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Afghanistan Faces Economic Shock as Sanctions Replace Foreign Aid

WASHINGTON — As the Taliban attempt the precarious shift from insurgent movement to functioning government, Afghanistan is facing the heightened risk of a financial collapse after being propped up for the past two decades by foreign aid that now accounts for nearly half its legal economy. The fate of the Afghan economy will be determined […]

Mexico’s Move to Shunt out Neoliberal Agenda Holds Lessons for India

President Lopez Obrador of Mexico in his inaugural speech itself had called neoliberalism a “disaster” and a “calamity”. The Leftist political party, MORENA, to which he belongs, had stated in its programme: “The global economic crisis has revealed the failure of the neoliberal model. The economic policy imposed by the international financial organisations leads to […]

Bangladesh factories open as economic worries trump virus

DHAKA, Bangladesh — Bangladesh is suffering through its deadliest surge of the pandemic, but you wouldn’t know it looking at its factories, markets and malls. The South Asian nation home to 165 million people has done away with most virus restrictions, allowing businesses to reopen to enthusiastic crowds following weeks of strict measures put in […]

CityScrapes: An open welcome letter to San Antonio’s new economic development director

click image Facebook / Six Flags Fiesta Texas San Antonio has used tax abatements to lure theme parks. When it comes to real economic benefits, the… Read more…

Will King Dollar lose his crown?

“Will the fall of Kabul now bury belief in a world led by the US as its sole superpower?”, asks Louis-Vincent Gave of Gavekal Research. Can “US military prestige survive a defeat at the hands of untrained farmers driving Toyota pickups?” The US has bounced back from military disaster before. But events in Kabul could […]

COVID and Supply Chain Concerns Limit U.S. Economy Growth

The full-year 2021 real GDP growth forecast has been revised modestly downward due in part to the expectation that COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecast, according to the August 2021 commentary from Fannie Mae’s Economic and Strategic […]

European stock markets tumble on Covid support concerns | Stock markets

European financial markets have fallen sharply on fears that central banks will start tapering their emergency Covid-19 support packages, despite slowing growth in the world economy. In London, the FTSE 100 fell by 2.3% in morning trading on Thursday, before recovering some ground to close 1.5% downat 7,058, as share prices tumbled across the continent […]

Why The Financial And Economic Crises Continue

On August 15, 1971, President Richard Nixon severed the dollar’s link to gold. This episode of What’s Ahead explains how this decision has cost the economy trillions of dollars in lost growth and why a gold standard is crucial for higher long-term growth. If after that fateful day the U.S. had maintained the average rate […]

Retail Sales Fell in July, Highlighting a Rocky Economic Recovery

E-commerce July’s spending numbers also likely reflected dampened e-commerce sales, because Amazon’s Prime Day promotions, which can drive online spending in the summer, took place in June this year instead of July. Credit card spending data declined 1.3 percent in July from June, a drop that analysts at Bank of America attributed last week to […]

FOREX-U.S. dollar dips from 4-1/2-month high after Fed minutes, last flat on the day

* Fed minutes show no decision made on bond taper * U.S. housing starts fall, weighs on dollar (Adds new analyst comment, Fed minutes release, updated prices) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 18 (Reuters) – The dollar slipped from 4-1/2-month highs to trade little changed on Wednesday after minutes of last month’s Federal Reserve […]