks forward to mobilising sustainable finance for Africa’s public health: Finance Minister Read more: www.dailynewsegypt.com/2024/04/18/egypt-looks-forward-to-mobilising-sustainable-finance-for-africas-public-health-finance-minister/
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The Urgency of Sovereign-Debt Restructuring | by José Antonio Ocampo - Project Syndicate
project-syndicate.org/commentary/world-needs-comprehensive-debt-restructuring-mechanism-by-jose-antonio-ocampo-2024-04
The Urgency of Sovereign-Debt Restructuring | by José Antonio Ocampo - ...
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The budget’s tax changes on corporations and the wealthy are long overdue : Austerity or adding to the national debt would only make things worse. Instead ...
theglobeandmail.com/business/commentary/article-the-budgets-tax-changes-on-corporations-and-the-wealthy-are-long/
The budget’s tax changes on corporations and the wealthy are long overdue
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Cayman continues on path towards debt freedom: The Cayman Islands government has continued to chip away at its half-a-billion-dollar debt ...
royalgazette.com/international-business/business/article/20240418/cayman-continues-on-path-towards-debt-freedom/
Cayman continues on path towards debt freedom
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Egypt's International Cooperation Minister calls for innovative financing to tackle climate change, debt at G24 - Dailynewsegypt
dailynewsegypt.com/2024/04/18/egypts-international-cooperation-minister-calls-for-innovative-financing-to-tackle-climate-change-debt-at-g24/
Egypt's International Cooperation Minister calls for innovative ...
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The budget plus other letters, April 18: ‘Finally some sensible, upfront tax talk’
theglobeandmail.com/opinion/letters/article-budget-taxes-capital-gains-debt/
The budget plus other letters, April 18: ‘Finally some sensible ...