The Guardian view on a post-Covid recovery: not just for the well-off | Editorial

The government must not allow an even more divided society to emerge post-pandemic It was John Maynard Keynes who developed the idea of “animal spirits” as a kind of spontaneous market optimism, or pessimism, which lent a crucial emotional dimension to economic outcomes. The unveiling of Boris Johnson’s roadmap out of social restrictions was […]

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Fed chair warns US economic recovery 'uneven and far from complete'

Jerome Powell worried by high unemployment in US economy Rejects Republican suggestion stimulus will lead to inflation The US economic recovery “remains uneven and far from complete”, Federal Reserve chair Jerome Powell told a committee of US senators Tuesday. In his semi-annual update on monetary policy, his first delivered under Joe Biden’s presidency, Powell […]

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Rich nations must either help developing countries fight Covid or live in a fortress | Mohamed El-Erian

The G7 needs to keep giving financial aid and other support if it wants to avoid ongoing disruption Coronavirus – latest updates See all our coronavirus coverage Recognising that “no one is safe until everyone is safe,” the G7 recently announced additional steps to facilitate globally more “affordable and equitable access to vaccines, therapeutics […]

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UK unemployment rises to 5.1% as Covid lockdown freezes economy

Government’s furlough scheme prevents higher increase in joblessness in December Coronavirus – latest updates See all our coronavirus coverage Unemployment edged higher to 5.1% in December as the government’s furlough scheme continued to prevent a steep rise in job losses in the run-up to Christmas. With much of economy still in enforced hibernation, the […]

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