Unsurprisingly, Friday’s US GDP report showed Q1 growth was just 0.7%, as the New York Times reported: “The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result fell far short of President Donald Trump’s ambitious growth targets and underscores the challenges of […]
Chemicals and the Economy
Trump’s healthcare focus risks postponement of tax reform and the infrastructure boost
President Trump ran for office on the basis that he would “drain the swamp” in Washington, and deliver major change in a number of critical areas, as I noted immediately after his election on 14 November. Sensibly, his “Contract with America” also recognised that his Top 10 legislative priorities would take time to deliver: “I […]
Lessons from Japan’s ‘lost decade’
In December, the blog noted that Japanese policymakers saw clear parallels between the mistakes they made during the ‘lost decade’ of the 1990’s, and those being made today in the USA and other Western countries. The New York Times now has a fascinating article on this subject, which notes that: “The Japanese crisis of the […]
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