Who Is Really Manufacturing Scarcity?* "We live in an age of manufactured scarcity." So begins the manifesto published in the Guardian on 10 June under the headline "We economists have done the maths: 'growth' is a doomed strategy" — signed by Olivier De Schutter, Joseph https://t.co/eZFZhbmuJj #ManufacturedScarcity #EconomicGrowth #SustainableFuture #Nospecificcountrycodesarementionedinthetweet.
Het is pijnlijk om te zien hoe extreemlinkse economen de feiten verdraaien, economische successen miskennen en oproepen voor een communistisch regime waarvan we weten dat het welvaart en geluk zal vernietigen. Hopelijk beseffen de media dat ook. "We Economists" = "Our small group of extreme leftist economists"/ https://t.co/h3em7wVujH #Economie #ExtreemLinks #Media
🇨🇳 #China’s inflation numbers in May suggest that core inflation remains weak even as producer prices accelerated, suggesting that more work needs to be done to boost consumption, the Economic Daily reports, citing economists. ➡ The consumer price index rose 1.2% in May from a #China #Inflation #Economy #CN
🇪🇺 #ECB Risks Repeating 2011 Mistake With Rate Hike, Economists Warn - Bloomberg https://t.co/s4p34Bwohv https://t.co/N3O2i7bgtY #ECB #RateHike #Economists #EU
A majority of economists expect the Bank of Japan to raise its key interest rate to 1.0% in June amid increasing inflation concerns linked to the war in Iran, highlighting a shift in monetary policy to address rising prices and currency depreciation. #InterestRates #MonetaryPolicy #Inflation #JP #IR #US #EU
The Bank of Japan is expected to raise its key interest rate to 1.0% in June, as nearly two-thirds of economists predict a hike amid rising inflation concerns fueled by the war in Iran, while also facing pressure to support the yen and address economic overheating risks. #InterestRates #MonetaryPolicy #Inflation #JP #IR #US #EU
A Reuters poll indicates that nearly two-thirds of economists anticipate the Bank of Japan will increase its key interest rate to 1.0% in June to address inflation concerns driven by the Iran war, despite differing opinions among board members and ongoing pressures related to currency interventions. #JapanEconomy #InterestRates #Inflation #JP #IR #US #EU
Indian Prime Minister Narendra Modi has urged citizens to refrain from purchasing gold for one year to conserve foreign exchange and address economic challenges, as the country faces rising oil prices and import costs, a measure that significantly impacts the culturally significant gold market and has drawn mixed reactions from jewelers and economists. #India #Gold #Economy #IN #LK #TH #EG #MZ
A recent Reuters poll indicates that the Bank of England will likely maintain borrowing costs at 3.75% this year, although over a third of economists anticipate at least one rate hike due to inflationary pressures stemming from the Iran war, while financial markets predict two increases; the central bank remains cautious amid tightening financial conditions and ongoing political uncertainties in the UK. #BankofEngland #Inflation #EconomicOutlook #GB #IR
In April, wholesale prices in the U.S. surged by 1.4 percent—the fastest increase in four years—boosted by rising energy costs due to the ongoing war with Iran, leading economists to anticipate a potential uptick in consumer price inflation in the coming months. #Inflation #Economy #SupplyChain #US #IL #IR
The onset of the Iran war has shifted the U.S. interest rate outlook from expectations of cuts to a hawkish stance, with rising inflation and a stable yet fragile labor market prompting analysts to revise their predictions, as many now anticipate that the Federal Reserve will either maintain or raise rates rather than lower them, despite some dissenting economists still advocating for potential cuts this year. #InterestRates #Economy #Inflation #US #IR
During an event in Secunderabad, Indian Prime Minister Narendra Modi urged citizens to take measures for savings, including avoiding gold purchases for the next year, in response to the ongoing energy crisis exacerbated by the Iran conflict, a call echoed by Union Minister Ashwini Vaishnaw to reduce import costs and conserve foreign exchange reserves, a situation concerning economists due to India's rising gold imports and their impact on the economy. #Economy #GoldImports #India #IN #IR #PK #US #ID
Prime Minister Modi's appeal may seem unusual at first glance, especially in a country where gold is deeply rooted in tradition and family ceremonies, but economists suggest it reflects a significant concern over the ongoing global energy crisis exacerbated by the war in Iran, which is impacting India's foreign exchange reserves and weakening the rupee against the dollar. #EconomicCrisis #India #GoldTradition #IN #IR
China's export growth accelerated in April, driven by demand from AI-related industries and heightened concerns over input costs due to the Iran war, contributing to a widening trade surplus with the U.S. and prompting economists to monitor the sustainability of this momentum amid rising energy prices and domestic consumption challenges. #ChinaTrade #AIManufacturing #GlobalEconomy #CN #US #IR #GB #TW #BR
The article discusses the dramatic increase in the U.S. national debt, now exceeding $31 trillion, reflecting a significant shift in public and political attitudes toward government borrowing, which, despite warnings from economists about its long-term implications, has become less concerning for both voters and lawmakers. #NationalDebt #Economy #PoliticalChange #US #CA #IR #IQ #LB #GB #ID #FR #TR #SY #CN
In April, the US economy added 115,000 jobs, surpassing expectations and maintaining an unemployment rate of 4.3%, while economists noted mixed signals in wage growth and labor market participation, leading to predictions of potential job growth slowing and a possible increase in the unemployment rate by year-end. #USEconomy #JobMarket #EmploymentTrends #US #IL #IR
The article highlights the dramatic rise in the U.S. national debt, now exceeding $31 trillion, while noting a significant change in public and political attitudes towards debt; once viewed as a serious crisis requiring immediate action, it has become a topic of apathy despite growing economic risks and warnings from economists about the potential for default and hyperinflation if new fiscal strategies are not implemented. #NationalDebt #Economy #FiscalPolicy #US #CA #IR #LB #GB #ID #FR #TR #SY #CN #KE
India's consumer inflation is expected to rise to 3.80% in April from 3.40% in March due to higher fuel prices stemming from the U.S.-Iran conflict, according to a Reuters poll of economists, while persistent global energy costs may pressure the Reserve Bank of India to eventually increase interest rates despite a recent trend of subdued inflation. #Inflation #Economy #EnergyPrices #IN #US #IR
The latest U.S. jobs data reveals low unemployment and strong hiring trends, but concerns linger over a stagnant labor market and the potential impact of artificial intelligence on job sustainability, leading economists to question whether fears of an impending "jobpocalypse" are exaggerated. #JobMarket #EmploymentTrends #ArtificialIntelligence #US
