Simply Economics

Swiss Economic Forecasts Upgraded, Global Economic Calendar, India’s Freebie Mindset

SECO slightly upgrades Swiss economic forecasts, but below-average growth persists. Economic calendar for 17-21 June 2024 with inflation rates, central bank speeches, and rate decisions. We decode India's freebie mindset and discuss the challenges of balancing present needs with future sustainability. Plus, an analysis of whether we are in for a hard landing in the global economy.Sources:https://www.actionforex.com/live-comments/555734-seco-slightly-upgrades-swiss-economic-forecasts-but-below-average-growth-persists/https://www.kaohooninternational.com/economics/541008https://www.firstpost.com/opinion/we-get-the-economy-we-deserve-decoding-indias-freebie-mindset-13783202.htmlhttps://www.ft.com/content/ebf6b9b4-55d6-4e69-a3cc-f52ae3b51186Outline:(00:00:00) Introduction(00:00:43) SECO slightly upgrades Swiss economic forecasts, but below-average growth persists(00:02:55) Economic Calendar for 17 - 21 June 2024 with Inflation Rates, Fed's and ECB's Speeches, and BoE's Rate Decision(00:07:12) We get the economy we deserve: Decoding India’s freebie mindset(00:09:47) Are we in for a hard landing?

Alarming Economic Burden of TB Treatment, ADB’s AI Initiatives, Kansas Lawmakers’ Rivalry, and New Mexico’s Economic Development

Study reveals the alarming economic burden of TB treatment. ADB embraces AI across several verticals, from economics to devops. Kansas lawmakers want to lure Chiefs from Missouri. EDD prioritizes science and tech industries for economic development.Sources:https://www.thehindu.com/sci-tech/science/study-reveals-alarming-economic-burden-of-tb-treatment/article68289961.ecehttps://coingeek.com/adb-embraces-ai-across-several-verticals-from-economics-to-devops/https://www.newstribune.com/news/2024/jun/16/despite-economic-concerns-kansas-lawmakers-want-to-lure-chiefs-from-missouri/https://www.abqjournal.com/business/edd-prioritizes-science-and-tech-industries-for-economic-development/article_7361843e-29ad-11ef-9542-0f0198d8a764.htmlOutline:(00:00:00) Introduction(00:00:39) Study reveals alarming economic burden of TB treatment(00:03:33) ADB embraces AI across several verticals, from economics to devops(00:06:16) Despite economic concerns, Kansas lawmakers want to lure Chiefs from Missouri(00:10:06) EDD prioritizes science and tech industries for economic development

ADB Harnesses AI for Economic Development, Borger EDC Breaks Ground on Housing Project

The Asian Development Bank embraces AI across several verticals, from economics to devops. Borger Economic Development Corporation breaks ground on a new housing development. Plus, an interview with a research economist on the class character of People's China and the economic cost of cutting trees for the Bengaluru Suburban Railway Project.Sources:https://coingeek.com/adb-embraces-ai-across-several-verticals-from-economics-to-devops/https://www.newschannel10.com/2024/06/14/borger-economic-development-corporation-breaks-ground-new-housing-development/https://www.workers.org/2024/06/79147/https://www.deccanherald.com/india/karnataka/bengaluru/economic-cost-of-cutting-32572-trees-for-bengaluru-suburban-railway-project-is-rs-7279-crore-activists-3067781Outline:(00:00:00) Introduction(00:00:44) ADB embraces AI across several verticals, from economics to devops(00:03:34) Borger Economic Development Corporation breaks ground on new housing development(00:05:34) Class character of People’s China: interview with research economist(00:08:29) Economic cost of cutting 32,572 trees for Bengaluru Suburban Railway Project is Rs 7,279 crore: Activists

Challenges and Achievements in Will County’s Economy, Today’s Economic Calendar Highlights

