Israel Faces Looming Poverty Crisis Amidst Planned Economic Increases
The 2024 Latet report shows 1.24 million Israeli children (39.6%) and 678,200 families live in poverty; The Soup Kitchen warns that planned economic increases will cause a major crisis, as requests for aid have risen 40% since the war.
Israel Faces Looming Poverty Crisis Amidst Planned Economic Increases
The 2024 Latet report shows 1.24 million Israeli children (39.6%) and 678,200 families live in poverty; The Soup Kitchen warns that planned economic increases will cause a major crisis, as requests for aid have risen 40% since the war.
Progress
56% Bias Score
CEMAC Economic Growth Projected at 2.7% in 2024
The CEMAC's economic growth is projected to rise to 2.7% in 2024 from 2% in 2023, driven by improvements in non-oil sectors, while inflation will ease to 4.4%. The Monetary Policy Committee decided to keep interest rates unchanged due to remaining economic vulnerabilities.
CEMAC Economic Growth Projected at 2.7% in 2024
The CEMAC's economic growth is projected to rise to 2.7% in 2024 from 2% in 2023, driven by improvements in non-oil sectors, while inflation will ease to 4.4%. The Monetary Policy Committee decided to keep interest rates unchanged due to remaining economic vulnerabilities.
Progress
32% Bias Score
Disappointing Christmas Sales in Germany Amidst Economic Uncertainty
Germany's Christmas retail sales fell short of the projected \u20ac121 billion due to global political instability and economic uncertainty impacting consumer confidence, resulting in decreased spending, although the post-Christmas sales period offers some relief.
Disappointing Christmas Sales in Germany Amidst Economic Uncertainty
Germany's Christmas retail sales fell short of the projected \u20ac121 billion due to global political instability and economic uncertainty impacting consumer confidence, resulting in decreased spending, although the post-Christmas sales period offers some relief.
Progress
48% Bias Score
CEMAC Leaders Agree on Urgent Economic Reforms to Avert Collapse
CEMAC leaders in Yaoundé agreed on urgent economic reforms to avoid collapse, focusing on strengthening reserves, controlling inflation, repatriating revenues, and diversifying economies to counter underperformance and weak reforms.
CEMAC Leaders Agree on Urgent Economic Reforms to Avert Collapse
CEMAC leaders in Yaoundé agreed on urgent economic reforms to avoid collapse, focusing on strengthening reserves, controlling inflation, repatriating revenues, and diversifying economies to counter underperformance and weak reforms.
Progress
40% Bias Score
Fed Holds Steady on Rates in January, More Cuts Expected in 2025
The Federal Reserve cut interest rates by 0.25% on December 18, 2024, but a January 29, 2025 rate cut is unlikely due to elevated inflation (November CPI at 2.7%, core CPI at 3.3%) and low unemployment; however, further cuts are likely in 2025.
Fed Holds Steady on Rates in January, More Cuts Expected in 2025
The Federal Reserve cut interest rates by 0.25% on December 18, 2024, but a January 29, 2025 rate cut is unlikely due to elevated inflation (November CPI at 2.7%, core CPI at 3.3%) and low unemployment; however, further cuts are likely in 2025.
Progress
40% Bias Score
US Stocks Rise After Shutdown Averted, Inflation Eases Concerns
U.S. stock index futures rose on Monday following Congress's passage of a spending bill that averted a government shutdown and a positive inflation report that reduced concerns about interest rate hikes; the Dow E-minis rose 0.07%, the S&P 500 E-minis rose 0.26%, and the Nasdaq 100 E-minis rose 0.45...
US Stocks Rise After Shutdown Averted, Inflation Eases Concerns
U.S. stock index futures rose on Monday following Congress's passage of a spending bill that averted a government shutdown and a positive inflation report that reduced concerns about interest rate hikes; the Dow E-minis rose 0.07%, the S&P 500 E-minis rose 0.26%, and the Nasdaq 100 E-minis rose 0.45...
Progress
44% Bias Score
Turkey Raises Minimum Wage to 22,104 TL Amidst Inflation Concerns
Turkey's minimum wage increased to 22,104 TL, a 30% rise, following a committee meeting boycotted by TÜRK-İŞ due to insufficient increase amidst high inflation; opposition leader Özgür Özel criticized the decision as insufficient and ignoring the cost of living.
Turkey Raises Minimum Wage to 22,104 TL Amidst Inflation Concerns
Turkey's minimum wage increased to 22,104 TL, a 30% rise, following a committee meeting boycotted by TÜRK-İŞ due to insufficient increase amidst high inflation; opposition leader Özgür Özel criticized the decision as insufficient and ignoring the cost of living.
Progress
56% Bias Score
Gold Prices Steady Amidst Economic Uncertainty
Spot gold rose 0.1% to $2,616.88 per ounce on Tuesday, driven by low liquidity and anticipation of the Fed's interest rate decisions and President-elect Trump's policies; gold had a stellar 2024, gaining 27%.
Gold Prices Steady Amidst Economic Uncertainty
Spot gold rose 0.1% to $2,616.88 per ounce on Tuesday, driven by low liquidity and anticipation of the Fed's interest rate decisions and President-elect Trump's policies; gold had a stellar 2024, gaining 27%.
Progress
40% Bias Score
Food Bank Donations Plummet in Saxony Amidst Rising Demand
Food banks in Saxony, Germany are experiencing a decrease in donations as retail costs rise, while demand surges due to inflation; this has led to waiting lists for new clients in some areas, primarily impacting rural communities.
Food Bank Donations Plummet in Saxony Amidst Rising Demand
Food banks in Saxony, Germany are experiencing a decrease in donations as retail costs rise, while demand surges due to inflation; this has led to waiting lists for new clients in some areas, primarily impacting rural communities.
Progress
36% Bias Score
Trump's Economic Policies: Potential for Slower Growth and Higher Inflation
President-elect Trump's economic policies, including tax cuts and tariffs, contrast with President Biden's approach, despite a strong economy under Biden; this could lead to decreased growth and increased inflation, particularly in food and restaurant prices.
Trump's Economic Policies: Potential for Slower Growth and Higher Inflation
President-elect Trump's economic policies, including tax cuts and tariffs, contrast with President Biden's approach, despite a strong economy under Biden; this could lead to decreased growth and increased inflation, particularly in food and restaurant prices.
Progress
40% Bias Score
UK Faces Recession Amidst Labour's Tax Hikes
Britain's economy is facing a potential recession in early 2025 due to Labour's recent budget that increased employers' National Insurance contributions by £25 billion, negatively impacting business investment and leading to hiring freezes and potential job losses across sectors, according to a CBI ...
UK Faces Recession Amidst Labour's Tax Hikes
Britain's economy is facing a potential recession in early 2025 due to Labour's recent budget that increased employers' National Insurance contributions by £25 billion, negatively impacting business investment and leading to hiring freezes and potential job losses across sectors, according to a CBI ...
Progress
60% Bias Score
India's Economic Growth Slows to 5.4%, Below Projections
India's economic growth slowed to 5.4% in Q3 2023, below the projected 7%, due to weak consumer demand, stagnant private investment, reduced government spending, and high interest rates aimed at curbing 6.2% inflation; experts highlight a dualistic economy hindering sustained growth.
India's Economic Growth Slows to 5.4%, Below Projections
India's economic growth slowed to 5.4% in Q3 2023, below the projected 7%, due to weak consumer demand, stagnant private investment, reduced government spending, and high interest rates aimed at curbing 6.2% inflation; experts highlight a dualistic economy hindering sustained growth.
Progress
16% Bias Score