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News Headlines
Could Manchester be a model for the UK to kickstart growth? bbc.com
With an annual growth rate of 3.1%, Manchester’s economy has performed twice as well as that of the UK as a whole.
Source: bbc.com
AI is everywhere except in the data, suggesting it will enhance labor in some sectors rather than replace workers in all sectors, top economist says fortune.com
“Maybe there is a J‑curve effect for AI, where it takes time for AI to show up in the macro data. Maybe not.”
Source: fortune.com
Rubio hints that Cuba can reform its economy as a way to ease U.S. pressure miamiherald.com
Secretary of State Marco Rubio declined to give specifics but suggested the regime must allow Cubans greater economic freedom if it wants relief from Washington’s grip.
Source: miamiherald.com
A U.S. ‘debt spiral’ could start in coming years when the interest rate on government borrowing exceeds economic growth, budget watchdog says fortune.com
CRFB warned the actual fiscal outlook could be far worse than even the latest sobering projections.
Source: fortune.com
Bangladesh’s incoming prime minister puts restoring economy and governance first reuters.com
Bangladesh’s next prime minister, Tarique Rahman’s priorities include improving the economy, law and order and governance, he said on Saturday, in his first public comments after his party’s convincing parliamentary election victory.
Source: reuters.com
Trump vowed to boost Black business. Critics say he’s failed so far axios.com
“When the economy weakens, Black households are usually the first to feel the effects,” a researcher says.
Source: axios.com
The Goldilocks economy, if you don’t look too close axios.com
US fixation on the hard-hat economy and making manufacturing great again makes little sense theguardian.com
The dream of greasy overalls is driven by nostalgia and doesn’t justify policies that harm US consumers
Source: theguardian.com
Rubio Says Cuba’s Only Path Forward is to Open Its Economy bloomberg.com
Secretary of State Marco Rubio said Cuba’s Communist regime will need to give its people political and economic freedom for the US to ease pressure that’s recently led to blackouts and disrupted daily life on the island.
Source: bloomberg.com
America’s K-shaped economy could create caste system if it worsens: economist businessinsider.com
The economist who popularized the idea of the K-shaped economy says one of his biggest worries is that the divide leads to a caste system in the US.
Source: businessinsider.com
UK migration could be negative this year – how will that hit the economy? theguardian.com
Universities, builders and health trusts are feeling the squeeze, as thinktank says effect of zero net migration could be similar to Brexit
Source: theguardian.com
Bangladesh PM-Elect Says Economy Faces Serious Challenges bloomberg.com
Bangladesh’s Prime Minister-elect Tarique Rahman said his incoming administration will begin its work to fix a fragile economy that’s beset by weakened institutions and deteriorating law and order.
Source: bloomberg.com
Charting the Global Economy: US Jobs, Inflation Send Mixed Signals for Fed bloomberg.com
An unusually busy week of economic data in the US sent conflicting signals for the Federal Reserve.
Source: bloomberg.com
What’s next for Cuba? Trump turns the screws as the island runs out of jet fuel cnbc.com
Cuba’s government appears to be on the brink of economic collapse amid a worsening energy crisis.
Source: cnbc.com
IMF Says Thai Fiscal Support, Rate Cut Needed For Tepid Economy bloomberg.com
Thailand needs a “carefully calibrated” mix of policies to support a slowing economy, the International Monetary Fund said, urging targeted fiscal support with additional monetary easing.
Source: bloomberg.com