“There’s zero reason to be concerned about the short-term macroeconomic impact of the deficit,” said Harvard University economist Jason Furman, a former economic policy adviser to Obama. “Interest rates are very low. The Fed has a lot of tools to ensure that they stay very low, and th...
FOX Business host Larry Kudlow gives his take on government spending and economic policy. The U.S. budget deficit is expected to reach $3 trillion again this year, according to the Congressional Budget Office, a 33% increase from its previous projection as it takes into account President Biden...
For each of the four budget component projections (outlay,revenue,deficit, anddebt), the code produces three output files: [component]_actuals_pct_GDP.csv These output files contain the actual values for each budget component projection as a percentage of GDP for each year. ...
Bret Kenwell, US analyst at investment platform eToro, warned in mid-November 2024 that it’s important not to overlook the US CPI projection. “Inflation worries seem to have gone out the window given the recent rate cut and the election outcome,” he said. “However, it’s still very ...
Disease:Attention-deficit/hyperactivity disorder Company:Takeda Pharmaceutical Company 2022 U.S. sales:$2.53 billion (335 billion Japanese yen) Expected generic entry:August 2023 Takeda is defending its key brands on multiple fronts this year, but it’s the loss of exclusivity onVyvanse—the Japanese...
The share of USD-denominated foreign exchange reserves dipped to 59.2%, according to the IMF’s COFER data released on December 31 for Q3 2023. For the past 20 years, the USD’s share has been on a slow downward trend, with other currencies nibbling at it from ...
China remains one of Europe's top trading partners, with China being the EU's third-largest export destination and the EU holding the largest trade deficit with the country. A strengthening Chinese economy could boost demand for European imports, potentially lifting EURUSD. However, current economi...
or domestic assets. No other option is possible. The first two ways would change nothing for either China or the United States. The second two ways would change nothing for China but would cause the U.S. trade deficit to decline, either in ways that would reduce U.S. unemployment or in...
The definition of dry conditions used in this study is based on persistent dry spell events, which are continuous days with low precipitation lasting several days to several weeks rather than long-term drought events that develop slowly due to precipitation deficit propagation over months or even ye...
Scotland’s net fiscal deficit — the difference between revenue and public expenditure — has widened on the back of lower North Sea oil and gas revenues, according to data published on Wednesday. The net fiscal balance grew to £22.7bn, or 10.4 per cent, in the 2023-24 period, up fro...