Global public debt may exceed $100 trillion (93% of global GDP) in 2024, according to the Fiscal Monitor report published by the International Monetary Fund (IMF) on Tuesday.
It is expected to continue to grow in the medium term and may rise to 100% of GDP by 2030.
At the same time, under the most unfavorable scenario, global debt could be almost 20 percentage points higher than the baseline forecast and reach 115% of GDP in 2026.
“Debt stabilization (or reduction) is likely to require much more significant fiscal adjustments than currently planned. Now is the right time to restore fiscal buffers, and delaying them is costly,” the report says.
The IMF believes that public debt will continue to grow in countries such as the United States, the United Kingdom, Brazil, France, Italy, and South Africa.
“While debt is projected to stabilize or decline in about two-thirds of countries, it will remain well above levels projected before the pandemic,” the report says. Moreover, the countries that are not expected to stabilize account for more than half of the world’s debt and about two-thirds of global GDP.
Government spending to address the problems of the “green transition” in the energy sector, population aging and security issues is likely to increase fiscal pressure in the coming years, according to the Fund’s experts.
“It’s time for governments to get their act together,” said Era Dabla-Norris, IMF Deputy Director for Fiscal Affairs. – “All countries need a strategic turnaround to reduce debt risks.
For more information about public debt and possible country defaults, please watch the video on the YouTube channel of the Experts Club think tank: https://youtu.be/gq7twYrWuqE?si=0WcmU20F95oeVKZp
A new unique opportunity for investors in one of the most famous and picturesque places in the capital – Landscape Alley. This place, which has a great historical and cultural value, is known not only for its landscapes, but also for the constant flow of tourists and locals. The only available commercial space is located here, which creates an exceptional opportunity to open and develop a successful business in the heart of Kyiv.
Characteristics of the property
The offer includes three combined apartments on the ground floor of the historic building, as well as additional space on the sixth floor. The total area of the premises allows to accommodate various types of commercial enterprises, such as a restaurant, boutique hotel or other projects focused on the tourist and local market. All premises have recently undergone major repairs with modernization of engineering systems and interior renovation, which allows the new owner to start their business promptly.
Advantages of the investment project
Landscape Alley is a park popular among tourists and locals, known for its historical significance and picturesque views. The daily flow of visitors creates favorable conditions for any commercial project.
The 185-square-meter premises, with the possibility of expanding to 225 square meters, have just undergone a major renovation with the replacement of all communications. The space is ready to be used for a variety of businesses – from a family restaurant to a boutique hotel or sports complex.
Due to its central location and constant flow of tourists, the property has high profitability and a wide range of business opportunities.
The transfer of the premises to non-residential use will be fully supported by the legal team, including the development of a design project and the execution of all necessary works. The price of the property includes the entire range of works, except for the final finishing works. This allows investors to start their business as soon as possible.
This unique commercial offer provides investors with transparent transaction terms and the most comfortable conditions for starting a business in a prestigious area of Kyiv.
Contact information for inquiries: Phone: (050) 340 66 44
Address: 16 Velyka Zhytomyrska St., Kyiv, Ukraine
Watch more in the video at the link: https://www.youtube.com/watch?v=PnI7rJzq5Og
According to a study conducted by the sociological company Active Group in cooperation with the analytical center Experts Club, a significant number of Ukrainians have used medical laboratories over the past two years. In particular, private medical laboratories play an important role in the healthcare sector, as more and more people are turning to them for high-quality and fast medical services.
The top 10 most visited private medical laboratories in Ukraine are as follows:
1. Synevo – 39.5% of respondents said they had used the services of this laboratory. Synevo is the undisputed market leader, which can be explained by its wide network of laboratories across the country, modern equipment and high level of trust from the population. Synevo is known for its accessibility and a wide range of services that meet the needs of both ordinary citizens and medical professionals.
2. “Dila – 15.5% of respondents have visited this laboratory. “Dila also has a strong position in the market due to the high quality of its services, in particular the accuracy of analyzes and the speed of service. The laboratory is actively developing innovative diagnostic methods, which attracts consumers looking for modern medical solutions.
3. “Eskulab – 9.3% of Ukrainians choose this laboratory. “Eskulab has strengthened its position due to its regional coverage, especially in the western regions of Ukraine. An important factor in its popularity is the availability of services in remote locations, which makes the laboratory convenient for a large part of the population.
4. Invivo – 6.1% of respondents used the services of this laboratory. Invivo is known for its individual approach to each client, which contributes to its popularity among patients who value quality and comfort. An important aspect of success is a convenient system for obtaining results and high accuracy of analyzes.
