Lael Brainard, the National Economic Council director, contends the administration deserves credit for recent gains in areas battered by past job losses.
Category: Economic Conditions and Trends
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At Davos, War Is on the Agenda, but the Focus Is on A.I. and Elections
The leaders and executives gathering at the World Economic Forum are obsessed with elections and artificial intelligence, not Ukraine or Gaza.
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Germany’s Economy Stalls Amid Falling Output and Political Bickering
The economy shrank last year and is not predicted to grow much in 2024. Farmers are angry, industrial output is falling and the government is bickering.
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U.K. Inflation Edges Higher, Halting 10-Month Decline
Britain’s inflation rate ticked up to 4 percent in December, driven by an increase in tobacco taxes.
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U.K. Inflation Edges Higher, Halting 10-Month Slide
Britain’s inflation rate ticked up to 4 percent in December, driven by an increase in tobacco taxes.
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Hong Kong Stocks Sink 4 Percent as China’s Economy Scares Investors
Pessimism among investors was most pronounced in Hong Kong, where stocks have plunged by nearly 10 percent so far this year.
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China Premier Li Qiang Says Economy Grew ‘Around 5.2 Percent’
Speaking at the Davos global forum a day before China is set to release economic data, Premier Li Qiang said the economy grew “around 5.2 percent.”
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Apple Will Discount iPhones by $70 in China Starting Thursday
Facing a weak consumer appetite and fierce competition from domestic rivals amid US-China tensions, a typically discount-wary Apple is offering a 4-day sale.
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How the War With Hamas Has Damaged Israel’s Tech Firms and Economy
Israel’s technology sector, a key part of the economy, has been jolted by worker shortages and funding fears, which could drive a wider slowdown in 2024.
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World Bank Warns of Energy Price Surge if Mideast War Spreads
A new economic report predicted a year of weak growth and said the world faced a decade of “wasted opportunity.”
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Carrefour Drops PepsiCo Products in France Over High Prices
Carrefour, a supermarket chain, said the maker of Pepsi, Lay’s and 7-Up was keeping its food “unacceptably” expensive despite falling inflation.