The United Nations (UN) has warned that public debt levels in developing countries have reached a record high, reaching $31 trillion by 2024, with interest payments reaching $921 billion, a burden that is undermining the ability of countries to invest in services essential for sustainable development. The UN is calling for urgent fiscal reforms, in
The Russia-Ukraine war continues to rage: Pokrovsk Front clashes rage
The conflict between Russia and Ukraine continues to escalate and drag on. A report from the Ukrainian High Command on June 27 indicated that there were 153 clashes across the fronts, with Russia launching 56 attacks on the Pokrovsk Front in a single day. The violence continues to have a major impact on civilian life and infrastructure in Ukraine,
China rolls out new stimulus measures: Aiming to revive the real estate sector and consumption
The Chinese government has announced a comprehensive set of new stimulus measures, including lowering the reserve requirement ratio (RRR) to increase liquidity in the banking system, setting up special loans to stimulate large-scale consumption, and cutting transaction fees on the stock market. In addition, there have been investments in infrastruc
ECB cuts interest rates by 25 bps: Signaling easing of monetary policy
the European Central Bank (ECB) has announced a 25 basis point (0.25%) cut in its key interest rate, effective from June 11, 2025. This is the first cut in several years, reflecting the ECB's belief that inflation in the eurozone is continuing to slow. The move is aimed at boosting investment and consumption in a region that is slowly recovering af
Thai economy faces challenges: Growth forecast down to 1.5%
The Economic Intelligence Center (EIC) has revised down its growth forecast for Thailand’s economy in 2025 to 1.5%, much lower than previously projected. Slowdowns in tourism, exports, and private investment are all pressures. In addition, private consumption has declined rapidly, reflecting the vulnerability of the labor market and household inc