5. “DniproLab – 4.8% of respondents chose this laboratory. Dneprolab has strong positions in the central and eastern regions of the country. The main factors that ensure its popularity are the promptness of results and affordable pricing.
6. “Median – 2.5% of visitors used the services of Median. This laboratory is known for the accuracy of its tests and the introduction of modern diagnostic methods. Despite its smaller scale compared to market leaders, Median offers high-quality services that attract patients who value professionalism.
7. “Medlab – 4.5% of respondents have used this laboratory. “Medlab provides quality service and modern facilities for patients, which makes it popular among those looking for reliable medical services at a reasonable price.
8. DNA Laboratory – 2.3% of respondents chose this laboratory. Its specialization in genetic research and diagnostics helps the laboratory to attract clients who need such specialized services.
9. “Unimed – 2.3% of visitors preferred Unimed. The laboratory attracts customers with its convenience and the ability to get results quickly and without queues. This provides a positive experience for patients who value comfort and time.
10. “New Diagnostics – 2% of respondents chose this laboratory. It specializes in accurate and fast tests, which makes it attractive to customers who need reliable diagnostics.
In general, the most visited laboratories are those that offer a wide range of services, modern equipment, and ensure high accuracy of results. At the same time, prices remain an important factor, as according to the survey, 69.8% of respondents said that the cost of services needs to be reduced, 31.8% – the accuracy of results, 15.2% – the speed of service, 12.5% – the conditions in the laboratory, 11.8% – the politeness of the staff. Competition between laboratories helps to improve the quality of service and reduce the cost of services, which has a positive impact on the overall healthcare market in Ukraine.
The survey was conducted in July by individual interviews. The survey involved 600 respondents.
According to Andriy Yeremenko, founder of Active Group research company, the increase in the number of private medical laboratories in Ukraine indicates a systematic increase in demand for their services. At the same time, competition between laboratories has a positive impact on the quality and cost of analysis.
He predicts that the market will continue to develop in the future, making it easier to open new laboratories and improve existing ones. This, in turn, will increase competition, which will further reduce prices and improve the quality of medical services.
For his part, Maksim Urakin, founder of the Experts Club information and analytical center, emphasized that the study confirms the trend of increasing demand for private medical laboratories among Ukrainians.
“The survey data indicate an increase in confidence in the private medical sector and its capabilities. At the same time, the high level of competition in the market encourages laboratories to innovate, improve diagnostic accuracy and customer service. This trend is a positive signal for all market participants, as improving the quality of medical services and making them accessible to more people contributes to the overall improvement of the health of the Ukrainian population,” the founder of Experts Club believes.
ACTIVE GROUP, Esculab, EXPERTS CLUB, LABORATORIES, SYNEVO, TESTS, URAKIN, Діла, Еременко
About 7.7% of Ukrainians use the services of private medical laboratories five to 10 times a year, while 32.7% of Ukrainians use private laboratories less than five times a year.
This is according to a study conducted by the sociological company Active Group together with the Experts Club think tank.
According to the study, 34.8% of respondents visit private laboratories less than once a year, while 22.5% of Ukrainians do not visit them at all.
The top 10 most visited laboratories in Ukraine over the past two years include Synevo, which was visited by 39.5% of respondents, Dila (15.5%), Aesculab (9.3%), Invivo (6.1%), DniproLab (4.8%), Median (2.5%), Medlab (4.5%), DNA Laboratory (2.3%), Unimed (2.3%), and Nova Diagnostika (2%).
At the same time, 51.4% of respondents did not visit private medical laboratories at all.
When asked what aspects of private laboratories need to be improved, 69.8% of respondents said that it was the cost of services, 31.8% – the accuracy of results, 15.2% – the speed of service, 12.5% – the conditions in the laboratory, 11.8% – the politeness of the staff.
The survey was conducted in July by individual interviews. The study involved 600 respondents.
According to Andriy Yeremenko, founder of Active Group research company, the increase in the number of private medical laboratories in Ukraine indicates a systematic increase in demand for their services. At the same time, competition between laboratories has a positive impact on the quality and cost of analysis.
He predicts that the market will continue to develop in the future, making it easier to open new laboratories and improve existing ones. This, in turn, will increase competition, which will further reduce prices and improve the quality of medical services.
For his part, Maksim Urakin, founder of the Experts Club information and analytical center, emphasized that the study confirms the trend of increasing demand for private medical laboratories among Ukrainians.
“The survey data indicate an increase in confidence in the private medical sector and its capabilities. At the same time, the high level of competition in the market encourages laboratories to innovate, improve diagnostic accuracy and customer service. This trend is a positive signal for all market participants, as improving the quality of medical services and making them accessible to more people contributes to the overall improvement of the health of the Ukrainian population,” said the founder of Experts Club.
