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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…

US purse strings strained by short-term sweeteners

Location:

UNITED STATES

In its biannual ten-year projections released on April 9, the Congressional Budget Office (CBO) foresaw the budget deficit averaging 4.9% of GDP from 2019 to 2028, an increase…

Australia budget reversal may accelerate downgrade

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AUSTRALIA

The Australian federal budget, delivered on May 9, attempts to revive the electoral prospects of the Liberal-National Coalition government. The timeline for a return to surplus is…

Puerto Rico debt deal could hasten economic recovery

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PUERTO RICO

This provides a 25-year debt servicing schedule, but leaves suppliers with unpaid public service contracts as the main losers. Puerto Rico’s finances will be under renewed…

Next US Congress faces prospect of gridlock

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UNITED STATES

While President Joe Biden's administration was prepared for the prospect of divided government, the slim majority will pose challenges for the Republican leadership as it…

Lower US income inequality will shift policy narrative

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UNITED STATES

For the last two decades income inequality among workers has widened in the United States and become a significant political issue. However, the tight post-COVID-19 labour market…

Prospects for US politics to end-2019

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PROSPECTS H2 2019

Prospects for US politics to end-2019.

New Puerto Rico governor will face divided electorate

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PUERTO RICO

The pro-US-statehood New Progressive Party (PNP) has retained the posts of governor and Resident Commissioner, and the consultative referendum produced its first indisputable…

High US unemployment means social fabric risks

Location:

UNITED STATES

Unemployment insurance claims have risen sharply during the pandemic. The Labor Department will release its latest data later today: total claims are likely to involve 30 million…