Biden’s Covid Recovery Package Could Hinge on Tomorrow’s Job’s Report

Hint: The employment figures only tell part of the story.

#biden-joseph-r-jr, #gross-domestic-product, #inflation-economics, #labor-and-jobs, #productivity, #southern-states-us, #summers-lawrence-h, #united-states, #united-states-economy, #wages-and-salaries

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Here’s One Thing Missing from President Biden’s Budget: Booming Growth

For all the administration’s focus on transformational policies, it’s not forecasting an outburst of economic potential.

#biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

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One Thing Missing From the Biden Budget: Booming Growth

For all the administration’s focus on transformational policies, it’s not forecasting an outburst of economic potential.

#biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

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Biden’s Budget Sees Low Inflation, Rising Debt and Slow Economic Growth

The proposal sheds new light on President Biden’s economic agenda and underscores the administration’s belief that the country’s fiscal situation is manageable.

#american-rescue-plan-2021, #biden-joseph-r-jr, #federal-budget-us, #gross-domestic-product, #inflation-economics, #taxation, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

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Japan’s Yo-Yoing Economy Shrinks Again as Virus Spreads and Vaccinations Lag

The country has experienced cycles of growth and contraction in domestic consumption as the pandemic has waxed and waned.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #japan, #vaccination-and-immunization

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G.D.P. Growth Accelerated in the First Quarter

The U.S. economy expanded as the pandemic’s effects eased.

#american-rescue-plan-2021, #commerce-department, #consumer-behavior, #coronavirus-2019-ncov, #coronavirus-reopenings, #gross-domestic-product, #labor-and-jobs, #stimulus-economic, #unemployment, #united-states-economy

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The Economy Is (Almost) Back. It Will Look Different Than It Used To.

The recovery is profoundly unequal across sectors, unbalanced in ways that have big implications for businesses and workers.

#consumer-behavior, #coronavirus-2019-ncov, #durable-goods-economic-indicator, #gross-domestic-product, #income-inequality, #united-states-economy

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As Economy Rebounds, Manufacturers Face New Hurdles

U.S. factories are humming again. But the recovery’s speed has left many employers scrambling for workers or for parts.

#american-jobs-plan-2021, #factories-and-manufacturing, #gross-domestic-product, #hiring-and-promotion, #infrastructure-public-works, #labor-and-jobs, #recession-and-depression, #shortages, #united-states-economy

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Signs of Economic Hope Are Growing, Some With Superlatives

Soaring retail sales and a sharp drop in jobless claims are the latest reflection of a quickening recovery and suggest a year of remarkable growth.

#airlines-and-airplanes, #american-rescue-plan-2021, #consumer-behavior, #consumer-confidence-economic-indicator, #coronavirus-2019-ncov, #delta-air-lines-inc, #gross-domestic-product, #hiring-and-promotion, #labor-and-jobs, #shopping-and-retail, #travel-and-vacations, #unemployment, #unemployment-insurance, #united-states-economy

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How the Stimulus Could Power a Rebound in Other Countries

As Americans buy more, they are expected to spur trade and investment and invigorate demand for German cars, Australian wine, Mexican auto parts and French fashions.

#china, #clarida-richard-h-1957, #europe, #european-central-bank, #eurozone, #federal-reserve-system, #gross-domestic-product, #international-trade-and-world-market, #lane-philip-richard, #romer-christina-d, #stimulus-economic, #united-states, #united-states-economy

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India’s Economy Exits Deep Recession as Fledgling Recovery Strengthens

Economic output grew 0.4 percent in the third quarter, but the recovery is uneven, with small businesses facing the brunt of the downturn.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #india

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On the Post-Pandemic Horizon, Could That Be … a Boom?

Signs of economic life are picking up, and mounds of cash are waiting to be spent as the virus loosens its grip.

#coronavirus-2019-ncov, #gross-domestic-product, #labor-and-jobs, #personal-finances, #productivity, #recession-and-depression, #unemployment, #united-states-economy

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Japan’s Economy Surges, but Covid-19 Looms

The world’s third largest economy capped off a terrible year with a sharp rise in activity. Still, analysts say trouble lies ahead.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #japan

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Europe’s Slow Pace of Vaccinations Opens Door to Recession

A double-dip recession in the European Union appears likely after the trade bloc reported a decline in economic output in the last quarter of 2020.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #europe, #european-union, #eurozone, #gross-domestic-product, #recession-and-depression, #vaccination-and-immunization

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The Economy Does Much Better Under Democrats. Why?

