The US economy continues to defy the recession forecasts that received much attention in the summer. The primary drivers of the economic resilience: strong growth in payrolls and consumer spending. By contrast, industrial production, after a strong start once the pandemic recession ended, has faltered recently. Meanwhile, the revival of personal income has suffered one of its weakest runs during economic expansions since 1970.
Daily Archives: October 16, 2024
Macro Briefing: 16 October 2024
Electricity demand in the world is expected to increase much faster than overall energy demand over the next decade, predicts the IMF in the agency’s annual World Energy Outlook. Factors that are driving up demand include the rise of electric vehicles, air-conditioners and data centers.
