Young economists and Pope Francis endorse a Covenant to improve the global economic system to better the lives of all people, as the result of the 3-day Economy of Francesco event in Assisi. By Devin Watkins As the Economy of Francesco entered its final day on Saturday, Pope Francis joined […]
Economy
Liz Truss pursues ‘trickle-down economics’ despite scorn from Biden
British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Wpa Pool | Getty Images LONDON — The British government is set to announce sweeping […]
Recession calls growing as Canadian economy cools
Breadcrumb Trail Links News FP Economy Housing, labour, consumption conditions all point to a looming slowdown Publishing date: Sep 19, 2022 • 17 hours ago • 3 minute read • 95 Comments A recession is “all but set in stone,” wrote economist David Rosenberg. Photo by Getty Images/iStockphoto Article content The […]
The stock market is not the economy in an important way
This post was originally published on TKer.co The U.S. economy is closely related to the U.S. stock market. But that relationship is not perfect in a number of ways. An important way the two differ is international exposure. According to FactSet, S&P 500 companies1 generate around 40% of revenue outside […]
World Bank’s Gill worried about ‘generalized stagflation’ in global economy
Reuters Thursday September 15, 2022 14:23 WASHINGTON, Sept 15 (Reuters) – World Bank Chief Economist Indermit Gill on Thursday said he was concerned about “generalized stagflation,” a period of low growth and high inflation, in the global economy, noting the bank had pared […]
Ukraine reconstruction may cost $349 billion | Business | Economy and finance news from a German perspective | DW
The cost of rebuilding Ukraine and its economy has already reached at least $349 billion (€346 billion), according to a new report jointly compiled by the World Bank, the European Commission and the Ukrainian government. In the more than six months since Russia invaded Ukraine, the country has suffered widespread destruction. “The […]