US edges closer to debt default, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Ian Shine, Senior Writer, Forum Agenda 1. US edging closer to default amid debt ceiling deadlock Political deadlock over raising the United States’ $31.4 trillion debt ceiling is threatening to push the country into an unprecedented default by as […]

The US economy could get worse before it gets better — here’s what you need to know

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gregory Daco, Chief Economist, EY-Parthenon The US economy is likely to get worse before it gets better, according to forecasting by EY. The combination of persistently elevated prices, high interest rates and now tightening credit conditions will weigh on […]

The racial wealth gap in the US is affecting its citizens and its economy – this is how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content The US has spent the past century expanding its economic power. As it has grown, so too has the wealth of American families. But not everyone has benefitted, according to a new report. […]

Traffic congestion cost the US economy nearly $87 billion in 2018

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content Have you ever found yourself stuck in a traffic jam on the way to work? If you’re a driver, there’s every chance you have. Congestion is a blight on most major towns and […]

What the buoyant US economy means for the rest of the world

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Marco Magnani, Senior Research Fellow, Harvard Kennedy School of Government & Olivier Clavet, The Institute for Advanced International Studies at Laval University The US economy is thriving. Its GDP growth rate is above 3% – the first three […]

What makes America the world’s most competitive economy?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Oliver Cann, Head of Media Content, World Economic Forum Any international economic index that finds America at the pinnacle of global success is sure to invite questions around whether such success can be attributed to the actions of […]

Amid strong outlook for U.S. economy, risks abound

This article is brought to you in association with OECD. The U.S. economy is experiencing one of the longest expansions on record, but the scars left by the Great Recession, as well as challenges posed by globalization and automation shocks, remain visible across the country, according to a new report from the OECD. The latest Economic […]