Uncategorized

New PEF publication – guide to Joe Biden’s economic programme

The Progressive Economy Forum is today publishing a detailed new guide to the economic programme of the Joe Biden administration. In less than six months since his inauguration as US President, Joe Biden’s administration has staked out a new agenda for US policymaking, breaking with the previous four decades of Republican and Democratic domestic economic […]

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OECD forecasts uneven recovery but massive global vaccination drive needed

The OECD’s latest Economic Outlook offers a comparatively rosy picture for any recovery from covid as public health conditions continue to dominate the economy. With highly effective vaccines now rolling out across much of the developed world, and the US’ massive stimulus programme kicking in, the thinktank has revised its global growth forecast for the

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A shrinking economy in the first quarter, but the summer sugar rush is coming

UK government figures out today show a 1.5% shrinking in the size of the economy in the first three months of the year – huge by pre-covid standards, but better than was widely expected, with rapid growth in March as schools reopened and some economic life resumed. That last month is likely to be a

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Covid vaccination

Why we should support the vaccine waiver

In the past few months, a global campaign has grown in favour of suspending the IP protection for Covid vaccines during the pandemic. Over 100 countries have joined the campaign, with a prominent role played by India. At the beginning of May, the Biden Administration backed it, reversing the Trump administration’s opposition. Sadly, the British government has been one of the few rigidly opposing the idea of a waiver.

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Why government debts and deficits aren’t the real economic worry

We had an exceptional public health emergency to deal with and, like other national emergencies, such as the Second World War, we simply had to spend the money to deal with it. Just as we didn’t panic about repaying the debt as fast as possible after WW2, instead building the NHS and the welfare state, so today we shouldn’t be panicking about it, either

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