During his election campaign, US President Donald Trump promised to be a human boon to the US construction industry, one of the nation’s most vital and influential. As the days have ticked away since his inauguration, have the new administration’s policies made a difference for the industry, or added to its uncertainty about what the future really holds?
In mid-April, a draft of the legislation to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act—a law that has been branded by US President Donald Trump as a “disaster” that has made it difficult for businesses to get loans—was released.
During his campaign, US President Donald Trump was short on praise for Federal Reserve Chair Janet Yellen. But since taking office in January, he has softened his public remarks about her low interest-rate policies, and there is even the possibility that he might re-nominate her in 2018. Would the reappointment of an avowed monetary-policy dove work for or against his economic plans in the future?
Russia is amongst the global heavyweights, but its economy and stock markets are vulnerable to forces outside of its control, especially the price of oil but also politics in other parts of the world, such as the United States. The country’s fortunes will depend on how oil prices fare but also on how well relations with the new administration in Washington pan out.
The stability of the global economy continues to oscillate between intermittent recovery and general unease, and the new US presidential administration stands at the crux of its ongoing uncertainty. Various international incidents have influenced the condition of the global economy—the ongoing Brexit saga
Each president of the United States leaves behind a legacy, and Barack Obama is no exception. In 2009, Obama inherited an economy hurtling toward catastrophe, and through his economic policies he succeeded in not only steadying it but helping it to improve on many, if not all, fronts.
A popular argument made by protectionists is that undervalued foreign currencies foster trade deficits, lower employment and are therefore harmful to the domestic economy, such as that of the United States, which is currently enjoying a relatively high dollar value. But are Americans really made poorer by their high-flying dollar?
By John Manning, International Banker In early March, Ulster Bank announced that from October onwards, it will be closing nine…
Underbanked and unbanked citizens do not exist only in emerging countries. Developed countries have their share, too, and their financial institutions are quickly learning that their counterparts in emerging economies have much to share about how especially mobile-banking apps are making what was once inaccessible accessible to large numbers of consumers.
The Millennial generation has not carried out personal-financial transactions in what was historically considered a normal interest-rate economic environment. How are near-zero interest rates affecting their financial decisions, and how will their decisions impact the economy and monetary policy of the future?