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24-07-2025
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Global Economy Remains Resilient Amid Challenges

Date: 24-07-2025
Sources: economist.com: 6
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Image Source:

Source: economist.com

Image content: The image depicts a person in a white lab coat and hairnet working on a production line, with the main subject being the individual engaged in their task. The content of the image includes various machinery and equipment surrounding the worker, as well as stacks of materials on the table in front of them. The scene appears to be set in a factory with a woman focused on assembling or inspecting parts.

Summary

A collection of news articles discussing various aspects of the global economy and finance, including mortgage rates, cryptocurrency adoption, labor market trends, and the impact of geopolitical tensions and tariffs on the economy. Despite challenges, the global economy remains resilient, but this resilience is being gradually worn away.

Key Points

  • Mortgage rates can still be low by assuming existing mortgages
  • Global economy remains resilient despite geopolitical tensions
  • Cryptocurrency adoption is growing and posing a risk to traditional finance
  • Labor market trends are changing, with job-hopping no longer guaranteeing higher pay
  • Industry-specific tariffs imposed by Trump could have significant impacts on global trade

Articles in this Cluster

Americans can still get a 2% mortgage

24-07-2025

The article discusses how, despite high current interest rates, some Americans can still obtain mortgages at relatively low rates, around 2%, by assuming existing mortgages on homes. Adnan Sabic, a hotel executive, is cited as an example, who was able to assume a mortgage at 2.6% on a $775,000 home instead of taking a new mortgage at 6%.
Entities: Adnan Sabic, America, The Economist, Getty Images, Trump • Tone: neutral • Sentiment: positive • Intent: inform

Bit by bit, the world economy’s resilience is being worn away

24-07-2025

The article discusses the surprising resilience of the global economy despite geopolitical tensions and upheavals. It highlights that despite challenges such as trade wars and the rise of populists and authoritarians, the economy has continued to grow at a respectable rate, with low unemployment and high stock markets. However, the article also notes that this resilience is being gradually worn away and cannot last forever.
Entities: Donald Trump, Jerome Powell, Federal Reserve, S&P 500, MSCI • Tone: analytical • Sentiment: neutral • Intent: inform

Crypto’s big bang will revolutionise finance

24-07-2025

The article discusses the potential of cryptocurrency and digital assets to revolutionize finance, despite skepticism from Wall Street veterans who have seen previous hype cycles. It highlights the growing usefulness of stablecoins and tokens, which could pose a greater risk to traditional finance as they become more widely adopted.
Entities: Wall Street, The Economist, New York, Crypto, Stablecoins • Tone: analytical • Sentiment: neutral • Intent: inform

Finance & economics | Latest news and analysis from The Economist

24-07-2025

The Economist's finance and economics section features various articles discussing the impact of cryptocurrency, 24/7 trading, labor market trends, and the effects of Trump's policies on the dollar and global trade. Other topics include the slow adoption of AI, industry-specific tariffs, mortgage rates, and the resilience of the economy amidst global crises.
Entities: The Economist, Trump, America, Crypto, Stablecoins • Tone: analytical • Sentiment: neutral • Intent: inform

Trump’s real threat: industry-specific tariffs

24-07-2025

The article discusses the potential threat of industry-specific tariffs imposed by Donald Trump, highlighting that the steepest tariffs implemented so far are on products rather than countries. It suggests that more sectoral tariffs are likely to come and analyzes which countries would be hit hardest by levies on electronics and pharmaceuticals.
Entities: Donald Trump, United States, Canada, Singapore, The Economist • Tone: analytical • Sentiment: neutral • Intent: inform

Want higher pay? Don’t change jobs

24-07-2025

The article discusses how America's cooling labor market is affecting job-hopping as a strategy for salary increases. Traditionally, switching jobs frequently has been seen as a way to achieve higher pay, but this approach may no longer be effective in the current economic climate.
Entities: America, TikTok, Reddit, The Economist, Washington, DC • Tone: neutral • Sentiment: negative • Intent: inform