Economy and jobs
1,152 claims on this topic checked by other fact-checking organisations. Topics are sorted by the words in each claim and cover English-language checks.
“The Rothschild family owns the Bank of England and the U.S. Federal Reserve Bank”
“Chandrayaan 3 Budget – 615 Crore. Haj subsidy annual budget – 685 Crores. What do we need?”
“Joe Biden announced that the U.S. dollar will now become cryptocurrency.”
“The World Economic Forum “bans natural conception” because “all babies must be lab-grown by 2030.”
“Amid the recent spike in tomato prices, a vegetable vendor in Varanasi took the trouble of hiring bouncers to protect his precious perishables. “I have hired bouncers because the tomato price is too high,” the vegetable vendor, Ajay Fauji said.”
“The World Economic Forum "wants to slaughter millions of pet cats and dogs to fight climate change.”
PolitiFact says: We found no mention of killing pets on the World Economic Forum’s Twitter account or website. The organization said the claim was unfounded when it first surfaced in December.
“Pakistani business magnate Shahzada Dawood was the vice chairman of the World Economic Forum.”
“Claim: Nirmala Sitharaman not said that tomato price will decrease after the construction of Ram Temple”
“The Inflation Reduction Act "cuts pollution by 1 billion tons, cuts emissions by 50% by 2030.”
FactCheck.org says: Even with the law, the U.S. still falls short of the goal of reducing greenhouse gas emissions 50% from 2005 by 2030.
“Says that under his presidency, the unemployment rate has “been below 4% for the longest stretch in 50 years in American history.”
PolitiFact says: Under Biden, unemployment has been below 4% for 16 straight months. But his 50-year time frame excludes two longer stretches when unemployment was below 4%.
“Titan submersible passenger Shahzada Dawood is the World Economic Forum’s vice chairman.”
PolitiFact says: The Instagram post misrepresented the World Economic Forum page on Shahzada Dawood. He was the vice chairman of Engro Corp.
“Median income in this country is … $35,000 a year. Because of Joe Biden's inflation, the average monthly expenses have increased by $500, almost.”
PolitiFact says: The $500 increase in costs because of inflation is based on a June 2022 analysis, when year-over-year inflation was 9.1%. Today, inflation is 4%, so the impact would be smaller.
“The WEF is promoting a 'degrowth' economic theory to depopulate the world”
“World Economic Forum “calls for AI to rewrite Bible, create ‘religions that are actually correct’”
PolitiFact says: Posts misconstrued remarks Yuval Noah Harari, a Hebrew University of Jerusalem history professor, made about artificial intelligence. Harari does not hold a leadership position at the World Economic Forum.
“posters in USA, loud and clear message. Money heist Mr.Modi, we only rob bank, you rob the whole nation #ModiNotWelcome.”
“The World Economic Forum has called for a ban on the Bible”
“We are very happy with PM Modi’s visit, PM Modi made India number 1 in the world, today even my American neighbours ask me to find them jobs in India” said NRI Smita Ben PateI in Wisconsin ahead of PM Modi’s state visit to the United States.”
“For every dollar in federal taxes my constituents pay, we get a mere 93 cents back.”
PolitiFact says: New Yorkers have historically paid out more in federal taxes than they received in federal expenditures. However, the coronavirus pandemic changed this pattern.