What lies at the core of the U.S. ailing economy?
Автор: CGTN
Загружено: 2024-08-15
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The latest U.S. Consumer Price Index report shows inflation further dropping to 2.9 percent, the first time to fall below 3 percent in more than three years. Though this is good news, it's not enough to offset the U.S. bleak July employment report and an unemployment spike, maintaining concerns that the world's largest economy could still be gliding toward a possible recession. Is the U.S. economy still at risk of a recession, or is a "soft landing" still possible? Why do most Americans say the economy is going in the wrong direction? And what are the main problems facing the U.S. that could influence the global economic landscape?
Guests in this edition of Dialogue are Steve Keen, crowdfunded professor of economics on Patreon; Michael Sung, director of the Institute for Digital Finance Innovation at Zhejiang University; and Radhika Desai, director of Geopolitical Economy Research Group.
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