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Italy is Europe’s next big problem

  Emmanuel Macron looks on course to become France’s new president, ending the threat of a euroskeptic at the Elysee. Even if Macron wins, though, it’ll be too soon to celebrate a new phase of stability in the euro zone. Across the Alps, an economic and political storm is brewing — and there’s no sign anyone can stop it. Italy’s ...

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Reviving productivity is a moral imperative!

  The United States is a land of diminished economic prospects. Today the recession is over but the slowdown isn’t: The most recent projections by the Federal Reserve imply future growth in output per head of barely 1 percent a year. That matters for many reasons. For one thing, as Benjamin Friedman argued in “The Moral Consequences of Economic Growth,” ...

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Saudi markets drop with oil

  DUBAI / Reuters Saudi Arabian stocks fell on Wednesday after oil prices slipped, while an interview by the top economic policy official, Deputy Crown Prince Mohammed bin Salman, did little to boost sentiment. Other regional bourses were mixed in quiet trade. Advanced Petrochemical drop-ped 2.5 percent after the polypr-opylene maker posted first-quarter net income of 124 million riyals ($33.1 ...

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