Categoría: Economy

On its Florida 2030 Blueprint Path to becoming the Top 10 economy in the world, Florida Jumps from16th to 15th, Surpassing Spain and Closing in on Australia The Florida Chamber Foundation today announced that Florida, if it were a nation, would now rank as the 15th largest economy in the world, with a gross domestic product… Continue reading Florida Now Ranks as the World’s 15th Largest Economy

WASHINGTON – Today, U.S. Secretary of Commerce Howard Lutnick announced the Department’s Economic Development Administration (EDA) is awarding $15.8 million in Fiscal Year 2025 Disaster Supplemental funding. These awards will support economic recovery efforts in several states that received major disaster declarations in 2023 and 2024, due to storms and other weather-related events. These awards are… Continue reading U.S. Department of Commerce Invests $15.8 Million in First Awards for Fiscal Year 2025 Disaster Supplemental Funding to Support Economic Recovery in 11 States and Territories

Today, the U.S. Bureau of Economic Analysis released new quarterly statistics on gross domestic product and personal income for all 50 states and the District of Columbia for the second quarter of 2025 (April, May, and June), along with new annual statistics on state personal consumption expenditures for 2024. Gross domestic product (GDP) highlights Real… Continue reading Gross Domestic Product by State and Personal Income by State, 2nd Quarter 2025 and Personal Consumption Expenditures by State, 2024

Price and income elasticities are key to understanding how changes in prices and income affect food demand. USDA’s International Food Security Assessment and Baseline models rely on price and income elasticity estimates from previous studies. This study derives new elasticities using an Almost Ideal Demand System (AIDS) approach and relies on data from the 2017… Continue reading International Income and Price Elasticity Estimates: An Update

Effective communication, civic engagement, and earning the public’s trust are the keys to advance pro-growth reforms The global economy is stuck in a low-growth gear, largely because of aging populations, weak business investment, and structural frictions that prevent capital and labor from flowing to where it can be most productive. As demographic pressures intensify and… Continue reading Support for Economic Reforms Hinges on Communication, Engagement, and Trust

“Productivity isn’t everything,” Paul Krugman wrote in his 1990 book, The Age of Diminished Expectations, “but in the long run it is almost everything.”  Productivity is a foundation of prosperity. The only way a country can raise its standard of living sustainably is to produce more with existing or fewer resources. You cannot do that without… Continue reading Sustained Economic Growth Hinges on Productivity Gains as Populations Age

Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could also wipe out millions of jobs and widen inequality. Our research has already shown how AI is poised to reshape the global economy. It could endanger 33 percent of jobs in advanced economies, 24 percent in emerging economies, and 18 percent in low-income… Continue reading Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge