The World Bank has slashed its 2024 economic growth forecast for the United States by half, predicting that the resilient U.S. consumer is about to weaken “substantially” while warning of “new hazards” that threaten to “make matters worse” for the world. The group’s latest Global Economic Prospects report paints a gloomy picture of economic growth…
LIVE NOW: US Perspectives on Global Migration: An American Enterprise Institute Event
May 15, 2023
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In an event held by American Enterprise Institute (AEI) at 2:00 p.m. ET on May 15, Quy-Toan Do of the World Bank, Katie Tobin of the National Security Council, Alex Nowrasteh of the Cato Institute, and Tara Watson of the Brookings Institution discuss the 2023 edition of the World Bank’s annual World Development Report and its focus:…
US Perspectives on Global Migration: An American Enterprise Institute Event
May 15, 2023
admin
economyEpochTVEpochTV LiveGlobal MigrationInternationalLive VideosNational SecurityNational Security CouncilPolicies & ImpactsUSUS NewsVideoWorldWorld BankWorld Development Report
0 Comment
In an event held by American Enterprise Institute (AEI) at 2:00 p.m. ET on May 15, Quy-Toan Do of the World Bank, Katie Tobin of the National Security Council, Alex Nowrasteh of the Cato Institute, and Tara Watson of the Brookings Institution discuss the 2023 edition of the World Bank’s annual World Development Report and its focus:…
LIVE 2 PM ET: US Perspectives on Global Migration: An American Enterprise Institute Event
May 15, 2023
admin
economyEpochTVEpochTV LiveGlobal MigrationInternationalLive VideosNational SecurityNational Security CouncilPolicies & ImpactsUSUS NewsVideoWorldWorld BankWorld Development Report
0 Comment
In an event held by American Enterprise Institute (AEI) at 2:00 p.m. ET on May 15, Quy-Toan Do of the World Bank, Katie Tobin of the National Security Council, Alex Nowrasteh of the Cato Institute, and Tara Watson of the Brookings Institution discuss the 2023 edition of the World Bank’s annual World Development Report and its focus:…
IN-DEPTH: Biden’s World Bank Pick Has Ties to Chinese Company That Owns TikTok
President Joe Biden’s pick to lead the World Bank has business links with China. Ajay Banga is currently the vice chairman at General Atlantic, a major investor of ByteDance. ByteDance is the Chinese company that owns TikTok, an app that has drawn heightened security concerns over its ties with the Chinese Communist Party. During Banga’s…
Former UK Prime Minister Calls for World Bank Reforms to Counter Beijing
April 18, 2023
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Former British Prime Minister, David Cameron, has called for reforms at the World Bank and the International Monetary Fund (IMF) to counter Beijing’s influence. He warned that the United Kingdom also risks losing out to communist China unless it steps up foreign aid assistance, Cameron wrote in The Sunday Telegraph on April 15. “Through its…
IMF Director Urges ‘Cool-Headedness’ Amid Growing Global ‘Fragmentation’
April 17, 2023
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During last week’s Spring Meetings, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), expressed concerns about “fragmentation”—the global economy splintering into rival trading blocs—warning that it could worsen the global inflation crisis. The IMF chief attributed this risk to a combination of factors, including the ongoing war in Ukraine and flaws in the…
World Bank Says Economic Recoveries in East Asia Are Losing Steam
March 31, 2023
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The World Bank said that Asian economies are beginning to lose steam after making a recovery from the pandemic. The smaller economies in East Asia, which have largely regained their pandemic-era losses, are now facing a stalled recovery as productivity begins to lag, according to a World Bank report from March 31. Across the Asia-Pacific…
What’s Going on With Mortgage Rates in 2023?
With the 2022 mortgage rate peaking at 7.12 percent and inflation at 6.5 percent by the end of December 2022, it was a tumultuous economic year. The hot housing market slowed down in many markets primarily due to high mortgage rates. But what will 2023 bring for mortgage rates? Is there relief on the way?…
The World Bank Takes a Wrong Turn
March 1, 2023
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Commentary President Biden’s nomination of Ajay Banga, the former CEO of Mastercard, to succeed David Malpass as World Bank president suggests that the Biden administration is prioritizing climate change over the World Bank’s founding mission of poverty eradication and economic development. This was made clear in the president’s statement singling out climate change as the most urgent…
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