World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization
  • April 25, 2025

World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization

Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own tariffs could provide a big boost, said Indermit Gill, the World Bank's chief economist. Gill said global economists were rapidly lowering their growth forecasts for advanced economies and somewhat less so for developing countries, at least for now, in the wake of a tsunami of tariffs announced by U.S. President Donald Trump.

Data-Crunching Wall Street Skeptics Sit Out the Turnaround Trade
  • April 25, 2025

Data-Crunching Wall Street Skeptics Sit Out the Turnaround Trade

(Bloomberg) -- Michael Mullaney’s mind was elsewhere during the market rebound this week, even as stocks surged, borrowing costs for Corporate America eased and Treasuries settled down.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisThe Racial Wealth Gap Is Not Just About MoneyNewsom Says California Is Now the World’s Fourth-Biggest EconomyI