Harris’s Economic Vision vs. Reeves’s Growth Strategy: A Tale of Two Policies

As the 2024 presidential election nears, Vice-President Kamala Harris outlines her pragmatic economic approach, promising investments and tax breaks for the middle class. Meanwhile, UK politician Rachel Reeves advocates for a shift in growth forecasting amid Labour's planning reforms. Plus, we explore the implications of rising youth unemployment in China and the limitations of recent mortgage rate cuts in stimulating consumer spending. Join us for an in-depth analysis of these critical economic narratives shaping our world.

Sources:
https://www.bbc.com/news/articles/c2439n8mr31o
https://www.theguardian.com/business/2024/sep/26/rachel-reeves-obr-growth-forecasts-planning-budget
https://www.timeswv.com/news/business/chinas-rising-youth-unemployment-signals-the-nations-economic-woes-are-far-from-over/article_643e48e4-7b8c-11ef-82c0-9be12fa90eca.html
https://www.scmp.com/economy/policy/article/3279945/chinas-mortgage-cut-still-insufficient-move-needle-boost-spending-homeowners

Outline:
(00:00:00) Introduction
(00:00:43) Harris promises 'pragmatic' approach in economic pitch to voters
(00:02:59) Reeves pushes for OBR to upgrade growth forecasts amid planning reforms
(00:05:52) China's rising youth unemployment signals the nation's economic woes are far from over
(00:09:08) China’s mortgage cut still insufficient to move the needle, boost spending