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The economy grew at an extraordinary 4.9 percent annual rate in the third quarter. The growth rate for the fourth quarter is likely to come in around 2.5 percent, putting growth for the year close to 3.0 percent, far above almost anyone’s forecasts.

Dean Baker / January 22, 2024

Article Artículo

CNN Tells Us Young People Can’t Afford Homes, Even Though More Young People Have Homes Now Than When Trump Was in the White House

Dean Baker / January 21, 2024

Article Artículo

CARICOM

Haiti

Kenya

Latin America and the Caribbean

Sanctions

United Nations

US Foreign Policy

Haiti News Round-Up No. 11: Congress Pushes Back on US-Haiti Policy

Several members of the US Congress have warned that “another armed foreign intervention in Haiti will not result in the necessary Haitian-led transition to a democratic government."

Jake Johnston and Chris François / January 18, 2024

Article Artículo

Creating Judicial Chaos: Will the Supreme Court Overturn the Chevron Decision?

Dean Baker / January 17, 2024

Article Artículo

Ecuador

Latin America

Latin America and the Caribbean

Ecuador News Round-Up No. 10: Noboa Declares War

President Noboa has declared Ecuador to be in a state of “internal armed conflict” and ordered the armed forces to “neutralize” organized criminal groups.

Pedro Labayen Herrera / January 16, 2024

Article Artículo

Economic Crisis and Recovery

The “Great” Economy Trump Left Biden

Dean Baker / January 15, 2024

Article Artículo

Why Does the Washington Post Choose to Highlight a Clearly Atypical Person to Tell Us the Economy Has Gotten Worse?

Dean Baker / January 15, 2024

Article Artículo

New York Times Doesn’t Know About Biden’s Income-Driven Student Debt Repayment Plan

Dean Baker / January 13, 2024

Article Artículo

Special Drawing Rights

The IMF Must End Its Hypocrisy on Climate

The IMF must be brought into the twenty-first century if it is to play a constructive role in ending the climate crisis.

Dan Beeton and Omer Javed / January 12, 2024

report informe

Climate Change

Economic Crisis and Recovery

IMF

Inflation

Latin America

Latin America and the Caribbean

Special Drawing Rights

More SDRs for Latin America and the Caribbean: An Effective Tool in an Era of Multiple Crises

This report explains how issuances of Special Drawing Rights (SDRs) by the International Monetary Fund (IMF) are an effective tool to mitigate the effects of the multiple crises that Latin American and Caribbean countries currently face.

Andrés Arauz and Francisco Amsler / January 11, 2024

Article Artículo

Neo-Liberalism Is Not Dead, It Never Lived

Dean Baker / January 11, 2024

Article Artículo

Economic Crisis and Recovery

Student Loan Debt is Common Across All Race and Gender Groups, Especially for Black Women

Emma Curchin / January 10, 2024

Article Artículo

IMF

Special Drawing Rights

World

The International Monetary Fund’s Special Drawing Rights: Why a New Issuance is Necessary and Feasible at this Time, and Would Save Many Lives

The SDR issuance last year probably saved hundreds of thousands of lives, if we use, e.g., the Bank for International Settlements’ research on the relation between recessions and mortality.

Mark Weisbrot and Joe Sammut / January 10, 2024

Article Artículo

Consumer Price Index

Economic Crisis and Recovery

Inflation

United States

Preview: What to Look for in the December CPI

Dean Baker / January 08, 2024

Jobs Byte Artículo

Job Growth Expands in December, Unemployment Stable at 3.7 Percent

The drop in aggregate hours implies that we will have another solid quarter for productivity growth, adding to the evidence that we may be on a faster productivity growth path.

Dean Baker / January 05, 2024

Article Artículo

Cuba

Latin America and the Caribbean

Sanctions

US Foreign Policy

Cuba’s “Terror” Designation Is a Deadly Fiction. It’s Time to End It.

Three years ago this month, as a parting shot mere days before leaving office, Donald Trump placed Cuba on the State Sponsors of Terrorism (SSOT) list, triggering a range of new sanctions against the island nation.

Michael Galant / January 05, 2024

Article Artículo

The Really Big Lie: No One Supported a Free Market Policy on Trade

Dean Baker / January 04, 2024