The UK government borrowed £17.4 billion in October 2024, far exceeding the expected £12.3 billion, driven largely by rising debt servicing costs due to inflation. With public sector net debt now at 97.5% of GDP, Chancellor Rachel Reeves may face pressure to implement further tax increases to manage fiscal challenges.

Germany witnessed a sharp 22.9% rise in corporate insolvencies in October 2024, the highest for the month since 2004, driven by high costs and weak demand. The DIHK and experts warn that this trend may continue as economic challenges persist, impacting sectors like transport and hospitality particularly hard.

India's economy is rebounding, driven by increased festival spending and a recovering agricultural sector. Despite global uncertainties, financial conditions remain supportive, but inflation pressures persist.

Germany's tax revenue increased by 3.3% for the first ten months of 2024, despite a volatile economy, totaling 686.9 billion euros. While GDP grew by 0.2% in Q3, analysts warn of ongoing economic challenges, including potential political instability and trade uncertainties.

The Trump administration plans hefty tariffs on Chinese imports, posing challenges and opportunities for Vietnam's trade landscape. Vietnamese sectors like seafood and steel may face hurdles, while industrial real estate could benefit from increased foreign investment.

Indonesia's economy grew by 4.95% in Q3 2024, driven by government spending and investments, according to Bank Mandiri's Chief Economist. Despite global uncertainties, Indonesia remains resilient, bolstered by a stable inflation rate and trade surplus, with projections of up to 5.05% growth by year's end.

South Korea's trade balance showed a positive turn with a 5.8% rise in exports and a 1% drop in imports for early November 2024, leading to a $798 million trade surplus. Key export growth areas included semiconductors, shipbuilding, and computer peripherals, while imports of semiconductor equipment surged by 134.8%.

UK inflation jumped to 2.3% in October, surpassing expectations and adding pressure to household budgets amid a cost of living crisis. Rising energy prices and fiscal policies suggest inflation could further climb, complicating economic recovery efforts.

The devastating floods in eastern Spain have claimed 227 lives and are set to trim the nation's GDP growth by 0.2% this quarter. As the government pledges nearly €15 billion in aid, criticism mounts over crisis management.

The IMF has cut South Korea's growth forecast to 2.2% for 2024, citing economic uncertainties and inflation concerns. The Bank of Korea's recent rate cut and potential reforms aim to tackle these challenges.

The IMF warns Korea's growth may not exceed 2% next year, urging urgent economic reforms to tackle structural issues. Key institutions have revised forecasts downward, citing sluggish demand and external uncertainties.

Global GDP growth is expected to slow to 3.0% in 2025, down from 3.2% in 2024, amid economic challenges and uncertainties. Barclays advises investors to focus on high-quality assets and consider ESG factors as economic conditions fluctuate.

The Doombot algorithm, incorporating economic judgment into machine learning, has outperformed traditional models in predicting recessions, especially during the Global Crisis. Developed by Chalaux and Turner, Doombot's success highlights the potential of using judgmental constraints for clearer and more accurate macroeconomic forecasting across OECD countries.

India's economy shows resilience with strong festival-driven private consumption and a recovering agricultural sector boosting prospects. However, private investment lags due to weak corporate earnings, while manufacturing, construction, and services sectors continue growing, supported by clean energy policies and digital innovations in agriculture.

In 2023, UK business creation hit its lowest since 2010, with only 316,000 startups, while closures also dropped to 309,000. The rise in high-growth employers to 4.7% hints at potential recovery.

Germany's tax revenue surged by 8.2% in October 2024 to 60.9 billion euros, while GDP surprisingly grew 0.2% in Q3, preventing a recession despite rising inflation. However, economic analysts warn that the collapse of the ruling coalition and potential U.S. trade policies could threaten future stability.

Taiwan's export orders surged 4.9% in October 2024, hitting $55.45 billion, driven by robust tech sector demand and exceeding forecasted growth of 3.6%. The economy ministry anticipates continued growth, yet warns of possible impacts from U.S.-China tech disputes and geopolitical tensions.

South Africa's inflation rate dropped to 2.8% in October, the lowest since June 2020, driven by falling fuel prices. This decline opens the door for a likely interest rate cut by the SARB tomorrow.

Vietnam's economy surged with a 6.7% GDP growth in Q3 2024, driven by robust exports and FDI, despite the impact of Super Typhoon Yagi. Challenges remain, including cautious consumer spending and infrastructure woes.