| The Fiscal and Financial Risks of a High-Debt, Slow-Growth World
March 28, 2024-Higher long-term real interest rates, lower growth, and higher debt will put pressure on medium-term fiscal trends and financial stability |
| Decisive and credible fiscal action that gradually brings global debt levels to more sustainable levels can help mitigate these dynamics.
Public debt sustainability Debt sustainability depends upon four key ingredients: primary balances, real growth, real interest rates, and debt levels. Higher primary balances—the excess of government revenues over expenditures excluding interest payments-and growth help to achieve debt sustainability, whereas higher interest rates and debt levels make it more challenging. For a long time, debt dynamics remained very benign. That’s because real interest rates were significantly below growth rates. This reduced the pressure for fiscal consolidation and allowed public deficits and public debt to drift upwards. Then, during the pandemic, debt increased even more as governments rolled out large emergency support packages. |
| CoinEx Research April 2025 Report: Bitcoin and Gold Dual Safe Havens in a Shifting World May 6, 2025-CoinEx Research's April 2025 Report: In early April, Bitcoin fell to $74,500 amid escalating U.S. tariff tensions. A dramatic policy shift on April 9, with Trump announcing a 90-day pause on most reciprocal tariffs and a 125% rate on Chinese imports, reignited market confidence. |
| World Gold Council-Surging gold ETFs fuel Q1 demand April 30, 2025--The World Gold Council's Q1 2025 Gold Demand Trends report reveals total quarterly gold demand (including OTC1) was 1,206t, a 1% increase year-on-year, in a record high price environment, in which gold surpassed US$3,000/oz. |
| Deloitte Releases 2025 Financial Services Industry Predictions Report April 24, 2025-Disruptive forces including evolving market dynamics and technology advancement may reshape banking and capital markets, investment management, insurance, and commercial real estate by 2030 |
| Flow Traders 1Q 2025 Trading Update April 24, 2025--Flow Traders 1Q 2025 Trading Update |