Tag Archives: inflation

Why that will lead to larger fiscal deficits, more debt monetisation, and higher inflation in future COMMENT | Nouriel Roubini | Inflation rose sharply throughout 2022 across both advanced economies and emerging markets. Structural trends suggest that the problem will be secular, rather than transitory. Specifically, many countries are now engaged in …

United Nations | Xinhua | World output growth is projected to decelerate from an estimated 3.0 percent in 2022 to 1.9 percent in 2023, marking one of the lowest growth rates in recent decades, according to a UN report launched on Wednesday. The UN World Economic Situation and Prospects 2023 report …

London, UK | Xinhua | Further strikes were announced by teachers and nurses in the United Kingdom (UK) on Monday, amid the continued cost-of-living crisis and lengthy disputes over pay. If progress is not made in negotiations by the end of January, February will see the most widespread strike so far …

Beijing, China | Xinhua | The year of 2022 saw a world in turmoil: the United States fueled one conflict after another, the Ukraine crisis dragged on, the COVID-19 pandemic lingered on with Omicron emerging as the new strain. Inflation, food crisis, energy security, a sluggish world economic recovery, a worrisome …

London, UK | Xinhua | United Kingdom (UK) Prime Minister Rishi Sunak pledged to halve inflation and boost the country’s economy in his first major speech in 2023 on Wednesday. Sunak made five pledges. These are: to halve inflation; to grow the economy; to reduce national debt; to cut hospital waiting …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Thursday signed a 1.7 trillion-U.S.-dollar spending bill for the federal government. The legislation will keep the federal government operating through the end of the federal budget year in September 2023 and avoid a partial shutdown before the end of 2022. The …

How government’s recent borrowing and spending binge has put us on the highway to Ghana THE LAST WORD | Andrew M. Mwenda | Ghana is in a serious economic crisis. In November, its inflation rate was 50.3%. On December 19, it all but declared bankruptcy. In a press statement, its government announced …

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has reached an agreement with the Ugandan government for a release of about 240 million US Dollars (873.8 billion Shillings) in financing to the country. The agreement which is subject to approval by the IMF Board, is part of the …

Russia has made it clear that it will not export oil to countries that enforce price caps Rome, Italy | Xinhua | A price cap on Russian seaborne crude recently agreed by the European Union (EU), the Group of Seven (G7) nations and Australia came into effect on Monday. Whether the …

Geneva, Switzerland | Xinhua | The severe inflationary crisis combined with a global slowdown in economic growth are causing a striking fall in real monthly wages in many countries, reducing the purchasing power of the middle classes and hitting low-income households particularly hard, the International Labour Organization (ILO) said on Wednesday. …