The U.S. economy appears to be experiencing a much-anticipated soft landing, thanks to careful interventions by the Federal Reserve. The central bank's measured increase in interest rates has resulted in a well-balanced economy with reduced inflation. This positive outcome bodes well for Americans. However, the situation is quite different in other parts of the world. Europe, … [Read more...] about A Soft Landing in the U.S., but Challenges Abroad
Global Economy
COVID-19 Crisis Cost the Global Economy About 255 Million Jobs-ILO
COVID-19 pandemic wiped out about 255 million full time jobs globally, raising the concern that the world economy won’t recover fully in 2021. The report by International Labor Organization showed that working hours would remain below those of the pre-crisis levels even under the most optimistic assumptions. Under a baseline scenario, ILO projects that the global economy … [Read more...] about COVID-19 Crisis Cost the Global Economy About 255 Million Jobs-ILO
