In many low- and middle-income countries, economic growth has been stronger than job creation. Output is increasing, firms are investing, and labor participation remains high, but fixed income employment is growing slowly. The informal system is still prevalent, and the working hours are often short. Recent evidence from different countries shows that GDP-employment elasticity in … Read more
The United States and Israel launched their attacks on Iran last month. As a result of Iran’s retaliatory actions, the world oil market has a supply shortage greater than the oil crises of 1973 and 1979 combined. The full panic hasn’t been felt in the United States, even as US gasoline prices hit $4 a … Read more
The EU prepares measures to respond to rising energy prices Considering renewing the crisis responsefrom 2022, which included the price of gas EU tells members to prepare for ‘long-term disruption’ in energy markets Jet fuel, diesel provides a large shock in a short period of time BRUSSELS, March 31 (Reuters) – The European Union is … Read more