G.D.P., jobs and other indicators have all risen more slowly under Republicans for nearly the past century.

#blinder-alan-s, #democratic-party, #federal-taxes-us, #gross-domestic-product, #labor-and-jobs, #presidents-and-presidency-us, #republican-party, #united-states-economy, #united-states-politics-and-government, #watson-mark-w

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Modi’s Budget for India Reflects Stark Choices

Health care and infrastructure spending received significant increases, but fears about inflation could hold back efforts to get the economy surging again.

#budgets-and-budgeting, #coronavirus-2019-ncov, #defense-and-military-forces, #economic-conditions-and-trends, #gross-domestic-product, #india, #inflation-economics, #internal-storyline-no, #politics-and-government, #rationing-and-allocation-of-resources, #stimulus-economic

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U.S. Economy Grew 1 Percent in the Last Quarter

The economy has regained roughly three-quarters of the output lost during the collapse last spring, and only a bit more than half of the jobs.

#commerce-department, #coronavirus-aid-relief-and-economic-security-act-2020, #gross-domestic-product, #labor-and-jobs, #stimulus-economic, #united-states-economy

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An ‘Electrifying’ Economist’s Guide to the Recovery

Mariana Mazzucato, a professor who has the ears of world leaders and chief executives, envisions a post-pandemic world that redefines what is valued.

#capitalism-theory-and-philosophy, #gross-domestic-product, #income-inequality, #mazzucato-mariana, #politics-and-government, #women-and-girls, #womens-rights

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Racism Impoverishes the Whole Economy

While the targets unquestionably suffer the most, denying people equal opportunities diminishes the finances of millions of Americans.

#bell-laboratories, #black-people, #boards-of-directors, #civil-rights-movement-1954-68, #colleges-and-universities, #discrimination, #education-k-12, #forbes-magazine, #gross-domestic-product, #hispanic-americans, #income-inequality, #innovation, #inventions-and-patents, #michigan-state-university, #minorities, #musk-elon, #race-and-ethnicity, #research, #scholarships-and-fellowships, #small-business-administration, #united-states-economy, #venture-capital, #wages-and-salaries, #women-and-girls

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Japan’s Economy Surges as Covid-19 Limits Ease

Activity has jumped as pandemic limits have eased, in a positive sign for global growth, but damage may be deeper than the initial numbers showed.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #japan, #politics-and-government

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As Britain Locks Down, Officials Work to Keep the Economy Afloat

On Day 1 of new restrictions, the Bank of England and British Treasury announced expanded efforts to support the nation’s finances.

#bank-of-england, #banking-and-financial-institutions, #coronavirus-2019-ncov, #economic-conditions-and-trends, #england, #european-commission, #government-bonds, #gross-domestic-product, #layoffs-and-job-reductions, #politics-and-government, #stimulus-economic, #sunak-rishi-1980

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Europe Risks a New Economic Downturn as Lockdowns Return

Record quarterly growth inspires little joy as the threat of a double-dip recession looms.

#coronavirus-2019-ncov, #daimler-ag, #economic-conditions-and-trends, #european-central-bank, #european-union, #eurozone, #gross-domestic-product, #ing-groep-nv, #international-monetary-fund, #korngold-erich-wolfgang, #lagarde-christine, #minder-raphael, #mkg-productions-inc, #quarantines, #recession-and-depression, #stimulus-economic, #theatre-royal-de-la-monnaie-brussels-belgium

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Economy’s Big Rebound Leaves a Shortfall as Progress Slows

Third-quarter growth set a record, fueled by federal assistance. But recent signs point to a loss of momentum in job gains and production.

#commerce-department, #coronavirus-2019-ncov, #coronavirus-reopenings, #gross-domestic-product, #labor-and-jobs, #recession-and-depression, #shutdowns-institutional, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

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The American Economy Was Hit by a Bus. It’s Healing, but Slowly.

Why the G.D.P. numbers out today can mislead.

#coronavirus-2019-ncov, #gross-domestic-product, #recession-and-depression, #stimulus-economic, #united-states-economy

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Why the Best G.D.P. Report Ever Won’t Mean the Economy Has Healed

Government data on Thursday will show a record-setting rebound in economic output. But the numbers are misleading.