Will County's economic development breakfast highlights the region's growth but notes challenges in diverse housing and workforce. Today's economic calendar is packed with important events that could impact global markets. Plus, a groundbreaking study reveals the economic impact of violence against women. Also, the Achilles' heel of Modi's economic model in India is revealed.Sources:https://www.chicagotribune.com/2024/06/13/economic-development-breakfast-touts-will-countys-economy-but-notes-lack-of-diverse-housing-and-sufficient-workforce/https://www.forexlive.com/news/todays-economic-calendar-highlights-20240613/https://warwick.ac.uk/research/ref/stories/violence-against-women/https://www.atlanticcouncil.org/blogs/econographics/low-employment-the-achilles-heel-of-modis-economic-model/Outline:(00:00:00) Introduction(00:00:38) Economic development breakfast touts Will County’s economy, but notes lack of diverse housing and sufficient workforce(00:03:57) Today's economic calendar highlights(00:06:48) The Economics of Violence Against Women(00:10:01) Low employment: The Achilles' heel of Modi's economic model

UK Economy Stalls, Economic Panel Member Steps Down

The UK economy flatlines in a blow to Rishi Sunak's hopes of recovery. Plus, a long-time member of Mesa's Economic Development Advisory Board steps down after 19 years of service. Also, poor investment in UK regional cities curbs economic growth, according to a new report.Sources:https://www.theguardian.com/business/article/2024/jun/12/uk-economy-flatlines-sunak-gdp-general-electionhttps://www.themesatribune.com/news/economic-panel-member-steps-down-after-19-years/article_f2b4e126-2508-11ef-8286-8f5d691c964a.htmlhttps://www.theguardian.com/business/article/2024/jun/12/poor-investment-in-uk-regional-cities-curbed-economic-growth-report-findshttps://www.themesatribune.com/news/economic-panel-member-steps-down-after-19-years/article_f2b4e126-2508-11ef-8286-8f5d691c964a.htmlOutline:(00:00:00) Introduction(00:00:41) UK economy flatlines in blow to Rishi Sunak’s hopes of recovery(00:03:04) Economic panel member steps down after 19 years(00:05:34) Poor investment in UK regional cities curbed economic growth, report finds(00:08:36) Economic panel member steps down after 19 years

The Economics of AI and Thailand’s Growth Strategies

How to think about the economics of AI and Thailand's aim to boost economic growth. Plus, Brazos County delegation trip to Japan for economic expansions and Graham Turner's journey as BBC's first economics correspondent.Sources:https://www.top1000funds.com/2024/06/how-to-think-about-the-economics-of-ai/https://www.thailand-business-news.com/economics/145512-thai-government-aims-to-boost-economic-growth-to-3https://www.kbtx.com/2024/06/11/brazos-county-delegation-trip-japan-aims-bring-promise-economic-expansions/https://www.thetimes.com/uk/obituaries/article/graham-turner-obituary-bbcs-first-economics-correspondent-05fg0xg8rOutline:(00:00:00) Introduction(00:00:41) How to think about the economics of AI(00:03:07) Thai government aims to boost economic growth to 3%(00:06:45) Brazos County delegation trip to Japan aims to bring promise for economic expansions(00:09:34) Graham Turner obituary: BBC’s first economics correspondent

Reviving Political Economy and the Dark Side of Superyachts

Economics must go back to its basics to stay relevant in a rapidly changing world. Explore the profound transformation of economics due to the digital revolution and rise of artificial intelligence. Plus, discover the environmental impact of superyachts and the need for greater sustainability in the industry.Sources:https://www.livemint.com/opinion/online-views/revive-political-economy-economics-must-go-back-to-its-basics-to-stay-relevant-11717916614331.htmlhttps://fortune.com/europe/2024/06/09/climate-economics-worlds-6000-superyachts-its-not-an-entirely-rational-decision/https://www.livemint.com/opinion/online-views/revive-political-economy-economics-must-go-back-to-its-basics-to-stay-relevant-11717916614331.htmlhttps://www.winnipegfreepress.com/business/2024/06/08/home-uneconomicsOutline:(00:00:00) Introduction(00:00:47) Revive political economy: Economics must go back to its basics to stay relevant(00:03:22) The climate economics of the world’s 6,000 superyachts: ‘It’s not an entirely rational decision’(00:07:04) Revive political economy: Economics must go back to its basics to stay relevant(00:10:29) Opinion: Opinion: Buying a first home unlikely to get less challenging anytime soon, even with rate cuts

