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By dr. Andrei RADULESCU, Macroéconomiste international senior
In recent months, the macroeconomic indicators in the United States (the largest economy in the world, representing 26% of the global GDP) have shown mixed developments, driven by the persistence of elevated uncertainty and by opposite forces: the consequences of the conflict in the Middle East (including intensifying inflationary pressures, with a negative impact on the real disposable income of the households) and the implementation of artificial intelligence (with positive effects on multifactor productivity). Indeed, the level of uncertainty in U.S. economic policy increased in May 2026 compared with the previous month, according to data from the Federal Reserve Bank of St. Louis...
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