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Why are Americans quitting their jobs? 5 economic stories to read this week
Friday 5th of August 2022
Industries are scrambling to fill gaps left by employees voluntarily quitting their jobs across the US. Workers are voluntarily quitting their jobs at a rate 25% higher from December 2019 to May 2022 when compared to pre-pandemic levels.
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What is ‘uneconomic growth’? 5 economic stories to read this week
Friday 29th of July 2022
Cybercrime is the biggest fraud threat facing most businesses today, according to a new PwC survey.
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6 ways AI is helping us learn more about our past – and future
Wednesday 27th of July 2022
Artificial intelligence (AI) is usually associated with getting us to the future faster, but it can also be a powerful tool in uncovering the past.
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Is it just the heat, or does the concept of ‘uneconomic growth’ make a lot more sense now?
Tuesday 26th of July 2022
Something to ponder if you’re stuck in one of the many places so hot now that sitting in a darkened room is recommended, giving you more time alone with your thoughts: are we paying the price for a big mistake?
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What is a recession? 5 economic stories to read this week
Friday 22nd of July 2022
With slowing growth, rising inflation and a ‘global economic outlook that has darkened significantly’, according to the IMF, the word ‘recession’ is on the lips of many. But, what is a recession?
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Opinion: Why we need to shift towards a destination-based corporate tax system for a fairer world
Wednesday 20th of July 2022
In October 2021, more than 130 countries agreed to set a minimum global corporate tax rate of 15%, to enable taxing companies in the places where their customers or digital users are.
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Boosting Africa’s commercial aviation sector, a sure route to recovery
Wednesday 20th of July 2022
To spot Africa’s path to post-pandemic economic recovery, look to the skies: no region has more to gain by making air travel and cargo movement easier, cheaper, safer and more competitive.
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The cost-of-living crisis is having a global impact. Here’s what countries are doing to help
Wednesday 20th of July 2022
The economic impacts of the Russian invasion of Ukraine are rippling out across the globe in a cost-of-living crisis that’s pushing millions more people into poverty.
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How to weather a potential downturn – and compassion’s role: Kearney
Tuesday 19th of July 2022
The world is roiling from a host of challenges, from the pandemic and economic disruption to the conflict in the Urkraine with many experts predicting a global recession.
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Interest rates: Five key questions facing the European Central Bank as it plans first increase in 11 years
Tuesday 19th of July 2022
The European Central Bank is set to deliver its first interest rate hike since 2011 this week, yet markets are already fast-forwarding to focus on the path for higher rates beyond Thursday as economic prospects darken.
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Can economic reasoning play a role in cognitive science?
Tuesday 19th of July 2022
A longstanding puzzle in cognitive science is the secular rise in cognitive skill across generations. Cognitive scientists emphasise explanations such as improvements in health and nutrition. This column describes research using an economic model and population administrative data from Sweden to argue that this ‘Flynn effect’ may originate in part from changes in economic incentives. Estimates suggest about a third of the rise in reasoning skill over the period studied is attributable to changes in labour market returns to different skills, with analytically intensive occupations having grown in relative importance.
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Explainer: What is a recession?
Monday 18th of July 2022
This article was first published on 18 July, 2022 and updated on 2 August, 2022.
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What is the world’s biggest worry? 5 economic stories to read this week
Friday 15th of July 2022
On average, women accumulate only 74% of the wealth that men have at retirement, according to the new Wealth Equity Index. The report illustrates how women are disadvantaged throughout their careers, helping to identify the specific factors causing inequitable outcomes.
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5 economic stories you should read this week
Friday 8th of July 2022
Throughout this year, cryptocurrency prices have fallen sharply, proving vulnerable to the global economy’s wider problems. In June, Bitcoin dropped to a 17-month low of $23,629 after a cryptocurrency lending platform Celsius Network halted withdrawals, citing ‘extreme market conditions’.
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Bank of England and IMF warnings on global economy: Top economics stories to read this week
Thursday 7th of July 2022
The Indian rupee hit a record low against the US dollar on Tuesday. It came after data showed India’s trade deficit reached an all-time high of $25.63 billion.
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How a circular economy could help tackle Sri Lanka’s economic crisis
Tuesday 5th of July 2022
The economic crisis ravaging Sri Lanka has created a dire situation where a significant number of middle-class families have been pushed into poverty within a short period of time. Additionally, the rapid increase in the cost of living has made it challenging for most of the community to attain their basic needs, with the affordability of food items particularly affected.
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Why some nations are wealthier than others – and what it means for future prosperity
Friday 1st of July 2022
Why are some nations rich and others poor? Can the governments of poor nations do something to ensure that their nations become rich? These sorts of questions have long fascinated public officials and economists, at least since Adam Smith, the prominent Scottish economist whose famous 1776 book was titled “An Inquiry into the Nature and Causes of the Wealth of Nations.”
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Why this city in Zambia has been nicknamed ‘Amsterdam’
Wednesday 29th of June 2022
Thousands of human-powered bicycles crisscross Chipata traffic lights daily, ferrying groceries, passengers, civil servants, and—even a diplomat!
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Past and present inflation are more similar than you think
Tuesday 28th of June 2022
Housing inflation in the US before 1983 was measured in a way that made the Consumer Price Index (CPI) mechanically responsive to Fed policy, leading to artificially high peaks and fast declines in CPI inflation. To better contextualise the current run-up in inflation to a 40-year high, this column presents new historical series for CPI headline and core inflation that are more consistent with current practices and expenditure shares for the post-war period. Using these series, the authors find that current inflation levels are much closer to past inflation peaks than the official series would suggest.
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This is the biggest concern for Americans right now, according to a new survey
Friday 24th of June 2022
As inflation creeped up to the highest level in more than 40 years in recent months, the issue of rising costs of living has also climbed to the top of Americans’ mind. According to results from Statista’s Global Consumer Survey, 44 percent of U.S. adults now think that inflation is among the most pressing issues that need to be addressed in their country, displacing issues like immigration and social security, which typically top these kinds of lists.
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Will slow growth and inflation lead to stagflation? Economist Greg Daco speaks to Radio Davos
Thursday 23rd of June 2022
The global economy has been having a rocky ride. There was the pandemic, there was the supply chain squeeze coming out of the pandemic, and then Russia’s invasion of Ukraine. Many developed countries now have inflation levels unseen for a generation or two and economic growth is down.
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Everyday prices are surging. What effect does that have on personal savings in the US?
Thursday 23rd of June 2022
As prices for everyday purchases continue to surge in the United States, many families struggle to make ends meet. And even among those who manage to keep their standard of living and pay all their bills, something’s got to give.
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Research from 44 countries shows levels of rising inflation across the world
Thursday 23rd of June 2022
Two years ago, with millions of people out of work and central bankers and politicians striving to lift the U.S. economy out of a pandemic-induced recession, inflation seemed like an afterthought. A year later, with unemployment falling and the inflation rate rising, many of those same policymakers insisted that the price hikes were “transitory” – a consequence of snarled supply chains, labor shortages and other issues that would right themselves sooner rather than later.
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How replacing coal with renewable energy could pay for itself
Thursday 23rd of June 2022
The world may gain an estimated $78 trillion over coming decades by making this energy transition.
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How does squeezing the life out of an economy help it revive?
Wednesday 22nd of June 2022
“The farmers got out of hand.”
Read the Agenda on Economic Growth and Social Inclusion here