China is home to dynamic digital innovators and is a leading global investor in the latest technologies Digital China is already more advanced than many observers appreciate. In e-commerce, China accounted for less than 1 percent of the value of worldwide transactions only about a decade ago; that share is now more than 40 percent. The […]
Unfortunately, predictions for first-quarter economic growth have plunged in recent weeks, signaling 2018 may be off to a “meh” start. Barely a month ago the Atlanta Federal Reserve predicted booming growth of 5.4% for the first three months of the year. But stingy spending by American consumers has forced the Atlanta Fed to dramatically scale back its outlook. […]
Teasing out the data These data come at a time when unemployment is below various estimates of the non-accelerating inflation rate of unemployment (NAIRU), broader measures of labor market underutilization are close to precrisis levels and payroll growth appears to have peaked for this cycle and is decelerating. More broadly, over the past 30 years, […]
