#economic-growth

#economic-growth

President Biden promises to prioritize child care subsidies, early education, and paid medical leave in his potential second term.

The push for 12 weeks of paid family or medical leave, investments in preschool, and child tax credit extensions aim to support working families and the economy. [ more ]

United States experiencing highest economic growth in G7 with low inflation and strong wage growth

Biden has overseen reduced wage inequality, lowest Black unemployment, and lowest unemployment for workers with disabilities [ more ]

China's population is declining, with projections indicating a decrease to around 770 million by 2100, leading to concerns about economic growth and aged care. However, this decline could present opportunities for a stable and prosperous future. [ more ]

Germany's Chancellor Olaf Scholz seeks economic fairness during China visit. [ more ]

Southern European nations are now growing faster than traditional economic powerhouses like Germany, reshaping the economic dynamics of the Eurozone. [ more ]

Southern European countries are outpacing Germany and other big nations in economic growth, reversing their roles as leaders. [ more ]

New spending in the federal budget may impact inflation and interest rates, with a focus on economic growth and meeting inflation targets. [ more ]

BoE maintains interest rates, focusing on falling inflation

Speculation on potential interest rate cuts in the future [ more ]

Britain's GDP decreased by 0.3% in Q4 2023, after no growth in Q3.

Inflation fell from over 11% to 3.4% as the economy grew in January. [ more ]

Britain needs to be on an economic war footing for growth

Creation of a National Economic Council for annual 3% growth target [ more ]

New money invested in VCTs reached £882 million, the third highest amount recorded, despite a decrease from the previous year.

VCTs are attractive due to tax efficiency, support for young businesses, and the current economic climate encouraging investment in alternative options. [ more ]

Improving productivity is crucial for economic growth and managing inflation.

Canada needs to focus on investing in machinery, equipment, intellectual property, and enhancing skills for higher productivity. [ more ]

8 million UK workers at risk of job loss to AI

Government policy crucial for managing AI impact [ more ]

Nearly two-thirds of tasks could be automated by AI

Chatbots could take over 8 million jobs in the UK, especially affecting women. [ more ]

G7 nations signed AI agreement

Focus on safe and trustworthy AI in public services [ more ]

G7 nations partnering on leveraging AI for economic growth

Focused on collaboration, innovation, and technology adoption in AI initiatives [ more ]

China's economic growth is driven by clean energy, but it is off track on its core 2025 climate targets.

China's energy consumption is increasing, along with carbon dioxide emissions, despite slower economic growth. [ more ]

Government-directed growth in industries like electric vehicles and solar panels has made China a global export superpower.

Hefei's industrial policies have led to a surge in electric vehicle manufacturing, but this has also resulted in overcapacity and financial losses for the industry. [ more ]

The UK economy is 10% smaller than it should be, requiring a Budget for growth not votes.

Chancellor faces limited options, needing significant cuts to public spending or tax increases. [ more ]

The UK's economy is struggling due to a growing number of people on long-term sickness, impacting workforce and economic growth.

Factors such as long Covid, NHS delays, poor workplace practices, stress, and austerity are contributing to the worsening trend of long-term illnesses in the UK. [ more ]

Investing in a cleaner and greener economy is necessary for the future well-being of Britons.

Low-carbon investment has numerous benefits including cheaper energy, increased self-sufficiency, and better health. [ more ]

Investing in bioscience and artificial intelligence is key to achieving higher economic growth. [ more ]

The Bank of England is expected to leave interest rates unchanged at their current 16-year high of 5.25%

There is speculation that the Bank may cut its forecast for inflation this year and signal potential rate cuts to boost economic growth. [ more ]

The Bank of Canada has left its key overnight lending rate unchanged at five percent, citing concerns about underlying inflation and the need to maintain elevated rates.

Economists expect the central bank to start lowering interest rates by the summer, with predictions of a quarter-point cut in June and a total of 150 basis points in cuts by the end of the year. [ more ]

The IMF has raised its growth outlook for Russia's economy this year, despite sanctions imposed for its invasion of Ukraine.

The IMF has downgraded its expectations for the eurozone's growth forecast, with European nations trailing behind Russia. [ more ]

Germany's GDP fell by 0.3% in Q4 2023 and 0.3% for the entire year, confirming previous estimates.

Economists predict a weak start to 2024 for Germany with the possibility of further shrinking in the first quarter. [ more ]