Greece's economic model has undergone a significant reform, with increased emphasis on exports and investments, leading to better and more sustainable prospects for the economy, according to HSBC's latest report.
India's path to prosperity depends on the growth of all states, with some states performing better than others in terms of per capita income and economic outcomes, highlighting the need for policy interventions to address disparities and promote inclusive growth.
The text discusses the need to update payment details to maintain a subscription and the suggestion of rejoining the European Union as a solution to the UK's growth problem.
Former New Jersey Gov. Chris Christie believes changes to Social Security and Medicare benefits are necessary to avoid bankruptcy in the future, proposing raising the benefit eligibility age and means testing as possible solutions.
Britain's public debt load has risen by more than 40% to nearly £2.6 trillion ($3.3 trillion) since the pandemic began, causing concerns about the country's ability to service its liabilities and reigniting questions about its credit rating. The heavy reliance on index-linked bonds and the threat of inflation could further worsen the situation, potentially leading to a negative economic spiral that could last for years. The UK's debt burden is already higher than its entire annual economic output, and without action, it could balloon to three times the GDP over the next half century.
Former Toys "R" Us CEO Gerald Storch warns that the upcoming holiday season will be very difficult for retailers due to persistent inflation, as consumers face rising prices, interest rates, credit card debt, and student loan burdens.
Investor Michael Burry, known for correctly predicting the housing market collapse in 2008, has now bet more than $1.6bn on a Wall Street crash by the end of this year, taking out negative options on the S&P 500 and the Nasdaq 100.