Eagle Economist

One year of Joe Biden as US President: U.S. economy at least one step ahead of euro area

One year has now passed since Joe Biden was inaugurated as US President. He has been able to achieve some of his economic policy goals during this time – such as passing the major aid and stimulus package in March 2021 or getting Congress to approve infrastructure renewal in November. But recently, Joe Biden has also had to take a lot of economic criticism – some blame his expansionary fiscal policy for higher inflation, for example.

U.S. economy: Lower but still solid growth and higher inflation

At the beginning of the current year, the U.S. economy is now likely to grow less dynamically. Monetary policy will gradually become less expansionary in the face of higher inflation and continued economic recovery.

What caught my eye: Global supply chain pressures, monetary policy operations, U.S. exports, and much more…

The World Bank Economic Outlook: “Slowing Growth, Rising Risks”

Quote of the week – Elinor Ostrom

“Scientific knowledge is as much an understanding of the diversity of situations for which a theory or its models are relevant as an understanding of its limits.”

The Italian Economy: Solid economic growth but bumpy road ahead

Italy has been in a difficult economic situation for many years. The pandemic made the economic and social Italy has been in a difficult economic situation for many years. Initially, the pandemic made the economic and social problems even worse. After a solid economic recovery in 2021, I am cautiously optimistic for Italy and the Italian economy.