Epidemics
Rishi Sunak's commitment to cut taxes and limit the government's role has been overshadowed by his pledge to expand the state and increase public spending. Despite promising to reduce taxes in the future, Sunak is set to oversee an unprecedented expansion of the state, with day-to-day
Epidemics
Italian businesses were initially panicking about the impact of Brexit, but the UK trade deal brokered in December 2020 alleviated many concerns. However, the UK market has been battered by the coronavirus pandemic, and Italian exports to the UK are recovering more slowly than in other key markets. The Italian
Epidemics
The International Monetary Fund (IMF) has revised its forecast for global growth in 2021 to 5.9%, a 0.1% decline from its previous projection of 6%. This adjustment reflects the ongoing economic challenges posed by the COVID-19 pandemic, including supply chain disruptions, uneven vaccine distribution, and rising public debt.
Epidemics
Business leaders from various sectors, including food and drink, hospitality, construction, and autos, have warned that the UK's supply chain crisis will continue for at least two years, causing further inflation and delaying the government's "levelling up" agenda. The crisis is attributed to labour
Epidemics
As the UK economy grapples with the aftermath of the COVID-19 pandemic, a coalition of business and education leaders has warned ministers that failure to address severe labour shortages could put the recovery at risk. They have called for the expansion of a temporary visa scheme for foreign workers, particularly
Epidemics
The global economic recovery from the coronavirus recession is facing significant headwinds as supply bottlenecks, surging energy prices, and inflation threaten to derail the momentum gained in the early stages of the rebound. According to the latest Brookings-FT Tracking Index, global growth is slowing in key economies such as China
Epidemics
The US Federal Reserve is tasked with promoting both stable prices and maximum employment, a unique dual mandate among central banks. However, as Federal Reserve Chair Jay Powell noted, navigating the tension between these two mandates presents a significant challenge in the year ahead. With inflation running above the Fed&
Epidemics
The Ontario government has outlined its agenda in a Throne Speech, which focuses on the pandemic and its economic recovery. Despite "significant fiscal challenges" ahead, the government says it will not impose "painful tax hikes or spending cuts" but instead rely on boosting economic growth. The
Epidemics
The COVID-19 pandemic has left an indelible mark on the global economy, hindering recovery in many regions. Despite the acceleration of vaccination efforts and government stimulus measures, the economic outlook remains uncertain. The Organisation for Economic Co-operation and Development (OECD) and the Asian Development Bank (ADB) have both lowered their
Epidemics
Consumers across Europe are bracing themselves for higher energy costs, which are likely to drive up inflation and threaten the region's post-pandemic economic recovery. As European gas prices have tripled this year, economists warn that high energy prices could last well into 2022, with possible price spikes ahead.
Epidemics
US Federal Reserve officials should press ahead with a plan to reduce their stimulus programme, despite a slowdown in US jobs growth in August, according to James Bullard, president of the St Louis Fed. Bullard dismissed concerns that the labour market recovery was faltering, pointing to a surge in job
Epidemics
The European Central Bank, led by President Christine Lagarde, is navigating a complex challenge in unwinding its massive monetary stimulus without disrupting the eurozone's economic recovery. As the ECB prepares to scale back its 1.85 trillion euro pandemic emergency purchase program (PEPP), economists warn that the central
