And the public spending that put a floor under the pandemic slump is increasingly seen as vital for a sustained recovery too. When it looks like drying up, as it did in the U.S. last week, investors start to worry.
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"Bloomberg Economics' baseline forecast for global growth is a 4.5% contraction in 2020, followed by a 4.8% expansion in 2021 bringing output back to its level before the virus struck. That baseline view assumes that rising cases in Europe and the U.S. dent but don't destroy the recovery, that the U.S. delivers additional fiscal stimulus in 1Q21, and that a vaccine is widely distributed by mid-2021."
Not to change the topic here:
Where Kamala Harris Studied Economics : Planet Money : NPR
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Jahvon Coney, a junior at Howard who is majoring in economics, is now president of the society. While the cameras focused on Harris at her first campaign event, he says, excitement spread through the university that she was there, right next to the campus Starbucks. "We weren't given any heads-up about it or else the entire school would have been there," Coney says.
Economists are more like storytellers than scientists – don't let the Nobel for 'economic
Carolin Benack does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
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Federal Reserve Chairman Jerome Powell's speech at the National Association for Business Economics on Oct. 6 is a case in point. In the first two minutes alone he referred to a dizzying range of economic indicators: growth, unemployment rate, personal consumption expenditures inflation, labor force participation, productivity gains, real wage gains and so on.
Europe's Economic Recovery Is a Summer Memory - The New York Times
LONDON — What faint hopes remained that Europe was recovering from the economic catastrophe delivered by the pandemic have disappeared as the lethal virus has resumed spreading rapidly across much of the continent.
Earlier in the week, France, Europe's second-largest economy, downgraded its forecast for the pace of expansion for the last three months of the year from an already minimal 1 percent to zero. Over all, the national statistics agency predicted the economy would contract by 9 percent this year.
Other things to check out:
Willoughby: Understanding silver mining in Aspen, Part II – economics | AspenTimes.com
The economics of Aspen's silver era may be best understood when compared with today's oil market. Standard rules of supply and demand apply to both commodities, and these two products of the underground play a role in the overall economy.
Investors trade oil by the barrel on public markets, and bet on their future prices. As a universal product easily traded between countries, oil acts as a proxy for international currency. For years Saudi oil traded not in U.S. dollars, but in gold. Silver held similar trading value. In addition to utilitarian uses for jewelry, utensils, and decorative items such as candleholders, silver worked as currency, both in coinage and as collateral to back paper money.
Economics Prize wraps up unusual Nobel season - France 24
Work on inequality, economic psychology, auctions, health economics and labour markets are some of the favourites as Monday's economics prize closes an unusual Nobel season nearing the record of women laureates in one year.
This year's final prize, officially the Sveriges Riksbank (Sweden's central bank) Prize in Economic Sciences in Memory of Alfred Nobel, will be announced at 11:45 am (0945 GMT) on Monday.
Who'll get the Nobel Prize in Economics for 2020?
The truth is that there is no Nobel Prize in Economics, yet it is the most prized of the Nobels. Winners of these prizes often acquire the voice of god in the intellectual discourse of nations.
What is thought of as the Nobel Memorial Prize in Economic Sciences, is officially the Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel. It is administered by the Nobel Foundation established by the Swedish inventor of dynamite.
Analysis: China is winning the global economic recovery - CNN
Happening on Twitter
The next big shift in economics is taking shape under Covid-19's shadow https://t.co/7zOUjwsc5r https://t.co/z5GuFz9vxr business (from New York and the World) Sun Oct 11 21:13:04 +0000 2020
A rare regime-change in economic policy is under way that's edging central bankers out of the pivotal role they hav… https://t.co/cglTKgQgVL business (from New York and the World) Sun Oct 11 12:33:20 +0000 2020
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