Canada is currently experiencing anemic economic growth, meaning there is a slowdown in the total production of goods and services per capita. The real GDP growth forecast for 2024 is 0.7 per cent. Despite this, American economist Tyler Cowen recently wrote that Canadians have nothing to worry about when it comes to the economy. While […]
Silicon Valley and Shenzhen, China, will get all the growth from AI if other regions don’t invest now to compete
The 21st century has witnessed an unprecedented surge in technological advancements, with artificial intelligence emerging as a worldwide transformative force across the economy. The integration of AI-based technologies into regional economies through the manufacturing and design of goods such as smartphones and smart speakers has sparked significant changes, leading to increased efficiency, innovation and economic […]
Why Israel’s economy is resilient in spite of the war
Israel’s war in Gaza and more limited conflict with Hezbollah on its northern border with Lebanon is taking a toll on the Israeli economy. In the final quarter of 2023, Israel’s gross domestic product (GDP) – a measure of a country’s economic health – shrank by almost 20%. Consumption dropped by 27% and investment by […]
Indians are fleeing their growing economy to work abroad – even in conflict zones. Here’s how to create more jobs at home
Israel plans to bring in 70,000 workers from abroad, including 10,000 from India, to boost its construction sector. A labour shortage has emerged after 80,000 Palestinian workers were barred from entering the country after the October 7 Hamas-led attacks. Figures suggest that India is one of the fastest-growing economies in the world. Between July and […]
A hawkish Fed signals further rate hikes and sees a slowing economy – but not recession
The U.S. Federal Reserve hiked its benchmark interest rate by a further three-quarters of a percentage point on July 27, 2022. The jump was expected by most economists, although some had thought the central bank would go further in its attempts to put the brakes on soaring inflation and impose a full point increase. The […]