The onetime sick man of Europe has seen GDP grow and inflation fall as its leaders emphasize fiscal discipline. Original Image Link Source:www.barrons.com
The IMF’s African Department is pleased to host Michael Kremer, Professor of Economics at the University of Chicago, where he directs the Development Innovation Lab. He is the joint winner of the 2019 Nobel Prize in Economics for the “experimental approach to alleviating global poverty.”
While African countries are grappling with the fallout of exogenous shocks like Russia’s war in Ukraine and climate change, the continent’s leaders are also trying to tackle persistent structural issues. Healthcare services are under strain, as is education, with low enrollment and high dropout rates for children who in the next 5–10 years will provide about half of the world’s increase in working-age population.
Agriculture, a vital sector for food security and economic growth in the region, is constrained by low productivity, the impact of climate change, and limited access to modern technologies. Furthermore, economic growth remains stifled by insufficient investment and infrastructure, weak institutions, high unemployment, and income inequality.
Join us for a conversation between Professor Kremer and the IMF’s African Department Director, Abebe Aemro Selassie, to learn more about the key measures policymakers can take to address regional challenges as well as global ones like climate change and pandemics.
Send questions in advance or during the event: AfricaPerspectives@imf.org
http://www.imf.org/africaperspectives
Published: 1st Jun 2023 01:09:41 By: IMF
IMF Video: Press Conference: United States 2023 Article IV Consultation
The IMF will discuss in a press conference the staff findings from the 2023 consultation on the state of the United States’ economy. Follow live on May 26 at 1 PM ET.
Panelists:
- Kristalina Georgieva, Managing Director, IMF
- Rodrigo Valdés, Director, Western Hemisphere Department, IMF
- Nigel Chalk, Deputy Director, Western Hemisphere Department, IMF
- Moderator: Julie Kozack, Director, Communications Department, IMF
Published: 27th May 2023 05:47:03 By: IMF
IMF Video: Press Conference: United Kingdom 2023 Article IV Consultation
Press conference on the UK Article IV with Managing Director Kristalina Georgieva and Chancellor Jeremy Hunt. Tune in on May 23 at 11:15 AM BST (6:15 AM ET).
The IMF Executive Board approves SDR 2.242 billion (about US$3 billion) 36-month ECF arrangement for Ghana. This decision will enable an immediate disbursement equivalent to SDR 451.4 million (about US$600 million).
It happened twice during one week in May caused by a glut of hydroelectric capacity as a result of heavier-than-usual spring meltwater. This meant the supply of electricity exceeded demand and this, in turn, led to a negative price for electricity. #finland #electricity #renewableenergy #supply #hydroelectricity #nuclearenergy
Published: 9th Jun 2023 12:00:10 By: World Economic Forum
World Economic Forum Video: Finland is on track to be ‘climate neutral’ by 2035. Here’s how it plans to achieve it
The IEA says Finland is well-placed to reach its target. The pledge places it ahead of other European countries and in 4th place worldwide. Behind Bhutan and Suriname, which are carbon-neutral already and Uruguay, which aims to reach net-zero by 2030. How soon will your country be climate neutral? #finland #climateneutral #carbonneutral #emissions #carbon #climateaction
Published: 8th Jun 2023 12:00:24 By: World Economic Forum
World Economic Forum Video: What is the best time to exercise for heart health
The time you choose to work out could make a big difference to its benefits. Scientists from Leiden University Medical Center found that if you want to stave off heart disease and stroke the best time to exercise is between 8am and 11am. And the closer to 11am, the better. #health #exercise #workout #morning
Published: 7th Jun 2023 12:00:42 By: World Economic Forum
World Economic Forum Video: Experts Explain | What is synthetic biology? | Futurist Amy Webb
The World Economic Forum talks to futurist, academic and author Amy Webb about innovations in the field of synthetic biology, from T-shirts that come with an expiration date to noodles made from excess C02.
This new field of bioengineering is poised to transform every aspect of society, says Amy Webb. As synthetic biology takes on its own momentum, a collaborative, global, scientific response has never been more important.
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 7th Jun 2023 12:00:04 By: World Economic Forum
World Economic Forum Video: New York’s skyscrapers are so heavy they’re sinking the city
Scientists calculated the mass of all the buildings in New York City. Including the Central Park Tower and the Empire State. In total, there are 1.1 million buildings, weighing a total of 762 million tonnes. The same as 64 million city buses. While most of the city is built on solid bedrock, softer parts of the earth are compressing under the enormous weight. Sending the Big Apple downwards at 1-2mm a year on average and up to 4mm a year in some areas. #newyorkcity #sinking #skyscraper #empirestate #science
Published: 6th Jun 2023 12:00:27 By: World Economic Forum
Economic Video: GM and Ford agree to allow electric vehicle drivers to use Tesla chargers
Electric vehicle charging is about to get a lot easier for drivers after an agreement from GM and Ford to use Tesla chargers. NBC News’ Jacob Ward reports on how this will shift the American charging landscape.
