Tag: Economics
-
UK set to be second-fastest growing G7 economy, IMF projects
Overview: UK poised for modest growth in a volatile global climate The United Kingdom is forecast to be the second-fastest growing economy among the world’s leading advanced economies, the IMF said in its latest World Economic Outlook. Growth is projected at about 1.3% for both 2025 and 2026, a pace that outstrips most G7 peers…
-
Canadian Economist Peter Howitt Among Three Nobel Winners in Economics for Innovation-Driven Growth
Canada’s Peter Howitt Among Nobel Laureates in Economics for Innovation-Driven Growth In a landmark announcement, the Royal Swedish Academy of Sciences recognized Canadian economist Peter Howitt as one of three researchers awarded the Nobel Memorial Prize in Economics for their work on innovation-driven economic growth and the concept of creative destruction. The laureates—Peter Howitt of…
-
Innovation-Driven Growth: Nobel Laureates Explain Sustained Economic Progress
From stagnation to ongoing growth: what really drives progress Over the last two centuries, the world has witnessed unprecedented economic growth. This ascent rests on a steady stream of technological innovation and the ability for new ideas to replace older methods—a process economists describe as creative destruction. The 2025 Nobel Prize in Economic Sciences was…
-
Nobel Prize in Economics Awarded for Innovation-Driven Growth Insight
Nobel Prize Highlights for Innovation-Driven Growth The Royal Swedish Academy of Sciences announced the 2025 Nobel Prize in Economic Sciences, awarding Joel Mokyr, Philippe Aghion and Peter Howitt for their influential work on innovation-driven growth. The trio’s research illuminates how technological breakthroughs, creative destruction, and institutional context propel sustained economic expansion. The prize, formally known…
-
Canadian Peter Howitt Among 3 Nobel Winners in Economics: A Spotlight on Innovation-Driven Growth
Three Laureates Highlight Innovation-Driven Economic Growth In a landmark announcement, the Royal Swedish Academy of Sciences recognized a trio of economists for their work on how innovation fuels long-run economic growth. Canadian-born Peter Howitt joined Joel Mokyr of Northwestern University and Philippe Aghion of the College de France and the London School of Economics as…
-
Innovation-Driven Growth: From Stagnation to Sustained Economic Progress
Introduction: Why sustained growth matters Over the last two centuries, the world has seen unprecedented economic progress, driven by a continuous flow of technological innovation. This process—often described through the lens of creative destruction—replaces old technologies with better ones, enabling living standards to rise steadily. The Nobel Prize in Economic Sciences this year highlights three…
-
Trump’s Tough Stance on China and Global Tariffs
Trump’s Aggressive Trade Policies In recent years, former President Donald Trump has taken a strong stance against China, implementing a series of tariffs and trade policies aimed at addressing what he perceives as unfair trade practices. These policies have not only affected the U.S.-China relationship but also influenced global trade dynamics. The Tariff Threat Trump…
-
G7 Tariffs on India: Implications and Reactions
Overview of G7 Tariffs on India The recent discussions among G7 countries have raised critical questions regarding the economic strategies targeted at India and China. With existing tariffs, particularly the 50% imposed by the United States on various Indian products, there is growing concern about the potential for additional tariffs. This article delves into the…
-
Montreal Port Expansion Costs: A $2.3 Billion Challenge
Introduction to Montreal Port Expansion The Port of Montreal is undergoing significant expansion, a project that has now escalated in cost to an estimated $2.3 billion. Initially projected at a lower figure, this increase represents a rise of $700 million compared to previous estimations. This article delves into the complexities of the financial arrangements surrounding…
-
Latest Developments in Gold Prices – September 12, 2025
Gold Price Overview on September 12, 2025 As of September 12, 2025, gold prices continue to see fluctuations influenced by a mix of global market conditions. Investors are keenly monitoring these trends, especially given the current geopolitical tensions and economic policies that are shaping the financial landscape. Factors Influencing Gold Prices Gold prices are traditionally…