U.S. Economy: Banking crisis will lead to contraction of the economy

The U.S. economy is in turmoil and exposed to high risks. The banking stress, the debate about raising the debt ceiling, higher interest rates, geopolitical tensions, and the weakening global economy are likely to lead to a recession this year.

What caught my eye: Cognitive abilities, central banks and climate change, foreign technology adoption, and much more…

“Your job can shape your cognitive abilities: Restaurant workers whose job involved constantly keeping track of orders were better at tests of working memory updating.” Interesting (obvious on second thoughts)

Global economy faces sluggish recovery

The global economy will recover only sluggishly this year with growth of 2.8 percent and next year of 3.4 percent, especially as no tailwind is expected from monetary and fiscal policy.

What caught my eye: The Future of the U.S. dollar, R&D spending and innovation, central bank digital currencies, and much more…

Mark Sobel, Senior Advisor at the Central for Strategic and International Studies, on the future of the U.S. dollar and the international monetary system:

U.S. economy: recession not yet here, but increasingly likely

The economic situation remains very uncertain. It is rightly pointed out, for example, that the labor market is still robust. But the first dark clouds are already gathering on the horizon, even for the labor market.

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