Growth of the world economy slowed in the second quarter of 2020, according to the World Bank, as the COVID-19 pandemic continues to disrupt businesses and economies around the world. Governments and central banks have responded with unprecedented measures to support the global economy, including interest rate cuts, liquidity injections, and emergency stimulus packages. As countries begin to reopen their economies, investors, economists, and policymakers are looking for signs of economic growth, both in the short and long term. Here you can find the latest news and analysis about global economic growth.
By Milagro Vallecillos PANAMA CITY (Reuters) – Latin America could see zero economic growth this year if the banking crisis in the U.S. and Europe “spreads across the world,” Inter-American Development Bank Chief Economist Eric Parrado said on Sunday.
TweetHere’s the third in my series on Curtis Ellis’s effort to defend protectionism. Editor, American Greatness Editor: When he argues that American economic growth in the 19th century was fueled by restrictions on imports, Curtis Ellis (in “An American System […]
In the ongoing fiscal also, the domestic steel consumption growth has remained strong supported by the government's push for infrastructure-led economic growth. Get more Economy & Infra News and Business News on Zee Business.
The Government of Quebec has cut income taxes and is reducing debt repayments as it tries to spur economic growth in Canada’s second biggest province. Quebec Finance Minister Eric Girard’s latest budget reduces the tax rate in the lowest two income ...
Tweet… is from page 148 of the late Harvard and AEI economist Gottfried Haberler’s 1974 book, Economic Growth & Stability: An Analysis of Economic Change and Policies: Proponents of infant industry protection and “import substitution” almost invariably claim that the […]
As expected, the Federal Reserve hiked the key US interest rate by 25 basis points for the second straight time during its two-day meeting ending March 22. The unanimous decision of the FOMC came amid major central banks' commitment to fighting inflation while maintaining economic growth. The decision coincides with turmoil in banking stocks due to the Credit Suisse and SVB crises. What is the technical outlook to all these? Please continue reading below.
ASIA: China's central bank kept interest rates unchanged while increasing liquidity injections for a fourth consecutive month, with the aim of supplying the market with enough long-term funds. The move also indicates policymakers' comfort with the country's modest economic growth target for this year, set at around 5%, which is at the lower end
Tweet… is from page 150 of the late Harvard and AEI economist Gottfried Haberler’s 1974 book, Economic Growth & Stability: An Analysis of Economic Change and Policies (footnote deleted; link added): The broad fact is that in the [19th-century] United States […]