
Global Central Bankers Sound Alarm on Labor Shortages
At Jackson Hole, central bankers warn that aging populations and labor shortages could slow growth and push up wages.
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At Jackson Hole, central bankers warn that aging populations and labor shortages could slow growth and push up wages.
New data shows remittances from Mexicans working abroad have plunged, threatening household incomes and potentially slowing Mexico’s economy.
As the SCO Summit nears in Tianjin, the Chinese mainland’s trade with member states has soared 30-fold since 2001, hitting 3.65 trillion yuan ($512.5B) in 2024.
U.S. import prices have jumped after steel and aluminum tariffs doubled to 50%, forcing businesses and consumers alike to foot the bill.
Expert Scott Lucas warns that in the US tariff war, Americans pay the price as import costs ripple to consumers, manufacturers and farmers.
The Chinese mainland’s SCIO outlined new interest subsidy policies for personal consumption loans and service-sector lending to spark spending and support businesses.
UK unemployment jumps to 4.7%, a 4-year high, as vacancies drop and U.S. tariffs squeeze key industries.
Economist Justin Wolfers warns on MSNBC that Trump’s chaotic tariffs, lacking Congress approval, only hike costs and fail to bring back US manufacturing jobs.
China’s CPI was unchanged year-on-year in July, while PPI fell due to seasonal trends, offering insights into the Chinese mainland economy.
U.S. hikes tariffs to decades-high levels, sparking fears of a global recession, higher consumer prices, and diplomatic tensions.