WASHINGTON, Jan. 11, 2022—Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is… Seguir leyendo Global Growth to Slow through 2023, Adding to Risk of ‘Hard Developing Economies
Categoría: Economy
Provident Bank named Labozzetta President and CEO
ISELIN, NEW JERSEY. January, 2022.- Provident Bank, a leading New Jersey-based financial institution, has announced today that Anthony (Tony) Labozzetta has been appointed to the position of President and Chief Executive Officer. Labozzetta assumed the role on January 1, 2022. Mr. Labozzetta previously served as Director, President and Chief Operating Officer of Provident Bank, as… Seguir leyendo Provident Bank named Labozzetta President and CEO
Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated
Crypto assets and associated products and services have grown rapidly in recent years. Furthermore, interlinkages with the regulated financial system are rising. Policymakers struggle to monitor risks from this evolving sector, in which many activities are unregulated. In fact, we think these financial stability risks could soon become systemic in some countries. Uncoordinated regulatory measures… Seguir leyendo Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated
2021 Year in Review in 11 Charts: The Inequality Pandemic
From uneven economic recovery to unequal access to vaccines; from widening income losses to divergence in learning, COVID-19 has had a disproportionate impact on the poor and vulnerable in 2021. It is causing reversals in development and is dealing a setback to efforts to end extreme poverty and reduce inequality. Because of the pandemic, extreme poverty… Seguir leyendo 2021 Year in Review in 11 Charts: The Inequality Pandemic
How Taxes Can Support Growth and Reduce Inequality in Latin America and the Caribbean
Public debt ratios in Latin America and the Caribbean (LAC) increased by about 10 percentage points of GDP in 2020. With debt service costs rising, countries in the region are under pressure to cut public spending and/or raise taxes, even in the face of widespread needs to respond to the pandemic. Our latest Regional Economic Outlook shows… Seguir leyendo How Taxes Can Support Growth and Reduce Inequality in Latin America and the Caribbean
Using Incentives and Nudges to Help Companies in Latin America & the Caribbean
Donor funds can be combined with equity investments to create incentives and nudges for corporate management teams, to achieve a particular outcome that is good for society or the planet, and hopefully both. Charlie Munger, the lesser-known driving force behind Berkshire Hathaway, once famously said “show me the incentive and I will show you the… Seguir leyendo Using Incentives and Nudges to Help Companies in Latin America & the Caribbean
Investment promotion can help attract multinationals and favor sustainable growth
Investment promotion strategies can help countries in Latin America and the Caribbean take advantage of new opportunities to attract multinational firms, boosting the region’s economic recovery, long-term growth, and sustainable development, according to a new report by the Inter-American Development Bank. According to the study, each $1 spent on investment promotion has generated up to… Seguir leyendo Investment promotion can help attract multinationals and favor sustainable growth
November Jobs Report Paints Confusing Picture of Labor Market
The November jobs report showed a huge miss on the number of jobs added but an increase in people entering the workforce. Our economic policy expert breaks down the data and explains why there may be cause for optimism. The November jobs report paints a contradictory view of the labor market. The topline figure of 210,000 jobs… Seguir leyendo November Jobs Report Paints Confusing Picture of Labor Market
U.S. Chamber Urges Congress to Pause on Reconciliation Bill as Inflation Rises to 39-Year High
Washington, D.C. – The following statement can be attributed to Neil Bradley, Executive Vice President and Chief Policy Officer, U.S. Chamber of Commerce. “With prices rising 6.8% over the past year, squeezing budgets for families and small businesses alike, it is time for Congress to hit pause on the reconciliation bill and not add any… Seguir leyendo U.S. Chamber Urges Congress to Pause on Reconciliation Bill as Inflation Rises to 39-Year High
S&P Announces Florida’s AAA Credit Rating Ranks Higher than the Nation
TALLAHASSEE, Fla. November 15, 2021.- Standard and Poor’s (S&P) confirmed Florida’s AAA Stable rating on Florida’s General Obligation (GO) bonds, the highest rating available, and established that Florida has earned a rating that is higher than the nation. This AAA rating reaffirms that Florida is leading in responsible governance and the Florida economy is continuing to… Seguir leyendo S&P Announces Florida’s AAA Credit Rating Ranks Higher than the Nation