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Author: New York City. Comptroller
Publisher:
ISBN:
Category : NYC
Languages : en
Pages :
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Author:
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ISBN:
Category : Economic history
Languages : en
Pages : 1046
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Author: New York City. Comptroller
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Category : NYC
Languages : en
Pages :
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Author: OECD
Publisher: OECD Publishing
ISBN: 9264700617
Category :
Languages : en
Pages : 336
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Book Description
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. This issue includes a general assessment of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19 outbreak and a chapter summarising developments and providing projections for each individual country.
Author:
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Category :
Languages : en
Pages :
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In the first quarter of 2017, the U.S. economy grew at an annualized rate of 1.4%. Fixed investment was the main driver of growth, while inventories were a large drag. Consumer spending slowed significantly from its pace in previous quarters, but still accounted for about half of GDP growth in the first quarter.· U.S. employers added a seasonally adjusted 1,079,000 jobs during the first six months of 2017, the weakest first-half performance since 2010, according to data the Labor Department.· Productivity was flat in the first three months of the year. Slumping productivity gains have led to disappointing real GDP growth this expansion.· Unit labor costs rose 2.2%. Hourly compensation, encompassing everything from salaries to retirement benefits and health care costs, also rose at a 2.2% annual rate in the first quarter.· Over the last 12 months, the all items Consumer Price Index rose 1.9% before seasonal adjustment. The core CPI was up 1.7% on the year. Core inflation appears to have moderated, as year-over-year growth was weaker than the 2.2% gain in May 2016.· Regarding the external sector, the current account deficit, the broadest measure of U.S. trade with the rest of the world, widened to US$ 116.8 billion in the first quarter of 2017, an increase of US$ 2.8 billion. In May, the U.S. trade deficit narrowed 2.3% to a seasonally adjusted US$ 46.51 billion, as exports rose to their highest level in more than two years.· The Federal Open Market Committee (FOMC) raised interest rates by a quarter point two times in the first half of 2017: in March and in June.
Author: Economic and Social Research Institute
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 542
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Author: Asian Development Bank
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Author: United States. Congress. House. Committee on the Budget
Publisher:
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Category : United States
Languages : en
Pages : 2
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Author: International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781513556055
Category : Business & Economics
Languages : en
Pages : 203
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Book Description
The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.
Author: World Bank
Publisher: World Bank Publications
ISBN: 1464816662
Category : Business & Economics
Languages : en
Pages : 339
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Book Description
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Author: NU. CEPAL.
Publisher:
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Category :
Languages : en
Pages :
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The U.S. economy expanded at a 33.1% annual rate in the third quarter of 2020, following a decline of 31.4% in the second quarter and 5% in the first. The third-quarter gain reversed about 75% of the prior decline. The pandemic has created unprecedented volatility in economic growth this year, with the record-shattering decline in real GDP in the second quarter followed by a similarly record-breaking gain in the third. Economic forecasts project a slowdown in the final quarter of the year, however, because of the recent surge in COVID-19 cases and some tighter restrictions that have been implemented to contain the spread of the virus. There is already some evidence that the labor market has begun to weaken. The slowdown in the pace of non-farm payroll gains to 245,000 in November underlines how the renewed surge in virus cases and restrictions is weighing on services demand, as the sharp rise in coronavirus cases since October poses downside risks to the consumer recovery. The economic policy response was prompt and strong in the early phase of the pandemic (equivalent to 13% of GDP). According to the Brookings Institution's Hutchins Center Fiscal Impact Measure, fiscal policy added 14.1 and 5.4 percentage points to real GDP growth in the second and third quarters, respectively. The size and content of another fiscal package of still much needed relief measures is currently under discussion. The economic outlook remains challenging for the winter months, as it depends on containing the spread of the virus to avoid stricter restrictions, and on new policy measures to support the economy. However, encouraging news regarding the development of effective vaccines, which are expected to be more widely available in the course of next year, have led to upgrades in economic growth projections for the second half of 2021.
