Economists
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Exports have surged as companies and consumers rush to beat potential US tariff hikes. However, some economists say China’s economy is growing at a slower pace than official estimates show. China’s economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing’s target of “around 5%” growth,…
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global economic outlook could turn worse if higher prices persisted. Georgieva, speaking at a G20 finance officials meeting in Indonesia, said the conflict in…
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Experts dismiss the idea that greedy companies have been the main reason for a jump in inflation this year. Experts point out that for four decades the market power of businesses over consumers has risen an average of about 1% annually, but that inflation has remained low during that time until the recent upswing, The Hill reported on Wednesday. This…
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Conservative economists blasting Democrat front-runner Joe Biden’s tax hike proposals warn his ideas would “crush” the record-setting U.S. economic recovery. An analysis by the Tax Policy Center last week indicated Biden’s proposals to hike corporate taxes, increase the capital gains taxes on the top 1%, and toss out the Trump tax cuts would collect $4…
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