latest news in economy

Commerce Secretary Projects Strong Q1 Growth and Warns EU Against Trade Retaliation

Commerce Secretary Projects Strong Q1 Growth and Warns EU Against Trade Retaliation

Davos, Tuesday, 20 January 2026.
Defying conservative forecasts, Secretary Lutnick projects Q1 growth exceeding 5% and warns European allies that retaliating against Greenland-related tariffs risks spiraling into a “tit-for-tat” trade war.

EU Signals Historic Trade Deal with India is Near Completion

EU Signals Historic Trade Deal with India is Near Completion

Davos, Tuesday, 20 January 2026.
EU leadership confirms the “mother of all deals” is imminent. This historic pact unites a market of two billion people, set to be finalized during India’s Republic Day celebrations.

Ray Dalio Warns US Dollar Dominance at Risk as Global Debt Mounts

Ray Dalio Warns US Dollar Dominance at Risk as Global Debt Mounts

New York, Tuesday, 20 January 2026.
Dalio’s warning resurfaces as central bank gold reserves surpass US Treasury holdings for the first time since 1996, signaling a critical shift away from the dollar amid rising debt.

India Projected to Enter Upper-Middle-Income Bracket by 2030 as Economy Surges

India Projected to Enter Upper-Middle-Income Bracket by 2030 as Economy Surges

Mumbai, Tuesday, 20 January 2026.
Poised to become the world’s third-largest economy by 2028, India is projected to reach a $4,000 per capita income, securing upper-middle-income status by 2030.

Canadian Inflation Ticks Up to 2.4 Percent Driven by Past Tax Comparisons

Canadian Inflation Ticks Up to 2.4 Percent Driven by Past Tax Comparisons

Ottawa, Tuesday, 20 January 2026.
Headline inflation hit 2.4 percent due to tax-year effects, yet core prices cooled. Strikingly, coffee prices surged 30.8 percent, highlighting persistent grocery affordability issues despite stabilizing trends.

US Secures $500 Billion Commitment to Reshore Taiwan's Semiconductor Supply Chain

US Secures $500 Billion Commitment to Reshore Taiwan's Semiconductor Supply Chain

Washington D.C., Tuesday, 20 January 2026.
Secretary Lutnick detailed a historic $500 billion framework to relocate Taiwan’s semiconductor supply chain to American soil, leveraging massive credit guarantees to secure US technological independence.

Economic Growth Masks Widening Inequality One Year Into Trump's Term

Economic Growth Masks Widening Inequality One Year Into Trump's Term

Washington, Tuesday, 20 January 2026.
Despite a booming stock market, the wealth gap has hit historic highs. Data shows US consumers, not foreign nations, are paying 96% of the administration’s aggressive tariffs.

Study Reveals US Importers and Consumers Absorb Nearly Full Cost of Trade Tariffs

Study Reveals US Importers and Consumers Absorb Nearly Full Cost of Trade Tariffs

Kiel, Monday, 19 January 2026.
New data indicates foreign exporters absorb only 4% of tariff costs; the remaining 96% falls on US importers, effectively functioning as a direct tax on the American economy.

IMF Raises 2026 Global Growth Forecast to 3.3% as AI Investment Offsets Trade Risks

IMF Raises 2026 Global Growth Forecast to 3.3% as AI Investment Offsets Trade Risks

Washington, Monday, 19 January 2026.
The International Monetary Fund (IMF) has revised its 2026 global growth forecast upward to 3.3 percent, identifying a persistent surge in artificial intelligence investment as a critical counterweight to recent trade volatility. In a compelling display of economic resilience, the IMF notes that the global economy is effectively “shaking off” the tariff disruptions of 2025 and is now performing better than predictions made before the protectionist measures began. While the easing of U.S. tariffs and robust growth projections for the United States and China underpin this optimism, the Fund cautions that this stability remains vulnerable to geopolitical escalations and the successful realization of anticipated AI productivity gains.

China Meets 2025 Growth Targets as Economic Momentum Cools to Three-Year Low

China Meets 2025 Growth Targets as Economic Momentum Cools to Three-Year Low

Beijing, Monday, 19 January 2026.
Despite hitting its 5% annual target, China’s economy slowed to a three-year low of 4.5% in the fourth quarter, exposing critical weaknesses in domestic demand as 2026 begins.