U.S. retail spending and manufacturing slowed at the end of 2021 as the Covid-19 Omicron variant and inflation surged, early signs the latest complications from the pandemic could be weighing Continue Reading
The German economy grew 2.7 percent last year but remained well below pre-pandemic levels, after growth slowed sharply in the fourth quarter due to the impact of the coronavirus crisis Continue Reading
U.S. inflation hit its fastest pace in nearly four decades last year as pandemic-related supply and demand imbalances, along with stimulus intended to shore up the economy, pushed prices up Continue Reading
President Biden and his advisers for months predicted inflation would be only transitory, a temporary problem that would fade as the economy rebounded and as supply chain issues were alleviated. Continue Reading
Global vehicle manufacturers found themselves struggling to meet demand in the second half of 2021 as production was hampered by a semiconductor chip shortage — and supply is not likely Continue Reading
U.S. Jobless Claims Unexpectedly Decline Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Applications for U.S. state unemployment benefits unexpectedly fell Continue Reading
The world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research. Continue Reading
Some of Europe’s biggest energy users are curbing production as they warned soaring power and gas prices could lead to higher manufacturing costs and hit competitiveness. Dunkirk’s Alvance, Europe’s largest Continue Reading
Prices that suppliers are charging businesses and other customers leapt in November, signaling that broad-based price pressures are still building throughout the U.S. supply chain. The Labor Department said Tuesday Continue Reading
Spend any time discussing climate policy and you’re sure to discover the “degrowth” movement. Its vocal proponents are hard to miss, online and off. Its core tenets might be harder Continue Reading
