Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the nation, … Read more
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for a third consecutive meeting on Thursday, but economists are … Read more
Palestinians gather at the site of Israeli strikes on houses, as the conflict between Israel and Palestinian Islamist group Hamas continues, in the northern Gaza Strip October 23, 2023. Reuters Any possible escalation of the Israel-Hamas war poses a major risk to the global economy, driving up energy prices and disrupting key trade routes, economists … Read more
Pedestrians walk past a billboard announcing the World Bank Group and International Monetary Fund annual meetings, on the side of the International Monetary Fund headquarters in Washington DC on October 5, 2023. Mandel Ngan | Afp | Getty Images Top economists and central bankers appear to be in agreement on one thing: interest rates will … Read more
SHENZHEN, CHINA – MARCH 09: View of excessive industrial and residential buildings on March 9, 2016 in Shenzhen, China. Normal financial slowdown continues in China whereas the property value and inventory bubble faces threat. (Picture by Zhong Zhi/Getty Photographs) Zhong Zhi | Getty Photographs Information | Getty Photographs China’s financial challenges have given rise to … Read more