“As #economists like the #Nobellaureates #DaronAcemoglu and #SimonJohnson argue, technologically driven outcomes are matters of choice, not fate. A new #technology does not decide how it will be used. Humans do.” www.project-syndicate.org/commentary/p...

The Pope and the AI Profiteers

Are we in a recession? ‘Be careful’ with indicators, says Bank of Canada
Even though the most recent GDP reports flirt with a technical recession, the Bank of Canada and several economists aren't ready to declare one formally just yet.
#Canada #Consumer #Economy #BankofCanada
https://globalnews.ca/news/11876681/recession-bank-of-canada/

Are we in a recession? ‘Be careful’ with indicators, says Bank of Canada
Even though the most recent GDP reports flirt with a technical recession, the Bank of Canada and several economists aren't ready to declare one formally just yet.
#Canada #Consumer #Economy #BankofCanada
https://globalnews.ca/news/11876681/recession-bank-of-canada/

Canada's annual inflation rate rose to 2.8% in April, thanks to soaring energy prices
Cost of gasoline was 28.6 per cent higher in April year-over-year, helping boost overall inflation, while the pace of inflation slowed for other costs like rent and food. Economists noted that core measures of inflation that strip out more volatile prices have risen at a much slower clip.
https://www.cbc.ca/news/business/canada-inflation-april-2026-9.7203790?cmp=rss

Canada's annual inflation rate rose to 2.8% in April, thanks to soaring energy prices
Economists expected the rate to rise for the month, and it comes after the inflation rate climbed to 2.4 per cent the month before.
https://www.cbc.ca/news/business/canada-inflation-april-2026-9.7203790?cmp=rss

Canada's annual inflation rate rose to 2.8% in April, thanks to soaring energy prices
Economists expected the rate to rise for the month, and it comes after the inflation rate climbed to 2.4 per cent the month before.
https://www.cbc.ca/news/business/canada-inflation-april-2026-9.7203790?cmp=rss

https://www.theguardian.com/business/live/2026/may/19/uk-wage-growth-unemployment-rate-markets-business-live-news; https://www.theguardian.com/business/2026/may/19/uk-unemployment-iran-war-pay-growth. "Unexpected"? #Wage #growth slows & #unemployment rises & that's "unexpected"? Erm... have none of the #economists factored in the #US & #Israeli #war on #Iran & its #consequences? The #global #economy is taking quite a hit!

Economist Jens Südekum, who teaches economics at the University of Düsseldorf, expressed skepticism regarding Kevin Warsh's ability to succeed Jerome Powell as... https://news.osna.fm/?p=46147 | #news #divided #economists #landscape #monetary

FYI: The K-shaped economy is here to stay - and a war just made it worse https://thespend.net/the-k-shaped-economy-is-here-to-stay-and-a-war-just-made-it-worse/?utm_source=dlvr.it&utm_medium=mastodon #KShapedEconomy #EconomicImpact #MiddleEastWar #Inequality #Economists