In a speech last week, Janet L. Yellen, the Treasury secretary, said the pandemic and the war had revealed that American supply chains, while efficient, were neither secure nor resilient. While cautioning against “a fully protectionist direction,” she said the United States should work to reorient its trade relationships toward a large group of “trusted...Read More

Placeholder while article actions load A barrage of divisive economic signals, combined with plummeting technology stocks, led financial markets to close April at lows last seen when the pandemic began in March 2020. Uncertainty about the trajectory of the economy played a role in market turmoil on Friday, as the tech-heavy Nasdaq closed down 4.2...Read More

U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, April 29 (Reuters) – The dollar’s race to two-decade highs is leaving a trail of destruction in its wake, exacerbating inflation in other countries and tightening financial conditions just as the...Read More

India’s consumer digital economy is worth approximately USD 100 billion and is expected to become a USD 800 billion market by 2030, said Union Minister Piyush Goyal while addressing the Confederation of Indian Industry (CII), global unicorn summit. Terming cyber security and data privacy as pressing issues faced by the global economy as digitisation rose,...Read More

The U.S. economy unexpectedly shrank in the first quarter, according to gross domestic product data released on April 28, 2022. While the reasons were technical and weren’t seen as signs of weakness, they add to worries that the U.S. might be headed for another recession as the Federal Reserve seeks to fight inflation by raising...Read More

RUSSIA’S DECISION to halt the supply of gas to Bulgaria and Poland has added fuel to an already heated debate in Germany, which is heavily reliant on the commodity. For weeks the country’s economists and officials have argued over just how much a ban on Russian hydrocarbons would harm the economy. Now it seems imaginable...Read More

Outlook: Today we get US GDP for Q1 and remember that yesterday, the Atlanta Fed GDPNow had lowered its forecast from 1.3% to 0.4%, on consumer lassitude. (Tomorrow’s eurozone GDP is expected at 0.3%, by the way.) The Conference Board has 1.5%. We also get the usual jobless claims today, which show the rearview mirror...Read More

After a choppy session yesterday, markets in Europe managed to finish the session in positive territory, however the gains were hard won, and lacked conviction. In the US, the attempts to move higher were similarly lacking in conviction, with the best that can be said is that we’ve seen a little bit of a pause...Read More

Posted on April 27, 2022 Governor of the Central Bank of Barbados Cleviston Haynes. (GP) Barbados’ economy has continued its climb out of recession, growing by 11.8 per cent between January and March mainly because of a big rebound in tourism. Central Bank Governor Cleviston Haynes, who reported this today in his first quarter press...Read More

Among new books on the former Soviet Union, Erica Fatland’s travelogue, “Sovietistan: Travels in Turkmenistan, Kazakhstan, Tajikistan, Kyrgyzstan, and Uzbekistan,” grabbed my attention recently. It’s not simply that I wanted to distinguish (finally) between the nations’ consonant-heavy names; I wanted to consider possible futures for neighboring Russia in the wake of its war with Ukraine.  History,...Read More