The article presents key macroeconomic indicators of Ukraine and the global economy for the first half of 2024. The analysis is based on official data from the State Statistics Service of Ukraine, the NBU, the IMF, the World Bank, and the UN, on the basis of which Maksim Urakin, PhD in Economics, founder of the Experts Club Information and Analytical Center, presented an analysis of macroeconomic trends in Ukraine and the world. The key aspects of the report include the dynamics of gross domestic product (GDP), inflation, unemployment, foreign trade and public debt of Ukraine, as well as global macroeconomic trends.
Macroeconomic indicators of Ukraine
According to the State Statistics Service of Ukraine and the National Bank of Ukraine, Ukraine’s real GDP growth rate slowed to 3.5% in May 2024, compared to 4.3% in April and 4.8% in March. This decline is mainly due to a drop in electricity generation, which affected the industrial sector and led to a decrease in production in the machine building and metallurgy sectors. At the same time, exports and demand in the construction industry supported positive economic growth.
“In June 2024, Ukraine’s public debt increased by UAH 200 billion, and inflation accelerated to 2.2%, which is generally in line with the NBU’s target range,” Maksim Urakin emphasized.
Global economy
The World Bank forecasts global economic growth of 2.6% in 2024, up from the previous forecast of 2.4%. In 2025-2026, the growth rate is expected to further increase to 2.7%. For developing countries, the average annual GDP growth in 2024-2025 is projected at 4%, slightly lower than in 2023.
“In low-income countries, growth will accelerate to 5% in 2024, compared to 3.8% in 2023. For developed countries, growth is expected to reach 1.5% in 2024 and 1.7% in 2025,” said Maksim Urakin, founder of Experts Club.
Maksim Urakin summarized that despite the decline in food and energy prices, core inflation will remain high in the medium and long term.
Ukraine’s foreign trade
In January-June 2024, Ukraine’s foreign trade balance in goods deteriorated by 24.4% compared to the same period in 2023, reaching a negative value of $13.606 billion. Merchandise exports increased by 0.3% to $19.589 billion, while imports increased by 9% to $33.205 billion. The main export items include agricultural products, metals, and machinery, while the main imports are energy and chemicals.
Conclusion.
Ukraine’s economy is showing signs of recovery, despite significant challenges from internal and external factors. The global economy, in turn, is also facing uncertainty, but maintains positive growth rates. It is important to monitor changes in macroeconomic indicators to assess the prospects for further development and adaptation to new economic conditions.
Thus, this article provides a holistic view of the current economic situation in Ukraine and the world, based on the latest statistics and forecasts.
Trends in the global and Ukrainian economies can be tracked via the Experts Club information and analytical channel – https://www.youtube.com/@ExpertsClub
Source: https://expertsclub.eu/osnovni-ekonomichni-indykatory-ukrayiny-ta-svitu-vid-experts-club/
The new French government wants to reduce the budget gap by 60 billion euros in 2025 and is preparing a temporary tax increase.
The new French government has announced a decision to raise taxes starting in 2025. The Minister of Finance Antoine Armand said this on RTL radio.
The draft budget for 2025 with specific proposals is to be released on October 10.
The goal of the French authorities is to reduce the budget deficit by 60 billion euros. This is partly planned to be done by cutting spending (by €40 billion) and partly by increasing budget revenues.
“As soon as we manage to cut spending significantly, we will need exceptional and temporary help from those with very high incomes,” Arman said. He assured that people with low and middle incomes will be exempt from the additional fiscal burden: “The income tax rates for those who go to work every day will not change.”
His government colleague, Laurent Saint-Martin, Minister of Budget and Financial Accounts, said on France 2 on Thursday that only 0.3% of the population will feel the tax increase – the richest households in France, those without children and earning an annual income of 500,000 euros.
The tax increase will also affect the largest companies.
Earlier this week, French Prime Minister Michel Barnier warned that the current financial situation in the country is a sword of Damocles hanging over every French citizen. “We need to act now to ensure a stable financial future for our country. Our debts exceed €3.2 trillion, and this is a situation we cannot ignore,” he said.
In September 2024, for the first time since the global financial crisis, the yield on French government bonds exceeded that of Spanish securities. The reason is that the budget deficit in France is too high.
Last year, it was 5.5% against the planned 4.9%, and this year it may reach 6%, which is much higher than the European Union’s limit of 3%. At best, France will be able to return to the target no earlier than the end of this decade.
Trends in the global and Ukrainian economies can be tracked via the Experts Club information and analytical channel – https://www.youtube.com/@ExpertsClub
