After a soft end to 2020 and a difficult start in 2021, the global economic recovery is projected to gain momentum in the coming year supported by the coronavirus vaccine rollout.
After a soft end to 2020 and a difficult start in 2021, the global economic recovery is projected to gain momentum in the coming year supported by the coronavirus vaccine rollout. The Asia-Pacific (APAC) region outperformed the other regions in 2020, though recent coronavirus outbreaks in a number of cities in Asia will drag on the pace of recovery in the opening months of the year.
U.S. recessions are ultimately a loss of faith: Consumers lose faith that they will have a job and pull back on their spending, and businesses lose faith that there will be demand for the good or service they produce, and they lay off workers.
At first glance, it is understandable that some are worried about the health of the U.S. consumer.
Global supply chains have been badly scrambled since just after the COVID-19 pandemic struck more than two years ago.
Fannie Mae and Freddie Mac were created by Congress to provide a liquid secondary mortgage market to broaden access to homeownership.
The U.S. economy is flying through the different phases of the business cycle; we recently moved the economy from the recovery to expansion phase of the business cycle.
The U.S. and global economies have recovered surprisingly quickly from the debilitating COVID-19 pandemic.
The minutes from the December meeting of the Federal Open Market Committee showed the central bank believed the time to begin removing policy accommodation was near and that policymakers favor interest rates over balance-sheet reduction as the primary tool.
This paper considers the consequences of a property market collapse in China for the Chinese and global economies, with a special focus on Southeast Asia and emerging markets.
Omicron is substantially more contagious than previous variants of the virus that causes COVID-19, and even if it is much less virulent, it is already doing significant economic damage.