An $11 trillion wealth wipeout has set the world back for the first time since 2008, thanks to a trifecta of high inflation, interest rates, and currency declines

Tech Insider : Economy
FILE PHOTO - U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration
U.S. dollar notes are seen in this picture illustration

Reuters

China made the deepest cut since 2020 to a key interest rate before posting a disappointing July report card

Tech Insider : Economy
Chinese President Xi Jinping.
Chinese President Xi Jinping.

Getty Images

AI is going to eliminate way more jobs than anyone realizes

Tech Insider : Economy
A glitchy liquid tidal wave hurls towards a group of gray cubicles with concerned workers looking upon the looming threat. The background of the scene is a glitchy bright green.
The AI revolution is about the crash into the global economy and upend millions of jobs.

Arantza Pena Popo/Insider

A tidal wave is about to crash into the global economy. 

China is still waiting for a 'big bang' economic fix as Beijing grapples with more bad news

Tech Insider : Economy
China factory
China's manufacturing sector shrank in July, per multiple indices.

CFOTO/Future Publishing via Getty Images

Russia may be cheating on its own pledge to slash oil production

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Putin crude oil
Vladimir Putin

Reuters/RIA Novosti

PwC isn't panicked about this 'economic pessimism' — in fact, one exec thinks it's an opportunity

Tech Insider : Economy
Nearly three in four corporate leaders surveyed from more than 100 countries told PwC that they expect global growth will slow this year.
Nearly three in four corporate leaders surveyed from more than 100 countries told PwC that they expect global growth will slow this year.

uzenzen/Getty Images

China's shrinking population is a grim omen for the rest of the world

Tech Insider : Economy, Politics
Flag map of China shrinking on blue grainy background
China will lose half its population by the end of the century. The population decline is a warning for the US and Europe.

Alyssa Powell/Insider

The country's shrinking population is a grim omen for the rest of the world

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