Epidemics
The COVID-19 pandemic has had a devastating impact on the global economy, exacerbating existing economic inequalities between rich and poor countries. As the International Monetary Fund (IMF) notes in its April Fiscal Monitor report, the gap between advanced and emerging economies has widened significantly, with the latter struggling to recover
Epidemics
Midsize cities across the United States are positioning themselves to quickly rebound from the economic impacts of the pandemic. Cities like Austin, Texas; Boise, Idaho; and Portland, Ore., have developed strong alliances with local economic development groups, creating comeback plans that prioritize affordable loans, relief for small businesses, and investments
Epidemics
The economic fallout from the COVID-19 pandemic has had a disproportionate impact on women across the country, exacerbating the existing pay gap between men and women. According to Representative Mikie Sherrill (NJ-11), women in the 11th Congressional District of New Jersey make on average around $20,000 less than men
Epidemics
As President Biden prepares to detail his "Build Back Better" agenda next week, he faces a strategic dilemma in navigating the challenges of passing a potentially transformative economic plan through Congress. With a $4 trillion price tag over the next decade, the plan aims to rebuild infrastructure, revitalize
Epidemics
As the coronavirus pandemic ravaged the US economy a year ago, many feared a repeat of the last recession, with its years of high unemployment and anemic wage growth. However, the federal government responded with unprecedented force and speed, launching a multitrillion-dollar aid package to expand unemployment benefits, rescue small
Epidemics
The global economy's shift towards emerging countries has accelerated, with the US's fiscal stimulus package delaying its relative decline, while European Union leaders look set to accelerate theirs. The US's $1.9tn stimulus package has boosted growth forecasts, with the OECD predicting a 6.
Epidemics
The Organisation for Economic Co-operation and Development (OECD) has upgraded its forecast for global growth, expecting the economy to expand 5.6% this year, a 1.4 percentage point upgrade from its November forecast. This improvement is mainly due to the rapid rollout of Covid-19 vaccination programs and the increase
Epidemics
The U.S. transportation industry, hard hit by the pandemic, would receive a significant boost under President Joe Biden's proposed $1.9 trillion pandemic relief package. The legislation would provide critical support to airlines, airports, and public transit agencies, helping to maintain jobs and keep workers on the
Epidemics
Treasury Secretary Janet Yellen emphasized the need for stimulus spending to combat the ongoing economic impact of the pandemic, highlighting the importance of re-employment and sound fiscal management. Meanwhile, the New York State Attorney General, Letitia James, discussed her office's investigations into workplace safety and alleged retaliation against
Epidemics
As the US recovers from a tumultuous transition and grapples with the worst pandemic of modern times, Ilham Kadri, the CEO of chemicals multinational Solvay, is urging President Joe Biden to provide businesses with clarity on tax reform, regulation, and the US relationship with China. Kadri believes that predictability is
Epidemics
President Biden is pushing for passage of his $1.9 trillion COVID relief package, making the case for it directly to American citizens in a series of public appearances. The package has high approval ratings, despite opposition from Republican lawmakers. Meanwhile, Senate Minority Leader Mitch McConnell is seeking to unify
Epidemics
The US economy is facing a prolonged recession, and President Joe Biden will embark on a crucial mission to win over public and Congressional support for his $1.9tn stimulus plan. In what marks his first official trip outside Washington since becoming president, Biden will make his case directly to
