Tag: economic indicators
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UK fell into recession at the end of 2023 as economy takes center stage in runup to general election
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The British economy fell into recession at the end of 2023 as output shrank more than anticipated in the final three months of the year
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CBO warns 2025 debt interest costs to exceed World War II levels
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The cost to service the U.S. government’s burgeoning debt load will hit a record high next year and then keep on climbing, the Congressional Budget Office warned on Wednesday. Net interest payments will climb to 3.1% of gross domestic product next year, the highest level in records going back to 1940, and then go on…