Mixed Signals in Labor Market, Positive Economic Outlook for Hampton Roads

Non-Farm Payrolls mislead as the labor market weakens and inflation falls. ODU experts announce a positive economic outlook for the Hampton Roads area. Plus, state and local economic leaders call for more remote work opportunities. Also, an opinion piece explores the path to effective growth amidst housing affordability challenges in Canada.Sources:https://www.forbes.com/sites/greatspeculations/2024/06/07/non-farm-payrolls-mislead-the-labor-market-is-weakening-inflation-is-falling/https://www.wavy.com/news/local-news/odu-experts-announce-positive-economic-outlook-for-hampton-roads-area/https://www.wvnstv.com/news/state-and-local-economic-leaders-call-for-more-remote-work-opportunities/https://www.winnipegfreepress.com/business/2024/06/08/home-uneconomicsOutline:(00:00:00) Introduction(00:00:41) Non-Farm Payrolls Mislead: The Labor Market Is Weakening; Inflation Is Falling(00:02:55) ODU experts announce positive economic outlook for Hampton Roads area(00:06:07) State and local economic leaders call for more remote work opportunities(00:08:15) Opinion: Path to effective growth requires a balanced approach

Raj Chetty’s Strategies for Economic Inclusion, Croatia’s Economic Woes, AI’s Impact on Africa, and the Financial Reality of Middle-Class America

Harvard economist Raj Chetty offers hope and strategies for economic inclusion. Croatia ponders mass exodus and economic woes ahead of Sunday's vote. AI aligns with Africa's economic landscape. The financial reality facing middle-class America.Sources:https://www.guilford.edu/news/2024/06/guilford-dialogues-raj-chetty-offers-hope-strategies-economic-inclusion-greensboro-andhttps://www.euronews.com/my-europe/2024/06/07/croatians-ponder-mass-exodus-and-economic-woes-ahead-of-sunday-votehttps://www.africanews.com/2024/06/06/ai-aligns-with-africas-economic-landscape-business-africa/https://www.deseret.com/utah/2024/06/06/middle-income-america-struggles-utah-cities/Outline:(00:00:00) Introduction(00:00:42) At Guilford Dialogues Raj Chetty Offers Hope, Strategies for Economic Inclusion in Greensboro and Beyond(00:03:23) Croatians ponder mass exodus and economic woes ahead of Sunday vote(00:05:37) AI aligns with Africa’s economic landscape {Business Africa}(00:08:31) The financial reality facing middle-class America

UK Statistics Watchdog Investigates Sunak’s Economic Claims, Boab Metals Enhances Sorby Hills Project

The UK's statistics watchdog investigates Rishi Sunak's use of the term 'economy going gangbusters'. Boab Metals enhances its Sorby Hills Project economics. Plus, a look at Oregon's latest economic forecast and the Indiana Research Consortium's efforts to advance tech and promote economic growth.Sources:https://www.theguardian.com/business/article/2024/jun/06/uk-statistics-watchdog-to-investigate-sunaks-use-of-term-economy-going-gangbustershttps://www.tipranks.com/news/company-announcements/boab-metals-enhances-sorby-hills-project-economicshttps://www.opb.org/article/2024/06/05/think-out-loud-oregon-latest-economic-forecast/https://news.nd.edu/news/indiana-research-consortium-will-advance-tech-promote-economic-growth-and-attract-top-talent-and-industries-to-the-state-of-indiana/Outline:(00:00:00) Introduction(00:00:40) UK statistics watchdog to investigate Sunak’s use of term ‘economy going gangbusters’(00:03:24) Boab Metals Enhances Sorby Hills Project Economics(00:05:44) A look at Oregon’s latest economic forecast(00:08:34) Indiana Research Consortium will advance tech, promote economic growth and attract top talent and industries to the state of Indiana