Last article of section "Economy and Business"
The dramatic aging of the world’s population will impose a “demographic tax” on economic growth over the next two decades, warned a recent report published by Moody’s Investors Service. The report, titled: "Population Aging Will Dampen Economic Growth over the Next Two Decades," warned that policy reforms and tec...read more
Articles from section "Economy and Business"
Pope Francis appointed on Saturday eight cardinals and seven expert laypersons to the new Council of the Economy – a quasi-Ministry of Finance for the Vatican that Pope Francis established …read more
Cardinal George Pell, Archbishop of Sydney, Australia, has said he is “deeply honoured” to be appointed prefect of the newly created Secretariat for the Economy. The Vatican announced …read more
In the face of poor economic forecasts and budget shortfalls, the Holy See is to take various measures to reduce expenditure. These include a hiring freeze, non-renewal of temporary …read more
The Vatican announced today that Francis has established a new structure to coordinate the economic and administrative matters of the Holy See. Cardinal George Pell of Sydney as prefect of …read more
Here is a Vatican translation of thefull text of Pope Francis' Apostolic Letter issued Motu proprio, “Fidelis et dispensator Prudens”, and dated today. * * * Like a faithful and prudent …read more