21st October 2024

  • World’s $100 Trillion Fiscal Timebomb Keeps Ticking: Eco Week

IMF urges debt reduction as finance chiefs meet in Washington

Canadian interest rate cut, Russian rate hike anticipated

https://blinks.bloomberg.com/news/stories/SLN4P0T1UM0W

  • World Economy Fault Lines Shift From Prices to Politics and Debt

Finance, monetary chiefs gather in DC on cusp of US election

Bloomberg Economics predicts 2024 world growth will slow to 3%

https://blinks.bloomberg.com/news/stories/SLGAA0DWLU68

  • US Interest Burden Hits 28-Year High, Escalating Political Risk

Treasury’s 2024 interest bill exceeded US spending on defense

The climb reflects a historically big fiscal gap, higher rates

https://blinks.bloomberg.com/news/stories/SJYZI0T1UM0W

  • US Posts $1.8 Trillion Annual Deficit, Highest Outside of Covid

Deficit exceeds 6% of GDP for a second straight year

Debt interest costs, Social Security, defense spending climb

https://blinks.bloomberg.com/news/stories/SLI5O7DWX2PS

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