China Pledges Proactive Fiscal, Loose Monetary Policies for 2025 Economic Boost
China's top policymakers pledged a more proactive fiscal policy and a moderately loose monetary policy for 2025 to boost economic recovery, stabilize growth, and improve living standards, as announced following a key Politburo meeting.
China Pledges Proactive Fiscal, Loose Monetary Policies for 2025 Economic Boost
China's top policymakers pledged a more proactive fiscal policy and a moderately loose monetary policy for 2025 to boost economic recovery, stabilize growth, and improve living standards, as announced following a key Politburo meeting.
Progress
4% Bias Score
BIS warns of looming government debt crisis
The Bank for International Settlements (BIS) warns of a looming government debt crisis, urging immediate action from policymakers to prevent financial market destabilization and economic damage; rising U.S. and UK debt, coupled with political uncertainty, fuels concerns.
BIS warns of looming government debt crisis
The Bank for International Settlements (BIS) warns of a looming government debt crisis, urging immediate action from policymakers to prevent financial market destabilization and economic damage; rising U.S. and UK debt, coupled with political uncertainty, fuels concerns.
Progress
44% Bias Score
China Announces Loose Monetary Policy to Boost Growth
China's Politburo announced an "appropriately loose" monetary policy and a proactive fiscal policy for 2025 to stimulate economic growth, focusing on domestic demand and consumption, in response to economic slowdown and potential US tariffs; stock markets rose.
China Announces Loose Monetary Policy to Boost Growth
China's Politburo announced an "appropriately loose" monetary policy and a proactive fiscal policy for 2025 to stimulate economic growth, focusing on domestic demand and consumption, in response to economic slowdown and potential US tariffs; stock markets rose.
Progress
40% Bias Score
French Budget Crisis: Deficit to Rise if New Budget Isn't Approved
French Prime Minister Barnier's resignation leaves France without a 2025 budget, potentially increasing the deficit to 6.3-6.6% of GDP if the 2024 budget is extended, exceeding EU limits and raising debt refinancing costs; a new Prime Minister will be appointed, but a swift budget adoption is improb...
French Budget Crisis: Deficit to Rise if New Budget Isn't Approved
French Prime Minister Barnier's resignation leaves France without a 2025 budget, potentially increasing the deficit to 6.3-6.6% of GDP if the 2024 budget is extended, exceeding EU limits and raising debt refinancing costs; a new Prime Minister will be appointed, but a swift budget adoption is improb...
Progress
36% Bias Score
OECD Report Praises Greece's Economic Progress, Recommends Productivity Focus
The OECD commends Greece's robust economic growth exceeding Eurozone averages, substantial unemployment decrease, increased investment and tax revenue (projected €1.8 billion for 2024 from improved tax collection), and significant public debt reduction; it recommends aligning wage growth with produc...
OECD Report Praises Greece's Economic Progress, Recommends Productivity Focus
The OECD commends Greece's robust economic growth exceeding Eurozone averages, substantial unemployment decrease, increased investment and tax revenue (projected €1.8 billion for 2024 from improved tax collection), and significant public debt reduction; it recommends aligning wage growth with produc...
Progress
52% Bias Score
Trump's $2 Trillion Budget Cut Plan Faces Steep Challenges
President-elect Trump's plan to cut $2 trillion from the federal budget faces significant challenges due to mandatory spending and political realities, echoing the failure of the 1982 Grace Commission.
Trump's $2 Trillion Budget Cut Plan Faces Steep Challenges
President-elect Trump's plan to cut $2 trillion from the federal budget faces significant challenges due to mandatory spending and political realities, echoing the failure of the 1982 Grace Commission.
Progress
48% Bias Score
China Unveils 10 Trillion Yuan Debt Relief Package
China launched a 10 trillion yuan debt-relief package on November 8th to address 14.3 trillion yuan in local government hidden liabilities, aiming to reduce them to 2.3 trillion yuan by 2028 through special bonds and relaxed restrictions on special-purpose bonds, marking a shift towards proactive de...
China Unveils 10 Trillion Yuan Debt Relief Package
China launched a 10 trillion yuan debt-relief package on November 8th to address 14.3 trillion yuan in local government hidden liabilities, aiming to reduce them to 2.3 trillion yuan by 2028 through special bonds and relaxed restrictions on special-purpose bonds, marking a shift towards proactive de...
Progress
48% Bias Score
Reeves Vows 'Iron Fist' on Spending, Seeking 5% Efficiency Gains
UK Chancellor Rachel Reeves announced a comprehensive review of government spending, aiming to cut 5% from budgets by 2029 to avoid further tax hikes and fund key public services, using a zero-based budgeting approach and external expert panels.
Reeves Vows 'Iron Fist' on Spending, Seeking 5% Efficiency Gains
UK Chancellor Rachel Reeves announced a comprehensive review of government spending, aiming to cut 5% from budgets by 2029 to avoid further tax hikes and fund key public services, using a zero-based budgeting approach and external expert panels.
Progress
52% Bias Score
France Reviews Tax Benefits on Investments Amidst Fiscal Concerns
Amid France's financial difficulties, the government is evaluating tax benefits on various investments, including retirement savings plans and real estate, due to their high cost to the state and disproportionate benefits to high-income earners.
France Reviews Tax Benefits on Investments Amidst Fiscal Concerns
Amid France's financial difficulties, the government is evaluating tax benefits on various investments, including retirement savings plans and real estate, due to their high cost to the state and disproportionate benefits to high-income earners.
Progress
52% Bias Score
"Eurozone Economic Growth Revised Downwards, Fragmentation Hinders Collective Action"
"The Eurozone's economic growth is projected to be below 1% in 2024, significantly lower than previously predicted, reflecting structural issues in major economies and leading to fragmented national responses to the crisis, hindering collective action."
"Eurozone Economic Growth Revised Downwards, Fragmentation Hinders Collective Action"
"The Eurozone's economic growth is projected to be below 1% in 2024, significantly lower than previously predicted, reflecting structural issues in major economies and leading to fragmented national responses to the crisis, hindering collective action."
Progress
36% Bias Score
Bond Vigilantes' Potential Resurgence
Ed Yardeni coined the term "bond vigilantes" to describe large investors who influence government policy by strategically buying and selling bonds, impacting interest rates; their potential resurgence is linked to concerns about increased government borrowing under the new administration.
Bond Vigilantes' Potential Resurgence
Ed Yardeni coined the term "bond vigilantes" to describe large investors who influence government policy by strategically buying and selling bonds, impacting interest rates; their potential resurgence is linked to concerns about increased government borrowing under the new administration.
Progress
40% Bias Score
EU Criticizes Hungary's Fiscal Plans for Missing Data
The European Commission criticized Hungary's fiscal plans for missing key information and unreliable data, potentially delaying the assessment until mid-January and risking EU sanctions.
EU Criticizes Hungary's Fiscal Plans for Missing Data
The European Commission criticized Hungary's fiscal plans for missing key information and unreliable data, potentially delaying the assessment until mid-January and risking EU sanctions.
Progress
40% Bias Score