The Producer Price Index surged to 1.4%, exceeding forecasts and previous figures.
economists
Albanese shifts wealth from Boomers to younger Australians in a dramatic budget overhaul.
Treasurer Jim Chalmers hands down a federal budget with tax cuts and reforms.
Ethiopia's $51.8 billion debt burden challenges Prime Minister Abiy Ahmed's IMF reforms as the US returns $1 billion annual support and multilateral lenders increase financing, though economists warn of mounting debt-servicing costs and currency shortages.
Businesses are experiencing increased operational costs stemming from the Iran conflict, while economists project additional economic pressures will intensify in coming months, signaling prolonged supply chain disruptions and market volatility ahead.
India urged citizens to reduce fuel consumption and limit non-essential imports amid global energy crises from geopolitical tensions, aiming to conserve foreign exchange reserves, control inflation, and strengthen domestic industries through behavioral changes.
India is better positioned than many countries during the current energy shock, according to economists.
India is better positioned than many countries during the current energy shock, according to economists.
The Opportunity Party proposes a radical tax reset with a citizen's income and land value tax.
US trade court rules against Trump's 10 percent global tariffs, finding them unjustified under a 1970s trade law.
Trump's influence on Israel's economic growth is being examined and analyzed by experts and economists.
Banks in Bangladesh are abandoning private sector lending for risk-free government bonds yielding 12%.
Capitalists raise prices when demand exceeds supply to increase profits, a concept economists deem necessary.
India's demand remains steady in April, despite rising oil, export, and inflation risks, economists say.
Oil prices surged above $80 per barrel as Iran conflict disrupted Middle Eastern energy supplies, marking highest levels in over a year and threatening global fuel costs and economic growth.
The United States' national debt exceeded its GDP for the first time since World War II, crossing the 100% debt-to-GDP threshold due to sustained government borrowing and economic challenges, sparking debate among policymakers about long-term fiscal sustainability and economic implications.
Economists warn Japan's fuel subsidies may spur inflation.
The Senate confirmed Kevin Warsh to the Federal Reserve Board, with a chair vote expected soon. Markets anticipate his market-oriented approach could shift interest rate and banking regulation policies amid ongoing inflation and growth concerns.
Pakistan is increasing Russian oil imports to reduce dependence on Middle Eastern supplies vulnerable to Strait of Hormuz disruptions, diversifying its energy security amid regional tensions and geopolitical instability.
Italy's industrial production expanded significantly in March, though economists await potential disruptions from escalating Iran tensions that could affect future output and supply chains across Europe's economy.
WA opposition labels the 2026-27 state budget as reckless and unsophisticated.
Australia's budget will target rampant fraud in support services, including veterans affairs and NDIS.
The Reserve Bank raises interest rates for a third straight meeting to 4.35 percent amid inflation fears.
Economists say India is better positioned than many countries during the energy shock due to oil risks.
Government debt reached historic levels, alarming economists about potential economic consequences including reduced growth, higher inflation risks, and fiscal sustainability challenges across developed nations.
America’s Political and Economic Turbulence Continues to Reshape the Global Conversation
US debt has surpassed the nation's total economic output, sparking concerns about a potential fiscal crisis.
Soaring gas prices disproportionately affect lower-income Americans, forcing them to drive less and allocate more budget to transportation.
Yann LeCun advises students to ignore CEOs' alarmist AI rhetoric and pursue higher education.
Indonesia's 5.61% Q1 growth hides weak fundamentals, economists warn
Inflation hits a nearly 3-year high, driven by a 21% spike in gas prices over one month.
Nairobi Securities Exchange chairman's daughter marries a Nigerian tycoon in a traditional ceremony.
30-year mortgage rates have risen to 6.30%, driven by inflation and bond market shifts.
Economists argue Alabama is poised to become a major winner in the global economic transformation driven by AI, robotics, and space economy.
Australia's budget offers various initiatives, but voters remain unsatisfied despite efforts to address housing affordability.
Albanese shifts wealth from Boomers to younger Australians in a dramatic budget overhaul.
Asian currencies including the Indian rupee, Indonesian rupiah, and Philippine peso weakened significantly as US-Iran tensions elevated crude oil prices, triggering inflation fears and capital outflows from emerging markets across the region.
New Zealand's government finances remain under pressure with a multi-billion-dollar operating deficit despite slight improvement.
Trump's policy shift toward Maduro caused Venezuela's bolivar to depreciate sharply, with USD exchange rates surging significantly, deepening the nation's economic crisis amid political uncertainty.
Māori homeowners face financial stress due to falling house prices and rising debt pressures.
Economists say India is better positioned than many countries during the energy shock.
New Zealand's unemployment rate stabilizes at 5.3 percent amid economic strain and rising living costs.
Syria's petroleum company raised fuel prices dollar-indexed Thursday, triggering public anger despite government claims of sectoral improvement, with household gas costs jumping from $10.50 to $12.50 per cylinder amid widespread skepticism about economic recovery promises.
Mexico's annual headline inflation rate eased to 4.45% in April, paving the way for a potential interest rate cut.
Economists warn domestic demand buffers the economy amid global turbulence.
The Reserve Bank raises interest rates for a third straight meeting to 4.35 percent amid inflation fears.
India's demand remained steady in April, but economists warn of rising oil, export, and inflation risks.
The Reserve Bank is expected to raise interest rates to combat rising inflation pressures in the economy.
Experts warn of a potential stagflation crisis, sparking widespread concern among economists.
Economists warn that Takaichi's subsidies may spur Japanese inflation.
