Inflation in Latin America is currently running at its highest level in 15 years. With uncertainty about how it will unfold, the expectations of people and firms are largely de-anchored, meaning distinct from the central banks’ target levels, and thus a potential source of even greater inflation. Meanwhile, as world interest rates rise, countries in the… Seguir leyendo Lessons from the Lost Decade for Confronting Inflation Today
Categoría: Economy
A Year and a Half into the Pandemic: How Did Cross-Border E-Commerce Evolve?
Cross-border e-commerce initially contracted in Uruguay because of the pandemic but started to show a pronounced recovery in mid-2020. Data on all credit and debit card purchases made abroad in the framework of the country’s franchise regime revealed that it decreased significantly between January and May 2020.[1] The aggregate annualized value of these purchases from Uruguay dropped… Seguir leyendo A Year and a Half into the Pandemic: How Did Cross-Border E-Commerce Evolve?
USHCC is helping America’s small businesses as a leader of the SBA Community Navigator Program!
Washington, D.C. June 24, 2022.- The USHCC is helping America’s small businesses by leading through the SBA Community Navigator network. This national program is called USHCC Navigates Small Business, which supports small, Hispanic and minority-owned companies to better navigate through the challenges and opportunities that will help them grow, thrive, and contribute to public and… Seguir leyendo USHCC is helping America’s small businesses as a leader of the SBA Community Navigator Program!
Do saving nudges cause borrowing? Evidence from a mega-study
A vast number of policies aiming to increase savings are currently in place, with many of them involving nudges. These policies are based on the assumption that savings are financed with decreases in consumption. However, when policy makers or researchers evaluate these interventions, they often focus on immediate savings outcomes without looking at where the… Seguir leyendo Do saving nudges cause borrowing? Evidence from a mega-study
How Tariffs Are Raising the Cost of Summer Essentials – Time to Cut the Tax
Summer essentials more expensive than ever? One contributing factor is the record level of tariffs being imposed by the federal government on thousands of items Americans buy every year, including summertime staples. Swimming pools and wading pools – 7.5% Tax Fishing reels, rods, and hooks – 7.5% Tax Bicycles – 25% Tax Baseball and softball… Seguir leyendo How Tariffs Are Raising the Cost of Summer Essentials – Time to Cut the Tax
A Trojan Horse That Will Radically Alter Our Free Market Economy
A series of bills currently pending before Congress would substantively alter antitrust law in ways that would sap our economy’s potential for future growth and innovation. The bills masquerade as a salve for all manner of grievances held against a handful of “Big Tech” firms, but in reality, if these bills become law, they will… Seguir leyendo A Trojan Horse That Will Radically Alter Our Free Market Economy
Secretary Gina Raimondo on the Launch of the Indo-Pacific Economic Framework
Commerce Secretary Gina M. Raimondo released the below statement following the launch of the Indo-Pacific Economic Framework for Prosperity: “Today’s launch of the Indo-Pacific Economic Framework for Prosperity is a clear demonstration of the Biden administration’s commitment to pursuing economic engagement that benefits American workers, families, and businesses. This framework will enable the United States… Seguir leyendo Secretary Gina Raimondo on the Launch of the Indo-Pacific Economic Framework
Florida Department of Economic Opportunity Awards More Than $20 Million to Assist Florida’s Most Vulnerable Homeowners
TALLAHASSEE, Fla. – Today, the Florida Department of Economic Opportunity (DEO) announced that it has awarded more than $20 million in total relief, with $8.7 million awarded this week alone, to some of Florida’s most vulnerable homeowners through the Homeowner Assistance Fund (HAF). DEO continues to encourage mortgage and utility servicers to pause pending foreclosure proceedings… Seguir leyendo Florida Department of Economic Opportunity Awards More Than $20 Million to Assist Florida’s Most Vulnerable Homeowners
Combating Inflation: What’s Behind High Energy Prices
In March, year-over-year consumer price increases topped 8.5%, causing the highest inflationary rise in 40 years. One of the biggest drivers has been skyrocketing energy costs, which impact virtually every sector of the economy. While the war in Ukraine and supply chain impacts from Russian sanctions have exacerbated price pressures, energy prices were already escalating… Seguir leyendo Combating Inflation: What’s Behind High Energy Prices
U.S. Chamber of Commerce Showcases Asia Engagement, Hosts ASEAN Leaders
WASHINGTON, D.C. – Today, as part of the U.S.-ASEAN Special Summit, the U.S. Chamber of Commerce hosted ASEAN leaders for a dialogue on how regional governments and the private sector can work together to address pressing challenges like energy security. The event included U.S. Secretary of Commerce Gina Raimondo, U.S. Trade Representative Katherine Tai, Special Presidential… Seguir leyendo U.S. Chamber of Commerce Showcases Asia Engagement, Hosts ASEAN Leaders