#commerce-department, #coronavirus-2019-ncov, #gross-domestic-product, #recession-and-depression, #shutdowns-institutional, #stimulus-economic, #trump-donald-j, #united-states-economy

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What if Local and Diverse Is Better Than Networked and Global?

Helena Norberg-Hodge has been arguing for localism since the 1970s, but the pandemic is making the Australian activist-scholar’s ideas more relevant than ever.

#agriculture-and-farming, #australia, #byron-bay-australia, #coronavirus-2019-ncov, #gross-domestic-product, #ladakh-india, #local-food, #local-futures-nonprofit, #norberg-hodge-helena, #organic-foods-and-products, #quarantine-life-and-culture, #sustainable-living

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The Strong Case for Joe Biden’s Economic Plan

The former vice president’s tax and spending claims are credible; Trump’s aren’t.

#biden-joseph-r-jr, #democratic-party, #federal-budget-us, #federal-taxes-us, #gross-domestic-product, #labor-and-jobs, #presidential-election-of-2020, #republican-party, #stimulus-economic, #trump-donald-j, #united-states-economy

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China Is on a Building Binge, and the Global Economy Could Benefit

Iron ore, nickel, copper and other metal prices are rising as China restarts construction, and the global economy could benefit.

#china, #commodities, #coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #united-states-economy

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Gross Domestic Misery Is Rising

The recovery is bypassing those who need it most.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #gross-domestic-product, #labor-and-jobs, #trump-donald-j, #unemployment, #united-states-economy, #wages-and-salaries

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Australia Enters Its First Recession in Nearly 30 Years

The battle against Covid-19 has ended an impressive growth streak, but other challenges will make it hard for “The Lucky Country” to match its past success.

#australia, #coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #politics-and-government, #recession-and-depression

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India’s Economy Shrank Nearly 24 Percent Last Quarter

It’s the biggest decline of any major economy. Economists say once the impact on the country’s vast “informal” work force is taken into account, the damage might be even worse.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #india, #labor-and-jobs, #quarantines, #shutdowns-institutional

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View From the I.M.F. — In a Crisis Like No Other, Gender Still Counts

“The economics of gender equality is a book already written,” said Kristalina Georgieva, the managing director of the International Monetary Fund.

#economic-conditions-and-trends, #georgieva-kristalina-ivanova, #gross-domestic-product, #international-monetary-fund, #women-and-girls

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We Just Crossed the Line Debt Hawks Warned Us About for Decades

The country’s debt now exceeds the size of its gross domestic product. For decades, this was considered a doomsday scenario that would wreck the economy. So far, that hasn’t happened.

#congressional-budget-office, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #government-bonds, #gross-domestic-product, #interest-rates, #national-debt-us, #united-states-economy, #united-states-politics-and-government

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Coming Next: The Greater Recession

The suspension of federal benefits would create damage almost as terrifying as the economic effects of the coronavirus.

#coronavirus-2019-ncov, #federal-aid-us, #gross-domestic-product, #layoffs-and-job-reductions, #mcconnell-mitch, #trump-donald-j, #united-states-economy

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Record Low for U.S. G.D.P. as Coronavirus Takes Huge Toll

The second-quarter contraction set a grim record, and it would have been worse without government aid that is expiring.

#commerce-department, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #gross-domestic-product, #labor-and-jobs, #recession-and-depression, #shutdowns-institutional, #small-business, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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GDP Q2 Report: Why You’ll See Two Figures for Decline

Official data for second-quarter economic output arrives Thursday, and while it will be unquestionably bad, there are different ways of looking at it.

#commerce-department, #coronavirus-2019-ncov, #economics-theory-and-philosophy, #gross-domestic-product, #new-york-times, #shutdowns-institutional, #statistics, #united-states-economy

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China’s Economy Rebounds From Virus, but Uncertainty Persists

Heavy spending on roads and rail lines reversed the economy’s virus-induced nose-dive in February and March, but may be difficult to sustain, raising questions for global growth.

#china, #coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #factories-and-manufacturing, #gross-domestic-product, #labor-and-jobs, #national-bureau-of-statistics-china

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We Socialize Bailouts. We Should Socialize Successes, Too.

Governments have spent trillions in tough times without creating structures that turn short-term fixes into a more inclusive economy.

#coronavirus-2019-ncov, #gross-domestic-product, #income-inequality, #innovation, #public-private-sector-cooperation, #united-states, #united-states-economy, #venture-capital

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Why Did It Take the Coronavirus to Show How Much Unpaid Work Women Do?

