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US demographic change will have broad economic effects

Location:

UNITED STATES

This has implications for the size of the workforce and the living standards that the US economy is capable of supporting. It will also have broader consequences for the US…

Demographic-focused policies would raise global growth

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INTERNATIONAL

The end of population growth in many countries threatens GDP growth prospects, while the rise in life expectancy and an expanding dependent population threaten fiscal…

Australian income tax changes will have limited impact

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AUSTRALIA

Labor’s changes reduce help for higher earners and instead prioritise workers on low and middle incomes. Parties on the political right have condemned the move, but opinion polls…

COVID-19 may trigger an ideological shift over decades

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INTERNATIONAL

Research by Thomas Piketty shows that a form of free-market ideology has been a key driver of rising income inequality since the 1980s. The airing of alternative ideas, the…

Dependency ratios overstate economic impacts of ageing

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INTERNATIONAL

The standard measure of the challenge -- the ratio of the non-working-age population to those of working age -- can vary considerably from the actual number of non-workers to…

Taxes offer an alternative to tariffs

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INTERNATIONAL

Goods trade and redistribution.

Rising US joblessness and social discord threaten GDP

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UNITED STATES

Rates of disability fell from 2010 to early 2020 and rates of drug overdoses began to stabilise as the persistently unemployed were drawn back into employment, particularly…

More jobs for Middle East women could boost growth

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MIDDLE EAST

It launched the annual forum of ‘Top CEOs’, reflecting rapid changes in Riyadh’s policy over the past year. Saudi Crown Prince Mohammed bin Salman aims to increase female…

Prospects for the global economy to end-2021

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PROSPECTS H2 2021

However, supply is struggling to keep pace with demand, and dislocation effects plus shortages of some critical goods and workers are raising prices. GDP growth forecasts for 2021…

Domestic demand will drive Belgium’s GDP growth

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BELGIUM

Belgium’s competitiveness has been undermined by the indexation of wages to inflation and its GDP growth has trailed that of the euro-area since 2015. However, a tax and economic…