The decline in US GDP reported for the first quarter is not a big deal, and it is very possible that it will be reversed when the data is revised over the next two months. But it is the wrong direction. If Donald Trump envisions that we will surpass China and retake the leadership as the world’s dominant economy, we are so far going the wrong way.
EU politics
Scott Lavery – Europe’s Core
Germany in particular is highly exposed to geoeconomic rivalry around key technologies such as semiconductors. The EU’s attempts to protect its industrial core are not convincing. In New Left Review’s ‘Sidecar’. Read the article HERE.
Economics
Bill Mitchell – Is the $US900 billion stimulus in the US likely to overheat the economy
Comments made last week by the former Clinton, Obama and now Biden economist Lawrence Summers contesting whether it was sensible for the US government to provide a $US2,000 once-off, means-tested payments was met with widespread […]
Economics
Larry Elliot: Corbyn’s Build it in Britain plan isn’t radical – it’s what other countries do
‘Value for money’ for public contracts is a colossal failure. Labour’s leader is right: the state should support manufacturing Read here
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