worldeconomy
The American public debt is at the highest levels ever and is expected to progressively increase due to huge budget deficits that surpass the country's economic growth, generating fears of a potential fiscal crisis in the world's leading economy. The US national debt has soared to a staggering $34.5 trillion (€32.3 trillion), nearly three times that of the entire eurozone, accounting for 122% of its gross domestic product (GDP) versus the eurozone's 87%. According to the latest International Monetary Fund (IMF)'s Fiscal Monitor report, this figure is projected to rise to 134% by 2029, indicati...
Euronews (English)
China has cut its mortgage-linked five-year loan prime rate (LPR), the country's central bank announced Tuesday - the first time it has done so since May 2023. The five-year rate was lowered by 0.25 basis points to 3.95% while the 1-year rate remains at 3.45%. Analysts said it was the largest cut on record for that rate. The surprise cut to the five-year LPR could improve affordability for buyers by lowering mortgage rates. China's economy, the world's second-largest, depends heavily on the property sector to drive growth and provide employment. Since a crackdown on what the country's leadersh...
Euronews (English)
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