Manufacturing and healthcare top the list of job cuts this week with several companies announcing hundreds of layoffs.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Oct 22 2024
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HIGH DEBT, SLOW GROWTH DRAG DOWN GLOBAL ECONOMY, IMF SAYS
The world’s debt burden, already high and still growing, coupled with “anemic” economic growth are hobbling the global economy, Kristalina Georgieva, the International Monetary Fund’s managing director, said in a 17 October CNBC interview.
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GOVERNMENTS’ DEBT WILL TOP $100 TRILLION THIS YEAR, IMF SAYS
Worldwide public debt will exceed $100 trillion before this year is over, rising to 93 percent of the globe's total economic output, according to a new study by the International Monetary Fund (IMF).