economic growth
China’s plan to become a world-leading technology force
Authors: Yutao Sun, Dalian University of Technology and Cong Cao, University of Nottingham Ningbo China On 12 March 2021, China released an outline of its 14th Five Year Plan (FYP) (2021–2025). The document charts a strategic, innovation-driven blueprint for Chinese development in the short- and medium-term. Science and technology and innovation in development, which were …
Tech Futures Slip Ahead of Fed Meeting
Technology companies led losses among U.S. stock futures as investors awaited the Federal Reserve’s latest economic outlook and any signals on interest rates and bond purchases for the next few years. Futures tied to the tech-heavy Nasdaq-100 slipped 1.3%, while S&P 500 futures fell 0.4%. Contracts tied to the Dow Jones Industrial Average were relatively …
Technology stocks lead indexes lower as yields resume climb | National
A man wearing a protective mask walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, March 3, 2021, in Tokyo. Stocks advanced in Asia on Wednesday after a wobbly day on Wall Street, when the S&P 500 gave back …
U.S. Economy Shrank at 4.8% Pace in First Quarter
WASHINGTON—The U.S. economy shrank at a 4.8% pace in the first quarter as the coronavirus spread, the steepest contraction since the last recession. The steep drop in first quarter U.S. gross domestic product, the broadest measure of goods and services produced across the economy, indicated the economy is sliding toward a near-certain recession and signaled …
CEOs haven’t been this pessimistic about the world economy since 2009 – Axios
The big picture: 53% of CEOs expect global economic growth to decline in 2020, up from 29% in 2019 and just 5% in 2018. Their views of their own companies’ prospects were the bleakest since 2009. That sentiment was spread across all regions, though CEOs in the Asia-Pacific are most optimistic and North American CEOs …
Mumbai: ‘India needs new ideas, technology for good economic growth’ | Mumbai News
MUMBAI: India needs to find new ideas, new technology, to be able to sustain a good economic growth, said Eric Maskin, who won the Nobel prize for economics in 2007. Maskin was also the doctoral supervisor of Indian-American economist, Abhijit Banerjee, at Harvard University. While speaking on the sidelines of a talk organised at IIT-Bombay’s …
U.S. Stocks Outpacing the Rest of the World
The Dow Jones Industrial Average climbed Monday to its first record since mid-July, the latest example of investors’ faith in the domestic economy powering U.S. stocks to fresh highs. Buoyed by optimism about a U.S.-China trade accord and last week’s upbeat figures on third-quarter economic growth and October hiring, the blue-chip index climbed 0.4% to …
The Fed’s Next Test Is Breaking the Ice Over Policy Shift
WASHINGTON—As the economic recovery evolves from forecast to reality, the Federal Reserve will face a question that has vexed it in the past: how to signal its eventual tightening of the money spigot. The process of ending the Fed’s giant bond-buying program, and subsequently raising interest rates, will take years unless inflation unexpectedly surges. Its …