Source link The president-elect has pledged radical policy measures to deal with the financial crisis Argentina’s president-elect Javier Milei is facing a huge challenge of turning around the nation’s battered economy when he takes office on December 10. Critics claim Milei’s radical proposals are pushing the country into the unknown. RT explores his endeavor to […]
Source link The South Asian nation will be the fastest-growing emerging market in the coming years, the rating agency said India is set to overtake the EU’s powerhouse, Germany, in terms of economic might by the end of the decade, the S&P Global Ratings has projected. In its latest report, the Global Credit Outlook 2024, […]
Source link Argentina’s president-elect, Javier Milei, announced on Wednesday that he has chosen former Wall Street stock trader Luis Caputo to be the country’s economy minister. Milei made the announcement on Radio La Red after a two-day trip to Washington in which he met US Treasury and the International Monetary Fund (IMF) officials. Caputo, who […]
Source link The Western sanctions have failed to undermine the country’s financial stability, Dmitry Peskov has said The unprecedented Western sanctions on Russia have failed to destabilize the economy, Kremlin spokesman Dmitry Peskov said at a press briefing on Wednesday. According to Peskov, Russia’s “macrostability is ensured and the economy has entered a growth trajectory […]
Source link The uncertainty over fund allocations has aggravated Berlin’s budget crisis, with the potential to harm GDP Germany will face an economic downturn if the government fails to replenish funds designated for financing green initiatives, Vice Chancellor and Economy Minister Robert Habeck stated on Monday. The warning comes as Germany’s ruling coalition unveiled a […]
Source link The country spends $270 million a day on the military campaign in Gaza, according to the credit rating agency The war with the Palestinian militant group Hamas is costing Israel at least $269 million a day and is expected to hit the country’s economy harder than previous conflicts, ratings agency Moody’s has said […]
Source link Israel’s conflict with the Palestinian militant group Hamas has completely destroyed Gaza’s economy, CNBC reported on Thursday, citing experts. According to the report, the current escalation of the conflict, which started on October 7, has deprived the territory of its sole source of income – access to Israel’s labor market. Over the past […]
Source link Western sanctions have so far failed to halt Russia’s economic growth, which is now projected to outpace that of the Eurozone, the Guardian reported on Thursday, citing investment firm Amundi. According to the company’s forecast, Russia’s gross domestic product (GDP) will grow by 1.5% in 2024. In contrast, the Eurozone economy is set […]
Source link The lingering economic downturn in the Eurozone signals that the region may plunge into a recession by the end of the year, Bloomberg reported on Thursday, citing economists and private-sector activity surveys. According to S&P Global, the purchasing managers’ index (PMI) in the region continued to shrink in November, plunging to 47.1 points, […]
Source link The massive money printing is driving up inflation and food prices, according to the Russian president The world economy is struggling under overwhelming stress caused by the unwise macroeconomic policies of some countries, Russian President Vladimir Putin said during an online address to an extraordinary G20 summit on Wednesday. Speaking via video link, […]
Source link Fragmentation will have severe implications for global trade and financial stability, Christine Lagarde warns Growing geopolitical tensions could accelerate the world economy’s deglobalization process, which would have far-reaching implications for all, European Central Bank (ECB) President Christine Lagarde warned on Friday. According to Lagarde, Europe is now at a critical juncture, facing a […]