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IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
Authored by Rex Widerstrom via The Epoch Times (emphasis ours),
The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world.
Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett
In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to...
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Iran Says US Repeating ‘Big Lies’ After Trump’s State of the Union Address
Iranian Foreign Ministry spokesman Esmaeil Baghaei said on Wednesday that the US was repeating “big lies” about Iran’s nuclear program, comments that came after President Trump delivered his State of the Union address. In the address, Trump claimed he wanted a deal with Iran but that Tehran wouldn’t say “those secret words, ‘We will never […]
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China's Debt Surpasses Europe For The First Time
China's Debt Surpasses Europe For The First Time
China’s government debt has surpassed the European Union’s for the first time, marking a major shift in the global debt landscape.
Since the 2008 financial crisis, the U.S., China, and Europe have followed very different borrowing paths. While Europe kept debt growth relatively constrained, both the U.S. and China expanded rapidly—especially after 2020.
The chart below, via Visual Capitalist's Niccolo Conte, visualizes annual government debt totals for the U.S., EU, and China from 1995 to 2025 in current U.S. dollars (not adjusted for inflation),...
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