Despite the impressive growth rates achieved for solar capacity installations, fossil fuel consumption continues to rise in absolute terms, because primary energy demand is still growing strongly. Global coal consumption,…
The deteriorating US fiscal position is the most glaring among advanced economies. But the Eurozone general government deficit has been widening too, hitting 4.1% of GDP in Q4 2023. The…
As anticipated, the Congressional Budget Office’s (CBO) projection for the federal budget deficit for FY24 has been revised up significantly. Adjusted to exclude the effects of shifts in the timing…
Amidst all the noise, it is worth taking a step back, to look at the bigger picture. Labour markets have so far been resilient to higher interest rates and remain…
The average 3-month change for private payrolls firmed to 206k in May, well up on the pace of job creation in Q4 of last year (155k). The share of industries…
