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Tariffs, and now fallout from the war in the Middle East, have been counterproductive to the president’s economic goals. Source: bostonglobe.com
The American economy, slowed by last fall’s 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in downgrade of its previous estimate. Source: seattletimes.com
Beijing makes a strategy shift. Source: thediplomat.com
An economic analyst says the event could bring long-term growth beyond a short-term boost. Source: axios.com
President Donald Trump pledged “no tax on tips, no tax on overtime, no tax on Social Security.” For some who are filing their taxes this year, the reality is different. Source: nbcnews.com
Foreclosure-related requests for legal help have spiked to their highest level since the early days of the COVID-19 pandemic. LegalShield said. Source: businessinsider.com
EXCLUSIVE: The impact of the conflict in the Middle East on global growth and inflation will partly depend on the damage caused to energy infrastructure, the chief economist of the Organization for Economic Cooperation and Development said. Source: wsj.com
French Finance Minister Roland Lescure said the impact of the Iran war on the economy is moderate for the moment and growth is on track to match the government’s expectations if the conflict doesn’t deteriorate. Source: bloomberg.com
Even as Pittsburgh International Airport continues to add new routes — including one to Ireland next month — the region’s economic stagnation… Source: post-gazette.com
The Bank of Thailand will keep its interest rate at the current level “for as long as possible” to support the economy, even though inflation is set to accelerate due to the Middle East conflict, according to Governor Vitai Ratanakorn. Source: bloomberg.com
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