The Kremlin on Thursday said Russia’s economy was experiencing a “shock,” after the U.S. and its allies imposed sanctions on the country. The Russian government said that efforts are being made to minimize the impact of crippling economic sanctions imposed on Moscow. “Our economy is experiencing a shock impact now […]
economy
Ukraine War Means Another Supply Shock to Global Economy, the Last Thing It Needs
Russia’s invasion of Ukraine threatens to restrict global energy supplies, with the resulting rise in oil and natural-gas prices likely to hit Europe hard and potentially ripple out to the U.S. and other global markets. It’s the last thing the global economy needs: Another “supply shock,” or a sudden shortage […]
Harvard economist and former Obama advisor says Russia is ‘basically a big gas station’ and is otherwise ‘incredibly unimportant’ in the global economy
Russia’s President Vladimir Putin signed decrees to recognize the independence of Donetsk and Luhansk. Moscow ordered troops into these areas on Monday, escalating the prospect of war between Russia and Ukraine.Alexei Nikolsky/TASS via Getty Images Jason Furman said Russia’s economy is “unimportant” other than gas, The New York Times reported. […]
Portraits of America’s pandemic economy
The pandemic’s effect on the US economy has been unmistakable: America suffered the starkest job losses since the Great Depression, supply chains ruptured, and lives were devastated by immense personal and financial hardship. And now, high inflation is only compounding the problem. But it hasn’t been all bad news. While […]
This economic weapon could cut Russia off from ‘the 21st century economy’
In addition to the severe sanctions that Joe Biden has promised, the White House says it’s ready to deploy another economic weapon if Vladimir Putin goes ahead with his planned invasion of Ukraine. That weapon, the Export Administration Regulations (EAR), allows the Biden administration to ban foreign and domestic companies […]
Public’s Top Priority for 2022: Strengthening the Nation’s Economy
Pew Research Center conducted this study to understand which issues the public views as most important for the president and Congress to prioritize in the coming year. For this analysis, we surveyed 5,128 U.S. adults in January 2022. Everyone who took part in this survey is a member of the […]
Africa’s largest economy, Nigeria, tops growth forecasts | Business and Economy News
Nigeria’s gross domestic product expanded 3.4 percent last year, after shrinking 1.92 percent in 2020. By Ruth OlurounbiBloomberg Published On 17 Feb 202217 Feb 2022 Nigeria’s economy grew faster than forecast by the central bank and government last year after an expansion in the agriculture and trade industries in the fourth […]
Biden’s economy drags US to all-time low in Heritage freedom index rating
Check out what’s clicking on FoxBusiness.com. FIRST ON FOX: The U.S. economy under President Biden plunged to an all-time low, according to the Heritage Foundation’s annual Index of Economic Freedom. “This year’s Index of Economic Freedom paints a disturbing picture, both at home and abroad,” Heritage President Kevin Roberts said […]
Economy Week Ahead: Trade, Inflation, Layoffs
Inflation is expected to hit a multidecade high in January as the U.S. economy continues to work through pandemic-related supply and demand imbalances. Photo: Richard B. Levine/Zuma Press By WSJ staff Feb. 6, 2022 3:00 pm ET U.S. inflation data highlight this week’s slate of economic releases. Tuesday The U.S. […]
Boris Johnson Bungles the British Economy
British Prime Minister Boris Johnson visits the technology centre at Hopwood Hall College in Middleton, Greater Manchester, England, Feb. 3. Photo: Jason Cairnduff/Associated Press If Boris Johnson were trying to goad his Tory colleagues into ousting him as U.K. Prime Minister, he couldn’t do better than the response his government […]