Updates on US and Global Economic Conditions

Global Economy

Global Economic Conditions – An Update

http://www.economist.com/node/21561933

Policy Response to the Chinese Economic Slowdown

http://www.economist.com/node/21561887

US Economy

The second estimate of 2012 Q2 US real GDP indicates that the economy grew at a 1.7% rate compared to the advance estimate of 1.5%:

http://www.nytimes.com/2012/08/30/business/economy/second-quarter-growth-revised-up-to-1-7-percent-rate.html

There is an ongoing debate regarding the significance of structural factors vis-a-vis cyclical factors in explaining US labor market conditions. Here is a rather interesting Brookings Institution report that highlights the significance of education gap:

Brookings Institution’s report on skill-mismatches and unemployment