As China’s preoccupation with high-tech industry runs into limits, the country’s leaders are starting to emphasise an alternative, less familiar source of economic growth https://t.co/mAfhJb1bMrIllustration: Rose Wong https://t.co/vsX7t1AE2c ...

After a decade of meagre economic growth, shocks from a financial crisis, a pandemic and sky-high energy prices, finance ministers in much of the rich world are in a terrible bind. We explain why borrowing more is not the answer https://t.co/wEgHS1Tp1U ...

How the economic machine works in 30 minutes. The economy works like a simple machine, but many people don't understand it or they don't agree on how it works. And this has led to a lot of needless economic suffering.I feel a deep sense of responsibility to share my simple but practical economic template. Though it's unconventional, it has helped me to anticipate and to sidestep the global financial crisis and it has worked well for me for over 30 years. Let's begin.Though the economy might seem complex, it ...

Monetary Policy - India's central bank has not "lost sight" of its growth objective [1] - Price stability remains the primary mandate of India's central bank [1]

when it comes to the history of my country Germany going back to 1948 and we are grateful to the United States that you gave us an independent central bank. This was the starting point for the famous German weds wonder. So central bank independence is key to achieve price to be really to build the basis for economic growth.So we we have to take this into account. Paul gave many important relevant speeches here in Jackson Hall and uh this year I guess for him it's a very important meeting. It's his last meet ...

AI-related investments have accounted for some 40% of America’s real GDP growth over the past year. The trouble is that the very sector powering so much of the country’s economic growth is squeezing the rest of its output https://t.co/Q3VqmKo86P ...

Economic Conditions & Policy Stance - The economy faced new challenges, including significantly higher tariffs from trading partners reshaping the global trading system [2] - Tighter immigration policies led to an abrupt slowdown in labor force growth [2] - Changes in tax, spending, and regulatory policies may have important implications for economic growth and productivity [3] - Downside risks to employment are rising, potentially leading to sharply higher layoffs and rising unemployment [4] - The policy rate is now 100 basis points (1%) closer to neutral than a year ago [6] - Monetary policy is not on a preset course; decisions are based on data assessment and its implications for the economic outlook and balance of risks [7] Inflation & Employment - Risks to inflation are tilted to the upside, while risks to employment are tilted to the downside in the near term [5] - The labor market appears to be in balance, but it's a balance resulting from a marked slowing in both the supply of and demand for workers [3] - The stability of the unemployment rate allows for careful consideration of policy stance changes [6] Monetary Policy Implications - The framework calls for balancing both sides of the dual mandate (inflation and employment) [6] - With policy in restrictive territory, the shifting balance of risks may warrant adjusting the policy stance [6] - The restrictive policy stance was appropriate to help bring down inflation and foster a sustainable balance between aggregate demand and supply [1]

Economic Challenges - Significantly higher tariffs from trading partners are reshaping the global trading system [1] - Tighter immigration policy has led to an abrupt slowdown in labor force growth [1] Policy Impacts - Changes in tax, spending, and regulatory policies may have important implications for economic growth and productivity [2] - Changes in trade and immigration policies are affecting both demand and supply [2] Monetary Policy Considerations - Distinguishing cyclical developments from trend or structural developments is difficult [3] - Monetary policy can stabilize cyclical fluctuations but can do little to alter structural changes [3]

Economic Growth Strategy - China's leaders are shifting focus from high-tech industry to alternative economic growth sources [1] Industry Focus - The alternative source of economic growth is less familiar [1]

Economic Outlook - South Korea's economic growth is projected to be sluggish this year, marking the slowest pace since the 2020 pandemic-induced contraction [1]