Falling fertility rates pose major challenges for the global economy
[ad_1] Terry Vine | Getty Images Falling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study. By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies per female, research […]
Switzerland becomes first major economy to cut interest rates in surprise move
[ad_1] The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg | […]
This Week in Long Covid: Nature Fires Salvo of Four Major Papers
[ad_1] By Lambert Strether of Corrente Science is popping! Nature’s editors[1] and reviewers must have had quite at time doing all these papers more or less at once. And it’s certainly encouraging to see Long Covid[2] getting major play. In this simple post, I’ll present the most salient features of each of the four studies […]
First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision
[ad_1] The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according to a big upward revision Thursday from the Commerce Department. Gross domestic product increased at a 2% annualized pace for the January-through-March period, up from the previous estimate of 1.3% and ahead of the 1.4% Dow Jones consensus forecast. […]
Brits are facing a major mortgage crisis as lending rates soar
[ad_1] Houses pictured on 8th June 2023 in Halifax, United Kingdom. U.K. borrowers are facing sharply higher mortgage costs. Mike Kemp | In Pictures | Getty Images LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as rising mortgage costs hit deal renewals and the number of products available shrinks, […]
Scrutiny of major crypto institutions is intensifying
[ad_1] The crypto crowd is hardly known for understating its own importance. Its members dubbed the implosion of ftx, the crypto exchange which collapsed spectacularly in November, the industry’s “Lehman Brothers moment”, a nod to the enormous ramifications of the fall of the investment bank. Now they say the industry is going through its “Dodd-Frank […]