Pakistan, a country with 240 Million people, is struggling under a severe debt burden. It is reported that 74% of the households in the country are not able to cover their basic monthly expenses, an almost 20% jump from last year when this number was 60%.
Global Markets saw its craziest week post pandemic, it started with Japanese Nikkei tanking over 12% (its worst since 1986) and S&P shedding over 3%, eroding $1.3 trillion investor wealth.
Bangladesh’s textile Industry came down in tatters with the ousting of their prime minister, Sheikh Hasina, these recent events are leaning the fate of $54 Billion Industry hanging in Jeopardy.
Wharton School Professor Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut.
Mega events like the Olympics, or even big concerts like Taylor Swift’s Eras tour, led to a rise in European inflation, but UBS is confident that it will not have a lasting impact.
Multinational groups from Volkswagen to AB InBev and L’Oréal have sounded the alarm about weak demand in China, But , even at current growth rates China still accounts for almost one-third of the world’s annual growth.
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