Cleaning the house and taking care of children has real economic value, and women have been doing it for free for too long.

#coronavirus-2019-ncov, #gross-domestic-product, #income-inequality, #labor-and-jobs, #united-states, #united-states-economy

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On the Economics of Not Dying

What good is increasing G.D.P. if it kills you?

#coronavirus-2019-ncov, #coronavirus-reopenings, #deaths-fatalities, #gross-domestic-product, #masks, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Mnuchin and Powell Warn of Economic Scarring, and Offer Divergent Solutions

The Treasury secretary and Fed chair said economic damage could last. One prescribed rapid reopening, the other robust policy action.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #gross-domestic-product, #interest-rates, #labor-and-jobs, #mnuchin-steven-t, #powell-jerome-h, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Don’t Get Misled by the Yo-Yo Effect in Economic Data

In normal times, percentage change is a helpful guide to what’s happening in the economy. But these are not normal times.

#economic-conditions-and-trends, #gross-domestic-product, #recession-and-depression, #united-states-economy

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Did the Coronavirus Kill Ideology in Australia?

How a government both sectarian and divisive learned (briefly) to become inclusive.

#australia, #coronavirus-2019-ncov, #deaths-fatalities, #epidemics, #firearms, #frydenberg-josh, #germany, #great-britain, #gross-domestic-product, #howard-john-winston, #mass-shootings, #mnuchin-steven-t, #morrison-scott-1968, #new-zealand, #organized-labor, #qatar, #reserve-bank-of-australia, #singapore, #south-korea, #trump-donald-j, #unemployment, #unemployment-insurance, #wildfires

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Modi Announces $260 Billion Coronavirus Rescue Package for India

He was scant on details. But the relief is more than economists predicted and comes as Indian cities are hemorrhaging jobs and workers.

#coronavirus-2019-ncov, #gross-domestic-product, #india, #modi-narendra, #politics-and-government

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McDonald’s Workers in Denmark Pity Us

Danes haven’t built a “socialist” country. Just one that works.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #deaths-fatalities, #denmark, #economic-conditions-and-trends, #gross-domestic-product, #health-insurance-and-managed-care, #labor-and-jobs, #mcdonalds-corporation, #pence-mike, #politics-and-government, #trump-donald-j, #united-states, #united-states-economy, #wages-and-salaries

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Stocks Are Rising as Economic News Worsens

Trillions in stimulus dollars have convinced Wall Street that the government has its back, and investors are seizing on even glimmers of good news about the pandemic.

#amazon-com-inc, #apple-inc, #chevron-corporation, #commerce-department, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #exxon-mobil-corp, #federal-reserve-system, #gross-domestic-product, #interest-rates, #recession-and-depression, #remdesivir-drug, #sp-dow-jones-indices, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #united-states, #united-states-economy

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US G.D.P. Declined in First Quarter, With Worse Economy to Come

U.S. gross domestic product declined in the first quarter, dragged down by the pandemic’s grip in March. Don’t even ask about this quarter.

#commerce-department, #coronavirus-2019-ncov, #epidemics, #gross-domestic-product, #layoffs-and-job-reductions, #recession-and-depression, #shutdowns-institutional, #united-states-economy

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G.D.P. Declined in First Quarter, With Worse Economy to Come

U.S. gross domestic product declined in the first quarter, dragged down by the pandemic’s grip in March. Don’t even ask about this quarter.

#commerce-department, #coronavirus-2019-ncov, #epidemics, #gross-domestic-product, #layoffs-and-job-reductions, #recession-and-depression, #shutdowns-institutional, #united-states-economy

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China’s Economy Shrinks, Just When the World Needs Its Punch

The coronavirus ended nearly half a century of continuous growth, official figures show, underscoring how momentous the task of reviving the global economy will be.

#china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #epidemics, #factories-and-manufacturing, #gross-domestic-product, #international-trade-and-world-market, #labor-and-jobs, #shutdowns-institutional

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Coronavirus Recession Looms, Its Course ‘Unrecognizable’

The U.S. economic outlook darkens daily, with millions facing unemployment and businesses in a steep decline.

#coronavirus-2019-ncov, #economics-theory-and-philosophy, #gross-domestic-product, #labor-and-jobs, #recession-and-depression, #unemployment, #united-states-economy

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