Mar 16 Climate change is already disrupting the global supply chain. Here’s how By Jacques Leslie, Yale Environment 360 The impact of the COVID pandemic on the global supply chain has been widely reported. But extreme weather, from floods to wildfires, is increasingly hammering ports, highways, and factories worldwide, and experts warn these climate-induced disruptions will only get worse. Continue reading
Mar 02 Watch 6:37 How high could gas prices go as sanctions ratchet up on Russia? By William Brangham, Karina Cuevas, Courtney Norris As nations increase economic pressure on Russia, President Biden has warned that some of those moves could also end up hurting U.S. consumers, especially at the gas pump. Gas prices are already high, further pinching consumers who are also dealing… Continue watching
Feb 27 In Russia, economic consequences of invasion begin to emerge By Associated Press Videos from Russia showed long lines of Russians trying to withdraw cash from ATMs, while the Russian Central Bank issued a statement calling for calm, in an effort to avoid bank runs. Continue reading
Feb 24 Putin warns that the West shouldn’t ‘push’ Russia out of the global economy By Associated Press Speaking at a Kremlin meeting with businesspeople Thursday, President Vladimir Putin said “Russia remains part of the global economy and isn’t going to hurt the system that it is part of as long as it remains there.”… Continue reading
Oct 19 Energy crunch hits global recovery as winter approaches By David McHugh, Colleen Barry, Joe McDonald, Tatiana Pollastri, Associated Press The world is facing energy crunch, as countries use more energy as they rebound from the coronavirus pandemic, straining gas, oil and other fuel supplies. Continue reading
May 04 U.S. trade deficit hit record $74.4 billion in March By Martin Crutsinger, Associated Press The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods. Continue reading
Apr 30 Europe’s economy shrinks in first quarter as U.S. rolls ahead By David McHugh, Associated Press Europe's economy shrank 0.6% in the first three months of the year as slow vaccine rollouts and extended lockdowns delayed a hoped-for recovery - and underlined how the region is lagging other major economies in rebounding from the coronavirus pandemic. Continue reading
Apr 06 IMF upgrades forecast for 2021 global growth to a record 6 percent By Paul Wiseman, Associated Press The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast. Continue reading
Dec 01 Glimmers of hope for world economy, but dangers lurk By Jeffrey Schaeffer, Alex Turnbull, Associated Press The Organization for Economic Cooperation and Development predicted Tuesday that the world economy will bounce back to its pre-pandemic levels by the end of next year, but that recovery will be uneven across the countries. Continue reading
Sep 16 Report finds global economic outlook not as bad as expected By Associated Press The global economy is expected to rebound and grow by 5 percent next year, the Organization for Economic Cooperation and Development said in a report. Continue reading