latest news in economy
UN Warns Global Economy Risks Settling Into Persistently Low Growth Era
New York, Thursday, 8 January 2026.
The UN projects 2026 growth at just 2.7 percent, significantly trailing the 3.2 percent pre-pandemic average. This signals the global economy may be settling into a permanently slower expansion path.
Fiscal Analysis Projects $5.8 Trillion Debt Increase from Proposed Defense Expansion
Washington, Thursday, 8 January 2026.
The Committee for a Responsible Federal Budget (CRFB) estimates that the proposed $1.5 trillion defense budget for Fiscal Year 2027 would add roughly $5.8 trillion to the national debt over the next decade. While the administration points to tariff revenues for funding, analysts warn of a substantial fiscal gap, noting that projected revenues cover only a fraction of the costs. Most intriguingly, data from the Peterson Foundation indicates this spending level would exceed the combined military budgets of the next 35 nations. As the Supreme Court weighs the legality of the funding source, these projections signal a critical turning point for U.S. borrowing and fiscal policy.
Job Openings Drop Sharply as Corporate Caution Stalls Hiring Despite Economic Growth
Washington, Wednesday, 7 January 2026.
While the broader economy continues to expand, the labor market has entered a defensive crouch, creating a puzzling disconnect for investors and policymakers. Data released Wednesday reveals that November job openings slid to just 7.15 million, significantly missing expectations and marking one of the lowest levels in recent years. The most intriguing insight comes from the stagnant “quits rate,” which suggests the labor market has become a game of musical chairs where the music has stopped—employees are clinging to existing seats rather than seeking new opportunities. This reluctance to hire, driven by uncertainty over tariffs and AI integration, signals a “jobless expansion” that complicates the Federal Reserve’s outlook for 2026.
US Secures Transfer of 50 Million Barrels of Venezuelan Crude Following Military Operation
Washington D.C., Wednesday, 7 January 2026.
President Trump asserts direct control over proceeds from 50 million barrels of Venezuelan crude transferring to the US, a strategic move following the recent military ousting of Maduro.
Morgan Stanley Forecasts S&P 500 Rally to 7,800 Driven by Six Key Catalysts
New York, Tuesday, 6 January 2026.
Strategists identify six overlooked drivers, including deregulation and rate cuts, propelling the S&P 500 to 7,800 in 2026—a projected 13% upside that defies expectations of a market slowdown.