Using an alternative measure may help separate the signal from the noise. Economists debating inflation in the United States are confronting a difficult challenge: stripping out volatile price changes to gauge underlying pressures. The most common measure of underlying or “core” inflation, which excludes volatile food and energy prices, has been hard to read during the pandemic. The traditional… Seguir leyendo Median Inflation Gauge Offers Better Read on Price Trends
Categoría: Economy
Announcement of Dilawar Syed as the State Department’s Special Representative for Commercial and Business Affairs
The Department of State is pleased to announce Dilawar Syed as the new Special Representative for Commercial and Business Affairs. Special Representative Syed brings a strong background in business and entrepreneurship, having built global enterprises in the fields of technology, healthcare, and business services. Special Representative Syed will also draw on his experience working at… Seguir leyendo Announcement of Dilawar Syed as the State Department’s Special Representative for Commercial and Business Affairs
Schools during COVID-19, Silver Economy, Women in the Workforce
School attendance during the pandemic Almost two years after a widespread closure of schools, the first official data allows preliminary measurements of the pandemic’s real costs on schooling. School attendance of students between the ages of 6 and 23 has fallen 1.7 percentage points, which is the equivalent to having placed three million additional students… Seguir leyendo Schools during COVID-19, Silver Economy, Women in the Workforce
New Grant from AmeriCorps for COVID-19 Recovery Efforts
WASHINGTON, D.C.- AmeriCorps, the federal agency for national service and volunteerism, announced a new grant to address ongoing needs created by the COVID-19 pandemic. Specifically, AmeriCorps is awarding more than $7 million to current AmeriCorps Seniors grantees. This grant advances the Biden-Harris administration’s commitment to support diversity, equity, inclusivity, and accessibility; assist states with low vaccination rates; and expand services in communities that are addressing the… Seguir leyendo New Grant from AmeriCorps for COVID-19 Recovery Efforts
Solidarity with the poorest countries: A renewed commitment to recovery
A few weeks ago, the international community agreed to a record $93 billion financing package for the world’s poorest countries. This support will be delivered through the World Bank’s International Development Association (IDA) over the next three years, starting in July. This is IDA’s twentieth replenishment and by far the largest in its 61-year history.… Seguir leyendo Solidarity with the poorest countries: A renewed commitment to recovery
Low Real Interest Rates Support Asset Prices, But Risks Are Rising
A large and sudden jump in real interest rates could lead to a further selloff in stocks. Supply disruptions coupled with strong demand for goods, rising wages and higher commodities prices continue to challenge economies worldwide, pushing inflation above central bank targets. To contain price pressures, many economies have started tightening monetary policy, leading to… Seguir leyendo Low Real Interest Rates Support Asset Prices, But Risks Are Rising
IDB Lab Invests in Colombian Startup to Teach English to Manual Workers
THE INITIATIVE SEEKS BETTER JOB OPPORTUNITIES FOR VULNERABLE POPULATIONS IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB), will provide financial support to Slang, the Colombian educational technology startup that is based on machine learning and artificial intelligence, to teach English to manual workers. This investment, worth $1 million, will support students entering… Seguir leyendo IDB Lab Invests in Colombian Startup to Teach English to Manual Workers
Latin America Leaders See Opportunities for Economic and Social Growth in 2022
Geneva, Switzerland, January 2022.- Despite the impact of the COVID-19 pandemic, Latin American leaders, speaking on the third day of the World Economic Forum’s virtual Davos Agenda 2022, expressed optimism for the region’s economic outlook in the coming year. Latin America posted a solid economic recovery in 2021 and will most likely post moderate growth… Seguir leyendo Latin America Leaders See Opportunities for Economic and Social Growth in 2022
Removing the fine print: Standardization, disclosure, and consumer loan outcomes
At least 85 percent of Americans have encountered an unexpected or hidden fee over the past two years and two-thirds of them say they are paying more now in surprise charges than they were five years ago.1 For financial contracts, prospective borrowers may not be able to, or choose not to, avoid extra fees by carefully… Seguir leyendo Removing the fine print: Standardization, disclosure, and consumer loan outcomes
The Global Economic Outlook in five charts
After rebounding to an estimated 5.5 percent in 2021, global growth is expected to decelerate markedly in 2022—to 4.1 percent, reflecting continued COVID-19 flare-ups, diminished fiscal support, and lingering supply bottlenecks. Although output and investment in advanced economies are projected to return to pre-pandemic trends next year, they will remain below in emerging market and… Seguir leyendo The Global Economic Outlook in five charts