Financial centers play a major role in shaping the global economy. They are home to the world’s leading financial institutions, markets, and services. According to the...
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For the last 25 years, the United States has had chronic budget deficits. The only exception was in 2001. Since then, the US government has run a persistent fiscal...
A huge part of the global economy is hidden from the official numbers. Globally, the size of the shadow economy is estimated to be around $12 trillion. It reflects that...
The trade between the United States and the European Union involves hundreds of billions of dollars every year. In 2024, the U.S. imported around $605.8 billion worth of...
When it comes to how much Americans earn per hour, the numbers vary a lot from one state to another. According to the U.S. Bureau of Labor Statistics (April 2025), the...
Every year, the U.S. government sets a budget to outline how much it plans to spend and where that money will come from. In the US federal budget 2025, the government...
Exports play a key role in the country’s economic development and growth. Some countries heavily sell goods and services abroad, while others rely more on domestic...
The US China tariff war flared up once again following the start of President Trump’s second term. Beginning in early February, both nations started imposing hefty...
The U.S. dollar has been the world’s most powerful currency for a long time. It holds the top position across many important areas of global finance, including...
