Category: Economy

Big US Banks Prepare For Mild Recession

Big US Banks Prepare For Recession

Major US banks have reported mixed results for the fourth quarter, as bank executives pointed to the rising odds of a “mild recession,” with inflation and interest rate hikes challenging households and businesses. It seems like big US banks are preparing for a mild recession.

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FedEx CEO Predicts Worldwide Recession

FedEx CEO Predicts Worldwide Recession

After FedEx failed expectations for revenue and earnings in its first quarter, the CEO became pessimistic. Additionally, the business revoked its full-year guidance. The FedEx CEO has predicted a worldwide recession.

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India Overtakes UK To Become Fifth Biggest Economy

India Overtakes UK To Become Fifth Biggest Economy

India has overtook UK to become the fifth biggest economy in the world. Furthermore, the IMF has predicted that this will become the new normal, with India set to overtake the UK up until 2027, becoming the fourth-largest economy in the world while the UK falls to sixth.

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List Of Countries Most In Debt To China

List Of Countries Most In Debt To China

Chinese loans have shorter repayment terms and higher interest rates than bilateral loans from Paris Club nations or loans from international organizations like the World Bank or the International Monetary Fund. This is the list of Countries that are most in debt to China.

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