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Financial Times (February 15)

2024/ 02/ 15 by jd in Global News

“As OpenAI enters its year of rapid growth, questions about the long-term viability of its business model remain.” Despite such grandiose goals as accelerating “global productivity and economic growth,” corporations are struggling “to figure out how to integrate generative AI into their processes, or estimate what kinds of cost and productivity benefits it might bring.”

 

The Economist (February 10)

2024/ 02/ 13 by jd in Global News

“This year investors in Chinese stocks have been on a hair-raising ride. Even as America’s S&P 500 index reached record highs, markets in China and Hong Kong shed $1.5trn in January alone…. The decline signals a fundamental problem. Investors abroad and at home once saw China’s government as a dependable steward of the economy. Now this trust has seeped away, with severe consequences for China’s growth.”

 

The Guardian (January 11)

2024/ 01/ 13 by jd in Global News

“Global renewable energy capacity grew by the fastest pace recorded in the last 20 years in 2023,” rising 50% to 510 GW and marking “the 22nd year in a row that renewable capacity additions set a new record.” The tremendous growth in 2023 “could put the world within reach of meeting a key climate target,” set at Cop28, “to triple renewable energy capacity by 2030.”

 

Reuters (January 8)

2024/ 01/ 08 by jd in Global News

“The world is full of danger. The planet starts 2024 with war in Gaza and Ukraine, superpower rivalry, climate change and slow growth. The possible return of Donald Trump as U.S. president is another risk…. It’s easy to see how the world’s multiple overlapping crises – what some observers have labelled the ‘polycrisis’—could feed on one another, creating a doom loop.” But none of this is inevitable. “There are more optimistic scenarios, and some silver linings in the pessimistic ones.”

 

USA Today (January 2)

2024/ 01/ 03 by jd in Global News

“The post-COVID-19 economy was finally supposed to stop defying gravity and topple into a recession this year.” While “growth is expected to slow… other factors are likely to keep the economy afloat, forecasters say, including near-record home and stock prices, a further easing of inflation to or near the Fed’s 2% goal and the central bank’s tentative plans to cut interest rates more sharply than previously anticipated.”

 

Financial Times (December 23)

2023/ 12/ 24 by jd in Global News

“The UK economy shrank slightly in the third quarter.” Revised figures “highlight the country’s struggle to shake off its low-growth performance and raise the risk of a technical recession…. The UK economy is stuck in a lacklustre state as it struggles with high borrowing costs and the legacy of the worst inflationary upsurge for a generation.”

 

Barron’s (November 12)

2023/ 11/ 13 by jd in Global News

“Germany’s economy, historically the powerhouse of Europe, is going through a rough patch. Its reliance on Russian energy and trade with China will have to be scaled back and new sources of growth found.” The nation’s GDP “declined in the third quarter, bringing down the rest of the euro zone with it,” and the OECD now “expects Germany to be the second worst performer in its group of 30 advanced economies this year, ahead only of Argentina.”

 

New York Times (November 9)

2023/ 11/ 11 by jd in Global News

The U.S. economy “has accomplished what many, perhaps most, economists considered impossible: a large fall in inflation without a recession or even a big rise in unemployment.” A recent Goldman Sachs report declares “The Hard Part Is Over,” making the case “that we’re managing to combine rapid disinflation with solid growth, and that it expects this happy combination — the opposite of stagflation — to continue.”

 

The Economist (November 2)

2023/ 11/ 04 by jd in Global News

“Even as wars rage and the geopolitical climate darkens, the world economy has been an irrepressible source of cheer…. Unfortunately, however, this good cheer cannot last. The foundations for today’s growth look unstable. Peer ahead, and threats abound.”

 

Wall Street Journal (August 12)

2023/ 08/ 14 by jd in Global News

“The political world has finally awakened to China’s economic woes…. The evidence has been building for years that much of China’s economic growth was a debt-inflated bubble, and this week another Chinese property developer defaulted on some of its debt.”

 

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