In a worst-case scenario, the world would be plunged into a recession and lose $1 trillion in GDP The global economy would fall into recession with oil prices skyrocketing if Iran were to get involved in the Israel-Palestine conflict, Bloomberg reported this week.
US national debt has continued to mount, jumping by $2.6 trillion in the six months through December to reach $33.8 trillion, according to the Treasury Department. The Treasury indicated that factors such as tax cuts, stimulus programs, increased government spending, and decreased tax revenues have been driving up debt.
The opposition Labour Party would be voted into government if a general election were held tomorrow, data suggests Polling data published on Tuesday by market research firm YouGov has found that almost 60% of UK citizens have an unfavorable view of Prime Minister Rishi Sunak.