Chapter News

21 Jan
Chapter News

European Commission | Special Address by President von der Leyen at the World Economic Forum

'Check against delivery' Lieber Klaus Schwab, Liebe Karin Keller-Sutter, Your Majesties, Presidents, Prime Ministers, Excellencies, Ladies and Gentlemen, The first quarter of the century has come to an end. And it has brought about a sea-change in global affairs. This century started with great expectations. 25 years ago, the era of hyperglobalisation was nearing its peak. As supply chains went global, hundreds of millions of people were being lifted out of poverty, especially in India and China. In America, the dot-com boom was at its height, symbolising the...

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21 Jan
Chapter News

EEAS | EU Statement: Joint briefing by the Presidents of the General Assembly and the Economic and Social Council

20 January 2025, New York -- Statement on behalf of the European Union and its Member States by H.E. Ambassador Stavros Lambrinidis, Head of the Delegation of the European Union to the United Nations, at the Joint Briefing by the Presidents of the General Assembly and the the Economic and Social Council. Presidents, colleagues, I have the honour to speak on behalf of the European Union and its Member States. The Candidate Countries North Macedonia, Montenegro, Albania, Ukraine, the Republic of Moldova, Bosnia and...

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21 Jan
Chapter News

European Commission | Remarks by Commissioner Dombrovskis at the Eurogroup press conference

Thank you. Good evening, everyone.  The Eurogroup had a very useful discussion on economic policy priorities for the euro area, which showed a high degree of convergence, and alignment with the agenda of the new commission. While we have successfully navigated a period of significant challenges in recent years, demonstrating a remarkable degree of economic resilience, the euro area continues to be confronted with significant structural challenges. Productivity growth has been slow for too long in the euro area, and euro as...

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21 Jan
Chapter News, Trade & TTIP Related

DoC | Four Years of Transformation at the Department of Commerce

During her tenure as Commerce Secretary, Gina Raimondo oversaw more than $90 billion invested in targeted programs to safeguard U.S. national security, spur innovation, stimulate job creation in good-paying careers, and bolster U.S. competitiveness. Washington, D.C. — Under the Biden-Harris Administration and U.S. Secretary of Commerce Gina Raimondo’s leadership, the Department of Commerce took a new approach to economic policy to turn the agency into an engine of innovation and growth. With transformational investments to enhance U.S. competitiveness, Secretary Raimondo worked...

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17 Jan
Chapter News

EEAS | Top 10: EU & US Stronger Together

Stronger Together European Council President António Costa and European Commission President Ursula von der Leyen look forward to positive engagement with the incoming US Administration. In a rough world, the EU & US are stronger together. The Middle East We welcome the ceasefire and hostage release agreement in Gaza. Hostages will be reunited with their loved ones and humanitarian aid can reach civilians in Gaza. This brings hope to an entire region, where people have endured immense suffering for far too long. California...

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17 Jan
Chapter News

IMF | As One Cycle Ends, Another Begins Amid Growing Divergence

Blog post by Pierre-Olivier Gourinchas | We project global growth will remain steady at 3.3 percent this year and next, broadly aligned with potential growth that has substantially weakened since before the pandemic. Inflation is declining, to 4.2 percent this year and 3.5 percent next year, in a return to central bank targets that will allow further normalization of monetary policy. This will help draw to a close the global disruptions of recent years, including the pandemic and Russia’s...

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16 Jan
Chapter News

DoC | U.S. Department of Commerce Announces $1.4 Billion in Final Awards to Support the Next Generation of U.S. Semiconductor Advanced Packaging

Today, the U.S. Department of Commerce has announced that CHIPS National Advanced Packaging Manufacturing Program (NAPMP) has finalized $1.4 billion in award funding to bolster U.S. leadership in advanced packaging and enable new technologies to be validated and transitioned at scale to U.S. manufacturing. These awards will help establish a self-sustaining, high-volume, domestic, advanced packaging industry where advanced node chips are both manufactured and packaged in the United States.    These awards include: A total of $300 million under the CHIPS...

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16 Jan
Chapter News

OECD | Pillar One Update from the Co-Chairs of the Inclusive Framework on BEPS

Following our update in May 2024, we want to report on the progress made by the Inclusive Framework on BEPS (IF) in the development of a final package for Pillar One of the Two‐Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy agreed in October 2021. This package includes two components: a text of the Multilateral Convention (MLC) to implement Amount A and a framework for Amount B. Amount A Amount A introduces a system...

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15 Jan
Chapter News

IMF | Top Five Trends in the Role of the Accounting Profession on Public Finances in 2025

By Srinivas Gurazada | Historically, accountants have been perceived as mere ‘bookkeepers’ who record vouchers and prepare budget execution statements of government. Accounting was seen as a technical responsibility of the Accountant General's office, which prepares financial statements, and the Auditor General, who conducts audits. This was considered a ‘control formality’ with limited implications for the rest of the government or citizens. However, the past two decades have seen significant changes to this perception. Here are five top trends...

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15 Jan
Chapter News

ECB | Exploring an uncertain future with the help of scenarios

Blog post by Matteo Ciccarelli, Matthieu Darracq Pariès, Bettina Landau and João Sousa | Central banks project future developments based on past data patterns and a set of assumptions. Crises can change economic structures, complicating this forecasting. The ECB Blog explains how scenario, risk and sensitivity analyses address the new uncertainty. We use economic models and data patterns from the past to project the future. In normal times, assessing what conditions will be like in the near future can be...

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