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Yellen’s economic challenges

U.S. Treasury Secretary Janet Yellen last week told Reuters that U.S. economic growth remains strong despite recent weak data, and that the Biden administration was keeping all options open to respond to threats from China’s excess industrial capacity. 

Yellen’s comments in an exclusive in Washington D.C. echo major macroeconomic priorities for many policymakers around the world – encouraging post-pandemic growth while reining in inflation, and dealing with China’s overproduction of everything from electric vehicles to solar panels, which is hurting manufacturers in numerous countries.

A new Reuters poll of economists suggests the global economy is set to stay on a roll for the remainder of the year and into 2025, defying earlier expectations of a slowdown.

Yet worries persist, particularly about the U.S. economy. A recent think piece by Reuters Breakingviews pondered whether the world economy’s star athlete was running out of puff – and what happens if it does.

Meanwhile, also under the Reuters NEXT banner, a team of our expert journalists discussed Asia’s bumper election year in an Editors Briefing. Senior correspondents across India, South Korea, Southeast Asia, and Taiwan delved into the latest results in polls involving 2 billion people in the region – and what they mean for democracy, business and the global economy.

Coming up NEXT: 

  • Reuters NEXT Newsmaker with UBS CEO Sergio ErmottiMay 13. We talk with Ermotti a year after UBS’ rescue of smaller peer Credit Suisse about the challenges of the integration and leading a wealth manager whose balance sheet now dwarfs the Swiss economy. Register for the livestream of this event, in partnership with LSEG, here.  
  • Reuters NEXT Newsmaker with ECB Chief Economist Philip Lane, June 17. Lane discusses a new era of central banking as the global economy shifts gears. Register for the livestream of this event, in partnership with LSEG, here

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