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The minister pointed out that the situation in the economy is changing very rapidly, among other things, if in August of last year the Ministry of Finance predicted growth in the Latvian economy in the amount of 2.4% in 2024, then the latest forecasts show that the growth will not be higher than 1.4%. Similarly, … Read more
The economist explains that by reducing premature mortality at working age, the growth rate could be accelerated by 0.2 percentage points per year, by activating the internal reserves of labor – by 0.3 percentage points, by increasing the level of education – by 0.2 percentage points, by increasing the quality of education – by 0, … Read more
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Instead of focusing heavily on international climate conferences, which require unanimous support, and relying on voluntary commitments that ultimately have little impact on emissions, policymakers should pursue narrower binding agreements. We already know that this strategy works and is scalable. Mere observers of the recent United Nations Climate Change Conference (COP28) in Dubai could be … Read more
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As geopolitical tensions rise and interest rates remain at elevated levels, 2024 will be another turbulent year for the global economy. This is especially true for emerging markets, which managed to avoid the crisis in 2023, but may find it difficult to do so again if global growth does not live up to expectations. In … Read more
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Economists explain that one reason could be that people who buy expensive goods have more alternatives. If their favorite expensive item becomes too expensive, they may switch to something cheaper. On the other hand, those who already buy the cheapest have no choice. This means that stores can more confidently raise prices on cheaper items, … Read more
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In a recent interview with CNN, Paul Krugman of The New York Times expressed his confusion as to why ordinary American voters do not agree with his euphoric view of US President Joe Biden’s “golden economy”, which appears to be balanced and without bias. to extremes. Inflation is falling, unemployment is low, the economy is … Read more
In a recent interview with CNN, Paul Krugman of The New York Times expressed his confusion as to why ordinary American voters do not agree with his euphoric view of US President Joe Biden’s “golden economy”, which appears to be balanced and without bias. to extremes. Inflation is falling, unemployment is low, the economy is … Read more
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New Buzzword Emerges as Policymakers Seek to “De-Risk” Relations with China In a surprising turn of events, policymakers in the United States and across Europe have recently embraced a new buzzword: “de-risking” relations with China. This term has gained popularity as a result of the sudden abandonment of the previously favored concept of “decoupling”, which … Read more
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I recently attended the China Development Forum (CDF) in Beijing, an annual gathering of high-level foreign business leaders, academics, former policymakers and senior Chinese officials. This year’s conference was the first to be held in person since 2019 and offered Western observers the opportunity to meet China’s new top leadership, including new Premier Li Qiang. … Read more
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This is a dangerous time for the global economy as high inflation, bank failures and geopolitical tensions threaten to threaten economic growth. There are also some positives, with economic growth in China and India expected to reach around 5% and 6.5% this year, respectively. However, as the latest data from the Brookings-Financial Times Global Economic … Read more