Your English writing platform
Discover LudwigExact(2)
Small-business borrowing surges.
[C16.] Consumer Borrowing Surges in U.S. Consumer debt surged in December for the second consecutive month, fueled by holiday spending and capping a year that had the fastest pace of borrowing since 1996, Federal Reserve figures showed.
Similar(54)
Corporate borrowing surged over the last five years.
A report released today from the Federal Reserve showed that consumer borrowing surged in January.
Mr. Whittaker says the borrowing surge was most likely a response to foreigners withdrawing their money from Italian banks, but says that it could also include Italians shifting some of their assets abroad.
That tactic avoided Ireland having to raise the money in one effort as its own borrowing costs surged.
On Thursday, Hungary raised less than half as much as planned at a debt auction as its borrowing costs surged to the highest levels in more than a year.
The urgency of his struggle to straighten out Spain's finances was underscored this week when the nation's borrowing costs surged to unsustainable levels before falling back after the European Central Bank's president, Mario Draghi, said he would do everything in his power to preserve the euro.
Some members of the bank's Monetary Policy Committee have also been expressing concern about rampant consumer borrowing and surging house prices.Japan still has deflation (falling prices), yet even there the debate about when interest rates will rise is hotting up, largely because expectations about GDP growth have become markedly more optimistic.
That uncertainty has left European financial markets on edge, and Italy's borrowing costs surged at a bond auction this morning.
The short-term rates at which they borrow have surged as they seek to keep cash on their books.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com