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Economics Headlines
Bond Markets Give Yippy Vibes Just as Kevin Warsh Is Set to Become Fed Chair bloomberg.com
Michigan’s high gas prices, economic uncertainty raise summer tourism concerns freep.com
Beyond the tourism industry’s optimism is the worry that if tourists don’t turn out, billions of dollars could be at risk.
Source: freep.com
Clashes erupt in Bolivia amid worsening economic crisis nbcnews.com
The American Divide Exposes the High GDP Fallacy bloomberg.com
The American economy is a wonder. The Economist observed that average wages in America’s poorest state, Mississippi, are higher than those in Britain, Canada and Germany. American GDP per capita now runs roughly 40% above western Europe. Post-pandemic productivity growth has been significantly faster than that of the eurozone. The consensus is settled: the American economy is the model.
Source: bloomberg.com
US debt now tops the economy and the risks are rising usatoday.com
US debt now exceeds the economy, and rising interest costs are adding pressure, raising questions about how sustainable our borrowing is.
Source: usatoday.com
The AI economy is rewriting the American Dream — and blue-collar workers are poised to win cnbc.com
AI-driven hiring slowdowns are hitting some entry-level jobs for college graduates as companies like Ford and AT&T ramp up recruiting for skilled trade workers.
Source: cnbc.com
No feelgood factor for Reeves as Iran war snuffs out economic upturn theguardian.com
Rise in unemployment and weak pay growth underline how tough this year will be for UK households
Source: theguardian.com
Global Bond Selloff Threatens Turmoil in Weakest Asian Economies bloomberg.com
Three of Asia’s most vulnerable economies are showing rising strains as their central banks come under pressure to tighten policy even as the economic hit from the Iran-war oil shock deepens.
Source: bloomberg.com
The UAE’s economy and image as Mideast haven are tested by war thehill.com
DUBAI, United Arab Emirates (AP) — The United Arab Emirates for decades has advertised itself as a haven for international business in a Middle East awash in violent upheaval. Those waves have now …
Source: thehill.com
UAE’s image as haven is tested the longer the war drags on apnews.com
The United Arab Emirates for decades advertised itself as a haven for business in the Middle East. But the UAE, a close ally of the United States and Israel, faced more combined missile and drone attacks from Iran in the war than any other country.
Source: apnews.com
Economic Outlook at Risk of Further Deterioration, OECD Says bloomberg.com
Risks to the global economy have worsened as the conflict in the Middle East drags on, OECD Secretary General Mathias Cormann said on the sidelines of a Group of Seven meeting.
Source: bloomberg.com
The UAE’s economy and image as Mideast haven are tested by war clickondetroit.com
The United Arab Emirates for decades advertised itself as a haven for business in the Middle East.
Source: clickondetroit.com
Russia’s Wartime Labor Crunch Will Weigh on Economy for Years bloomberg.com
Russia is facing a labor shortage so severe it’s likely to be a drag on the economy for years, as an aging population and the war in Ukraine shrink the available workforce.
Source: bloomberg.com
Japan’s Economy Grows Faster-Than-Expected, Backing BOJ Hike bloomberg.com
Japan’s economy grew much faster than expected at the start of the year, supporting the case for further Bank of Japan interest-rate hikes, though the outlook remains highly uncertain due to the Middle East conflict.
Source: bloomberg.com
Japan’s economy grew more than expected in Q1 reuters.com
Japan’s economy grew an annualised 2.1% in the first quarter, data showed on Tuesday, a sign it was on a solid recovery path before the energy shock caused by the Middle East conflict muddled the outlook.
Source: reuters.com
