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Biden and His Economic Team Urge Quick Action on Stimulus as Risks Mount
WASHINGTON — President-elect Joseph R. Biden Jr. on Tuesday introduced the economic team he will rely on to help rebuild the U.S. economy at a perilous moment, with coronavirus cases soaring, the Federal Reserve chair warning of challenging…
No-deal Brexit will 'batter sectors helping economy recover from coronavirus
A no-deal Brexit will damage sectors helping the battered economy recover from coronavirus, the UK's fiscal watchdog has warned. The Office for Budget Responsibility (OBR) said industries such as manufacturing, financial services and agriculture…
As Virus Rages And U.S. Economy Sputters, Biden To Formally Unveil Economic Team
With the number of confirmed coronavirus cases spiking and the nation's job market struggling to pull itself out of the abyss caused by the pandemic, President-elect Joe Biden on Tuesday is set to formally announce the advisers he hopes can guide…
Biden's Economic Team Charts a New Course for Globalization, With Trumpian Undertones
Joe Biden's economic team is taking shape with plans to remake the Trump administration's approach to economic relations overseas, with a distinction: agreement with President Trump's assertion that globalization has been hard on many Americans but…
Why economics needs to wake up to ageing populations
Economics generally pays surprisingly little attention to demography, even though the ageing and shrinking of the population in so many parts of the world is a striking and new phenomenon in human history. Take Italy. Last year the country recorded…
Five priorities for a sustainable ocean economy
Jane Lubchenco is distinguished university professor in the Department of Integrative Biology, Oregon State University, Corvallis, Oregon, USA. Peter M. Haugan is programme director at the Institute of Marine Research, Bergen, Norway. Mari Elka…
How Biden Can Safely Help Iran's Economy
After the assassination of its top nuclear scientist last week, the leadership of the Islamic Republic is expected to hold off domestic pressures for retribution, and instead hold out for some consideration from the incoming administration of…
ANALYSIS-Biden's economic picks signal focus on COVID labor crisis
Dec 1 (Reuters) - President-elect Joe Biden has named inequality and labor market specialists as leaders in his economics team, suggesting he may prioritize progressive policies aimed at women and minority workers especially devastated by the…
Australia's economy powers out of Covid-19 recession
Australia has exited its first recession in almost three decades, with the economy growing by a better than expected 3.3 per cent in the September quarter, reflecting authorities' adept handling of the Covid-19 pandemic. A boom in household…
UK economy won't reach pre-COVID-19 level for at least two years - Reuters poll
LONDONLONDON (Reuters) - Britain's economy will contract this quarter and it will take at least two years for GDP to reach pre-COVID-19 levels, according to a Reuters poll which also found London would agree a free-trade deal with the European…
RBA's Lowe Says Economy Is Recovering, But It Will Be 'Bumpy'
Australian central bank chief Philip Lowe said the nation's economy has turned a corner from its pandemic-inducted downturn, while reiterating that the recovery is likely to be a bumpy one. Economic growth is expected to be “solidly…
Hesitating to rein in Go To program amid surge, Suga puts economy first
With the COVID-19 pandemic having challenged leaders worldwide to strike a balance between public health and the economy, Prime Minister Yoshihide Suga seems to hold the view that any cure involving a loss of economic momentum would be worse than…
U.K.'s Hot Housing Market Highlights Covid's Two-Speed Economy
Few places expose the uneven economic impact of the U.K.'s Covid crisis more clearly than the property market. House prices have surged to new records and mortgage approvals are at the highest level since before the financial crisis as the affluent…
China continuing to outpace the U.S. economy, CFO survey reveals
Published Wed, Dec 2 2020 6:00 AM EST China's economic growth out of the pandemic is leading the world, according to the Q4 CNBC Global CFO Council Survey, which includes chief financial officers of large multinational corporations. CFOs based in…
COVID-19 vaccine won't save US economy from recession, Congress needs to pass stimulus
The welcome assurance of a vaccine won't immunize the US economy against a recession. As time passes, the ability of the economy to clear out some accumulating burdens becomes ever more problematic. The economy will be left within a post-pandemic…
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