Population EPIDEMIC Will Wreak Havoc on the Economy | Global Layoffs

A significant outflow of funds from JPMorgan Chase has raised concerns over the stability of the US banking sector. Amid this, the US also experiences the highest level of corporate bankruptcies since 2010, adding to the financial turmoil. On a positive note, the Federal Reserve believes banks can manage outflow risk in its new payment service system. Internationally, India and the UAE have announced plans to trade in local currencies, linking their payment systems in a step that could reshape international trade dynamics. Simultaneously, rising living costs are having profound effects. A cost-of-living crisis is fueling job quits, making employees rethink their current roles. Surging food prices are creating a predicament for households worldwide, with some households cutting back on consumption, and analysts warning of a 'tipping point.' UK food price inflation is expected to hit 9% by December, with supermarket food prices increasing more than 25% in two years. However, amid these challenging trends, there are some positive signals. The housing market recession seems to be ending, and despite the financial turbulence, Americans reportedly have more in the bank now than before the pandemic. On the other hand, US Treasury Secretary Janet Yellen does not foresee a US recession, even as China's slowdown risks causing global economic disruption. #GlobalEconomy #economy #collapse #inflation

TOPICS AND TIMESTAMPS:
Current Conditions 0:00
Corporation Conditions 2:53
Consumer Conditions 4:13

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#money #inflation #investing #business #economy