Economic Policy News
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Updated 27 minutes ago
Twenty-five years after she directed a broadside at the global economic order for ignoring the unpaid work women do, Marilyn Waring said she’s still waiting.
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The International Monetary Fund cut its economic growth forecast for Russia, cautioning against the danger of stoking inflation with fiscal stimulus and urging policy makers to improve the business climate.
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Updated 1 hour, 12 minutes ago
European Central Bank President Mario Draghi said the central bank is considering further non- standard monetary policy tools and will deploy them if circumstances warrant.
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European Central Bank Executive Board member Yves Mersch said euro-area governments may be returning to lax fiscal policies and shouldn’t easily be able to delay budget-cutting measures.
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Brazil’s real posted the biggest decline in emerging markets after the government’s interventions this week failed to staunch capital outflows triggered by faltering economic growth and a jump in U.S. bond yields.
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Norway is ready to add stimulus should growth cool further for western Europe’s largest oil exporter as it battles slumping European demand.
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Ever since Standard & Poor’s stripped the U.S. of its AAA credit rating almost two years ago, the unemployment rate has fallen, household wealth has reached a record and the budget deficit is shrinking. More downgrades may be coming, anyway.
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Japan’s effort to fight deflation and spur growth will be a topic at next week’s Group of Eight summit as leaders debate divergent policies in the world’s biggest economies, a German government official said.
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China’s government risks being forced to bail out some local authorities and take over their liabilities after a report from the nation’s audit office showed a jump in borrowings, Moody’s Investors Service said.
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Vladimir Putin is handing the keys of his central bank to a poetry-loving Francophile who pays homage to the victims of Russia’s totalitarian past.
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