News
Bloomberg | World Bank Cuts Global Growth Forecast After ‘Bumpy’ 2014 Start
The World Bank cut its global growth forecast amid weaker outlooks for the U.S., Russia and China, while calling on emerging markets to strengthen their economies before the Federal Reserve raises interest rates.
Bloomberg | Lew Urges Policy Changes to Strengthen U.S. Growth Potential
Treasury Secretary Jacob J. Lew said the U.S. needs to boost the economy’s capacity to grow so the benefits are shared more widely, as unemployment is “still too high” and wages are lagging.
Econ Comments & Analysis
CNN Money | How North Dakota's economy doubled in 11 years
Fueled by a massive oil boom, the state's economic output has more than doubled in just 11 years, according to Bureau of Economic Analysis data on state gross domestic products (GDP) released Wednesday.
Washington Times | Satisfied with mediocrity
The government reported last week that the economy created only 217,000 jobs in May, with hardly a peep of serious complaint from the White House or Democrats in Congress.
WSJ | Treasury Secretary Lew Warns of Lower Potential Economic Growth
U.S. Treasury Secretary Jacob Lew said Wednesday that the country faces the possibility of a permanent downshift in economic growth unless businesses increase investments, the workforce is improved and infrastructure woes are fixed.
NBER | Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis
The financial crisis and ensuing Great Recession left the U.S. economy in an injured state. In 2013, output was 13 percent below its trend path from 1990 through 2007.
AEI | Europe in Denial
Among the more glaring weaknesses in European policymaking over the past few years has been the complacency of its political elite. Sadly, today, despite clear evidence that the European political center is crumbling, the European political elite manages to convince itself that this is but a fleeting phenomenon of no great significance.
