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From CBO. Source: CBO. Notes: Solid light purple is FY2024, solid dark purple is FY2025, dashed black is FY2026 estimate for cumulative deficit. As of 2026Q2, we’re nearly a percentage point above full employment, according to CBO’s estimate of potential GDP. Shouldn’t the deficit be shrinking, rather than increasing, as a share of GDP?
We haven't written up this one. Econbrowser has the full story — the link below goes straight to it.
The British Pound (GBP) claws back its early losses against the US Dollar (USD) and flattens at around 1.3495 during the European trading session on Thursday.
Chinese e-commerce giant JD.com saw its second-quarter net profit soar 15 per cent year on year to 7.1 billion yuan (US$1.1 billion), beating market expectations despite a slight dip in overall revenue, as it contends with sluggish domestic consumer demand, fierce competition and a push into new business lines.
Chinese e-commerce giant JD.com saw its second-quarter net profit soar 15 per cent year on year to 7.1 billion yuan (US$1.1 billion), beating market expectations despite a slight dip in overall…
Petrol stations helped fuel record first-half profit for Union Gas.
JD.com Inc. posted its first quarterly revenue decline since listing in 2014, in the latest sign of waning Chinese consumer sentiment.
The Pakistani rupee extended its marginal gains against the US dollar on Thursday. The local unit closed the day at 277.65, a gain of Re0.01 against the greenback. On Wednesday , the Pakistani rupee settled at 277.66 against the dollar.
