The World This Week: 13th March
Aggregate Demand and Supply
Biden to propose tax hike on highest earners to fund Medicare
President Biden is expected to announce a plan this week to increase tax for those earning over $400,000 a year. The revenue raised from the tax will be spent on extending Medicare, a federal insurance […]
Aggregate Demand and Supply
Declining rate of retail sales at a historic low as consumer confidence plummets in the US
The latest in a long list of ‘historic lows’ since Covid-19 wiped out the global economy is the total collapse of the American retail sector. Data released by the US Census Bureau has shown that […]
Economic News
Trade Win or Tariff Trap? Trump’s UK Deal Raises Questions on Costs and Growth
President Trump has called his new trade pact with the UK a “maxed out deal.” But behind the headlines, the fine print reveals something less exciting for economists and trade experts: a 10% baseline tariff […]