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Published: 10th Jun 2023 12:30:18 By: NBC News
Economic Video: S&P 500 in a bull market, narrow tech rally churns on
#yahoofinance #youtube #sp500
Bloomberg Opinion Columnist John Authers joins Yahoo Finance Live to discuss market outlooks and his concerns surrounding overvaluation. Mega cap tech stocks are being pushed higher by the market melt-up as the S&P 500 enters into a bull market.
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Published: 9th Jun 2023 03:43:28 By: Yahoo Finance
Economic Video: Binance.US suspends U.S. dollar deposits
#yahoofinance #binance #sec
Binance.US says it is suspending taking U.S. dollar deposits and warning customers that they could halt USD withdrawals as early as June 13th. It comes after the SEC brought litigation against the crypto exchange. Yahoo Finance crypto reporter David Hollerith breaks down how the crypto industry is reacting.
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About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
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Published: 9th Jun 2023 08:51:29 By: Yahoo Finance
Julian Salisbury, Goldman Sachs CIO of Asset and Wealth Management & Lisa Erickson, US Bank Head of Public Markets debate whether stocks are making their way into bull market territory. They also dive into why there might be continued pressure on the banks.
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Published: 9th Jun 2023 11:07:01 By: Bloomberg Television
Economic Video: Netflix notches highest close since Feb. 2022 as password sharing crackdown boosts subscriber growth
Apple showed off a new mixed-reality headset called Apple Vision Pro at a conference. The device blends virtual reality and augmented reality. Augmented reality is a technology that allows users to overlay virtual images on live video of the real world. Apple says the device will cost $3,499 and go on sale early next year.
Published: 5th Jun 2023 07:59:37 By: CNN
Business Video: Rare images reveal sunspots larger than Earth
President of Explore Mars Inc. Janet Ivey shows new images of the sun's surface captured by a powerful ground-based solar telescope that reveal sunspots and other features in unprecedented detail. Cool, dark sunspots dot the photosphere, or the sun’s surface where the magnetic field is strong, and they can be the size of Earth or larger. #CNN #news
Published: 28th May 2023 06:58:14 By: CNN
Business Video: Tapper asks Democrat if Biden should worry about Progressive Caucus. Hear her response
Progressive Caucus Chair Pramila Japayal (D-WA) joins CNN's Jake Tapper to discuss debt ceiling negotiations as The White House and House Republicans agreed in principle on a deal to raise the debt ceiling for two years and cap spending. #CNN #News
Published: 28th May 2023 05:05:07 By: CNN
Business Video: Lawmaker who helped negotiate debt deal responds to GOP criticism
Rep. Dusty Johnson (R-SD) joins CNN's Jake Tapper to discuss the debt ceiling deal and responds to reported grumbling from some Republicans. #CNN #News
Published: 28th May 2023 04:35:00 By: CNN
Business Video: Unprecedented images show sunspot larger than Earth
President of Explore Mars Inc. Janet Ivey shows CNN's Victor Blackwell and Amara Walker new images of the sun's surface captured by a powerful ground-based solar telescope have revealed sunspots and other features in detail. #CNN #News
Sun, 28 May 2023 00:32:00 GMT Nearly a decade ago, Greece was bankrupt. Today, its economy is recovering. But after years of austerity measures, Greeks’ incomes are being hit by the cost of living crisis. Meanwhile ...
Fri, 26 May 2023 19:41:00 GMT That silence you heard last weekend was Europe not staging a freakout over an election in Greece. What a change from only eight years ago, when voting in the Aegean country triggered panic in ...
Fri, 26 May 2023 03:54:00 GMT American investors probably haven’t given Greece much thought since the catastrophic financial crisis that rocked the country for a decade after 2008. The birthplace of democracy deserves ...
Mon, 22 May 2023 03:20:00 GMT In return, they demanded punishing cost-cutting measures and reforms that saw the country’s economy shrink by a quarter. A severe recession and years of emergency borrowing left Greece with a ...
Sun, 21 May 2023 15:50:00 GMT Voting is under way in Greece’s parliamentary election, the first since the country’s economy ceased to be subject to strict supervision and control by international lenders who had provided ...