A man wearing a Diego Maradona t-shirt walks by the Argentine Central Bank on November 30, 2023 in Buenos Aires, Argentina. Tomas Cuesta | Getty Images News | Getty Images Argentina is in the grip of a profound economic crisis, and one veteran economist believes part of the solution is for President Javier Milei to … Read more
A recession is coming in 2024, according to Citi.Getty Images The US economy is headed for a recession in the middle of 2024, Citi’s chief economist said. The economic data, while strong on the surface, is actually hinting at signs of a decline, as seen in the latest jobs report. Credit card delinquency rates are … Read more
Paul Krugman.Ricardo Rubio/Europa Press/Getty Images US consumer optimism is surging, and may reflect the stock market outperformance, Paul Krugman wrote. But stocks aren’t a good indicator of future economic health, and should be ignored. Americans give outsized attention to equities due to the market’s high visibility. With stock bullishness swinging indexes towards new highs, consumers … Read more
Taiwan should plan to diversify its economy away from semiconductors, given the risk that China might develop the capacity to make its own chips, Paul Cavey, an economist at East Asia Econ, told CNBC. “Politicians really should be discussing more on … diversifying the economy away in terms of trying to encourage more industries to … Read more
‘Return to the office is dead’: Stanford economist says the US is ‘stuck’ with remote work as more offices sit empty — is the bell tolling for US commercial real estate? The great post-pandemic return to office (RTO) is a polarizing issue in the U.S. labor market. While many companies want their workers to return … Read more
Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg via Getty Images Bloomberg | Bloomberg … Read more
SDEROT, ISRAEL – OCTOBER 13: Israeli army take security measures as they deploy dozens of tanks and armored vehicles to the Gaza border area in Sderot, Israel on October 13, 2023. (Photo by Turgut Alp Boyraz/Anadolu via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Israeli ground troops are massed near the border … Read more
The Nobel economics prize was on Monday awarded to Professor Claudia Goldin of Harvard University for her research on women in the labor market. Goldin provided the first comprehensive account of women’s earnings and labor market outcomes through the centuries, the Nobel committee said during the prize announcement. Her research reveals new patterns, identifies causes … Read more
A help wanted sign on a storefront in Ocean City, New Jersey, US, on Friday, Aug. 18, 2023. Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president’s handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty Images Al Drago | Bloomberg | Getty Images Inflation is “always … Read more
U.S. Federal Reserve Board Chairman Jerome Powell speaks throughout a information convention following a gathering of the Federal Open Market Committee (FOMC) on the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. Drew Angerer | Getty Photographs Information | Getty Photographs Central banks are at “the tip of the start” of … Read more