Political Turmoil and Economic Shifts: France, Australia, and Beyond

Explore the intersection of politics and economics as France faces political chaos threatening its economic stability, while Australia's public spending averts recession but raises questions about future interest rates. Delve into the U.S. economy's slight growth amidst inflation concerns and Saudi Arabia's ambitious economic diversification driving a 4.4% growth forecast. This episode provides a comprehensive analysis of global economic dynamics and their potential impacts on financial markets and everyday life.

Sources:
https://www.cnbc.com/2024/12/04/frances-political-chaos-casts-long-shadow-over-economic-growth.html
https://www.abc.net.au/news/2024-12-05/government-keeps-the-economy-afloat-as-private-sector-stagnates/104684708
https://finance.yahoo.com/news/us-economy-grew-slightly-recent-191837422.html
https://arab.news/j2wmj

Outline:
(00:00:00) Introduction
(00:00:40) France's political chaos casts long shadow over economic growth
(00:04:13) Australia would be in recession without rising public spending, but we might have lower interest rates
(00:06:54) US economy grew slightly in recent weeks, Fed survey says
(00:10:12) Saudi Arabia’s economic diversification fuels 4.4% growth forecast