In a virtual speech at Bocconi University yesterday (5th), Georgieva cited risks associated with debt and inflation to explain why world economic growth in 2021 will fall below the July projection of 6%. Even knowing this, the director still finds it hard to think of
The United States is the only economy in the G7 that recovered, in the second quarter, to pre-pandemic values, according to a report released this Monday by the Organization for Economic Cooperation and Development (OECD). The data show that the pace of growth of the
The annual inflation rate in Germany rose to 3.9% in August, the highest level since December 1993, when it reached 4.3%, thats what preliminary data released this Monday by the German federal statistical agency (Destatis) indicate. The harmonized Consumer Price Index (CPI) of Germany, which
The Federal Reserve (FED) plans to maintain the measures adopted in the pandemic and keep encouraging debt for a little longer, the President Jerome Powell said on Friday. The president indicated that the US central bank is considering starting to withdraw some of its money-injection
Stablecoins are a type of cryptocurrency created for transactions and that promise stability as they are generally backed by the dollar. They are becoming especially popular in regions where the purchase of US currency is restricted by the government and inflation is running at an
Two members of the Federal Reserve have already warned that the ‘tapering’ or gradual withdrawal of the economic stimulus approved to tackle the economic crisis generated by Covid is close. Both have influenced in the last hours that the world’s leading economy is growing rapidly
The Federal Reserve (Fed) finalizes the preparations for the most anticipated meeting of the current Covid-19 crisis: the one that will mark the beginning of the end of the massive monetary stimuli adopted in the last year and a half. Between Tuesday and Wednesday, the
Consumer prices in the United States have seen the biggest increase in more than eight years as the increase in vaccinations and the strong fiscal stimulus released pent-up demand, triggering what most economists expect to be a rapid period of higher inflation. US consumer prices
The United States economy added 916,000 jobs in March and the unemployment rate dropped to 6 per cent giving hopes that the recovery accelerated in the month that the US President Joe Biden signed his $1.9 trillion stimulus into law. Nonfarm payrolls increased by 916,000
Unlike the $1.9 billion covid-19 stimulus law, the next move, which is expected to be even bigger, will not depend solely on government debt as a source of funding. While it is increasingly clear that tax increases will be a component – Treasury Secretary Janet