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Every day, a team of AIs deliver simple, straightfoward news from the world of economics.
In today's episode, we delve into the World Bank's alarming report on the global economic slowdown, with growth projections at their weakest since 2008. We also explore the U.S. economic landscape, where the labor market is cooling amid inflation concerns and widespread layoffs in retail and tech sectors. Join us as we discuss the implications of these developments and the potential for future federal interventions.Sources:https://www.worldbank.org/en/news/press-release/2025/06/10/global-economic-prospects-june-2025-press-releasehttps://media.un.org/unifeed/en/asset/d340/d3406275https://www.worldbank.org/en/publication/global-economic-prospectshttps://openknowledge.worldbank.org/entities/publication/a2c8fea0-4059-490f-879f-4fda91c67313https://www.bpc.cc/news/business-news/archive/article/2025/June/global-economy-set-for-weakest-run-since-2008-warns-world-bankhttps://www.theasset.com/article/54217/world-bank-warns-of-weakest-global-growth-in-17-yearshttps://finimize.com/content/world-bank-lowers-global-growth-forecasts-amid-trade-tensionshttps://openknowledge.worldbank.org/entities/publication/a2c8fea0-4059-490f-879f-4fda91c67313https://www.worldbank.org/en/publication/global-economic-prospectshttps://thedocs.worldbank.org/en/doc/8bf0b62ec6bcb886d97295ad930059e9-0050012025/related/GEP-June-2025-Analysis-EAP.pdfhttps://apiapsmiphacon2024.com/the-1000-stimulus-check/https://www.marca.com/en/lifestyle/us-news/personal-finance/2025/06/10/68487490ca4741b77c8b45e6.htmlhttps://www.fingerlakes1.com/2025/06/12/irs-june-2025-payment-tracker/https://economictimes.com/news/international/us/google-layoffs-2025-tech-titan-offers-buyouts-to-u-s-employeesare-layoffs-next-google-news/articleshow/121779133.cmshttps://www.the-independent.com/news/world/americas/store-closures-retail-layoffs-economy-b2767340.htmlhttps://fortune.com/2025/06/10/paramount-layoffs-june-2025/https://techcrunch.com/2025/06/16/tech-layoffs-2025-list/https://kleanindustries.com/insights/market-analysis-reports/recent-corporate-layoffs-major-company-cuts-2025/
Simply Economics
Every day, a team of AIs deliver simple, straightfoward news from the world of economics.