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China and the emerging markets no longer key engine of global growth

Oct 19, 2018
What goes up must come down. In the case of the Chinese economy, what grows like an economic weed inevitably starts to slow down. Today we learned China grew by a mere 6.5 percent the latest quarter. The country’s lowest growth since the Great Recession. You might be tempted to blame that on China’s current […]

IMF forecasts slower global growth

Oct 9, 2018
The International Monetary Fund said Tuesday it’s shaving off some of its earlier optimism about world economic growth over the next couple years. It has downgraded its growth forecast for this year from 3.9 percent to 3.7 percent, and for next year, the IMF has ticked the world’s growth down from 2.7 percent to 2.5 […]

Two Americans won the Nobel Prize in economics. Who are they?

The work of William Nordhaus focused on climate change, while Paul Romer examined tech factors in calculating economic growth.
Per Stroemberg, Goeran K Hansson and Per Krusell announce the laureates of the Nobel Prize in Economics during a press conference at The Royal Swedish Academy of Sciences in Stockholm on October 8, 2018. - The Nobel Prize for Economic sciences 2018 was awarded US economists Paul M Romer and William D Nordhaus. 
HENRIK MONTGOMERY/AFP/Getty Images

Why housing sales are stalling

Sep 25, 2018
Economic growth has been accelerating this year — unemployment is low, wages have been edging up and so has consumer spending. So you’d think the housing sector, which usually benefits from favorable conditions for consumers and working people, would be booming right now. But what was looking like a really good year for housing sales […]

Amazon hopes to grow in India with a Hindi website

Sep 5, 2018
The company, which just reached $1 trillion in market value, is trying to tap into a market of 1.3 billion people.
An Indian security guard walks inside Amazon's largest Fulfillment Centre (FC) in India, on the outskirts of Hyderabad on September 7, 2017.
NOAH SEELAM/AFP/Getty Images

Labor shortage = labor shortage

May 17, 2018
The latest birth rate numbers are out from the Centers for Disease Control and Prevention, and Americans, you are not being fruitful and multiplying. Last year saw the lowest number of births in 30 years. That dearth of babies has a lot of repercussions for the future — a smaller active labor force would mean […]

Stagflation, explained

Apr 26, 2018
Inflation is kicking into gear. But it’s not clear economic activity will shift much higher. Higher prices and slow growth are some key ingredients for “stagflation.”  Is that where we’re headed? Click the audio player above to hear the full story. 

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Forecast is sunny for business

Apr 23, 2018
But economists say more hiring and bigger profits ahead have little to do with tax cuts.
U.S. House Speaker Paul Ryan (R-WI), flanked by Republican lawmakers, speaks during an enrollment ceremony for the conference report to H.R. 1, the Tax Cuts and Jobs Act that was passed by the House and Senate, on Dec. 21, 2017, in Washington, D.C.
Mark Wilson/Getty Images

IMF bumps up U.S. growth projections for 2018

Apr 17, 2018
The International Monetary Fund raised its growth target for the American economy today to 2.9 percent. That’s very close to the three percent forecast the Trump administration promised.  In a conversation about President Donald Trump’s tax cuts and the overall state of the economy on Fox News this morning,  Trump’s top economic adviser Larry Kudlow said we […]

So what's the Fed forecasting in the near economic future?

Apr 13, 2018
Also: some more of that — now familiar — trade talk.
U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference March 21, 2018 in Washington, D.C. 
Alex Wong/Getty Images