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Economy

“Washington state projected to get $3.2 billion more in taxes as economy brightens amid COVID-19 recovery”

“Washington’s state tax collections are roaring back, with an estimated additional $3.2 billion projected through 2023 as parts of the economy brighten and people get vaccinated amid the COVID-19 pandemic. Wednesday’s projections by the state Economic and Revenue Forecast Council… Continue Reading…

Economy

“Opinion: The post-pandemic economy will boom — but not for all”

“As the post-pandemic economy begins to surge forward, the Biden administration has an awkward economic problem. The rewards of renewed prosperity are likely to be distributed very unequally, with rich people and companies getting richer — adding to the United… Continue Reading…

Economy

“The U.S. Economy Is Now A Giant Bubble. A ‘Pop’ Could Be a Disaster.”

“It has long been said that when America, still the world’s largest economy, catches a cold, the rest of the world economy catches pneumonia. With America now engaged in a budget and monetary policy stimulus experiment of epic proportions, the rest of the… Continue Reading…

Economy

“Goldman Sachs predicts U.S. economy will grow 8% this year”

“Economists at Goldman Sachs raised their GDP growth expectations for the U.S. economy to 8% for 2021 in a note to clients on Sunday night… What they’re saying: “We have raised our GDP forecast to reflect the latest fiscal policy news… Continue Reading…

Economy

“Job openings rise, layoffs fall as pandemic economy mends”

“Hiring actually began to pick up in February, according to last Friday’s jobs report, which showed that employers added 379,000 jobs, the most since October, while the unemployment rate fell to 6.2%, from 6.3%. While the economy still has 9.5… Continue Reading…

Economy

“India could be back as the world’s fastest growing economy this year”

“After plunging into recession for the first time in nearly a quarter of a century, India’s economyshouldcome roaring back to life in 2021.India’s gross domestic product is projected to expand by 12.6% during the country’s fiscal year starting in April, according toa… Continue Reading…

Economy

“Why The Global Economy Is Recovering Faster Than Expected”

“…In the spring, previously unimaginable shutdowns pushed economic activity to unimaginable lows…. While the stronger-than-expected recovery aligns with the business experience of many leaders we speak with, they still wonder what drove the gap between expectations and reality…” https://hbr.org/2020/11/why-the-global-economy-is-recovering-faster-than-expected Listen,… Continue Reading…

Economy

“Oil prices up more than $1 on growing global economy optimism”

“Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge U.S. stimulus package and on hopes for improving oil demand as vaccines are rolled out. Brent crude futures for May rose… Continue Reading…

Economy

“Bars selling alcohol after 11 p.m. again is good for the economy, tourists say”

[MYRTLE BEACH, S.C.] “The “last call” order went into effect in July which prohibited restaurants and bars from selling alcohol after 11 at night. Its purpose was to slow the spread of the coronavirus and it prevented one Myrtle Beach… Continue Reading…

Economy

“India’s Economy Exits Deep Recession as Fledgling Recovery Strengthens”

” After plunging into one of the worst recessions of any major economy, India is showing signs of a modest comeback. But that recovery is uneven, and the country is still struggling to find ways to sustain growth. Its service sector… Continue Reading…