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MADRID: The International Monetary Fund raised its forecast for Spain’s economic growth this year to 1.9% from 1.5%...

The reduction in working hours is also concentrated among young people, who are spending more time on their studies, an IMF study has indicated. The richer the country, the fewer hours people work

Central bankers believe their theory gives them understanding how the economy works, but less competition has cut the power of interest rates to reduce inflation.

EU and global regulatory monitoring, documents, policy positions, and data on business, finance, digitization, security, and sustainability.

Article content Its findings underline concerns that the greater concentration of mega firms in economies, especially in the midst of the digital revolution, mean these outsized cash-rich businesses are also less sensitive to credit markets and bank lending – key conduits through which central bank policies affect overall activity. The implications are potentially huge. If growth rates are significantly higher in the years ahead and inflation keeps rising well above central bank targets for years, will central banks be forced into more severe tightening and interest rate rises than usual to...