Tag Archives: inflation

London, UK | Xinhua | While prices in Britain already rose at a pace never seen for decades this winter, a flare-up of the Russia-Ukraine conflict is expected to push the inflation even higher, with millions of households feeling the pinch. Many have slashed the forecasts for the country’s economic growth …

Frankfurt, Germany | Xinhua | The European Central Bank (ECB) unveiled on Thursday a roadmap to wind down stimulus policies and possibly raise interest rates later in 2022. The decision to taper and possibly reverse a years-long policy of negative interest rates came at a time when inflation in the euro …

Kampala, Uganda | THE INDEPENDENT | The high costs of essential household commodities are worrying and Members of Parliament want government to take action and stall rising prices. Kampala Central Member of Parliament, Mohammed Nsereko said the concerns of high fuel prices have now shifted to the increased prices of soap, …

Kampala, Uganda | THE INDEPENDENT | The increase in prices of commodities and services over the last 12 months, ending February 2022 have pushed Uganda’s inflation to 3.2 percent up from 2.7 percent registered in January, the statistics agency has said. Uganda Bureau of Statistics (UBOS) in a Consumer Price Index …

Senate passes stopgap bill to avert shutdown ahead of Friday deadline Washington, U.S. | Xinhua | The U.S. Senate on Thursday passed a three-week spending bill to fund the federal government through March 11, just a few hours before the current funding expired on Friday. The bill, already approved by the …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor  Dr. …

Brussels, Belgium | Xinhua | Weaker economic activity in the Eurozone during the first months of the year will give way to a rebound in the second quarter as the Omicron variant proves milder and governments become wary of imposing strict restrictions, said a Dutch banking company expert. However, higher inflation, …

Washington, U.S. | Xinhua | The U.S. national debt has surpassed 30 trillion U.S. dollars for the first time, raising concerns about future fiscal sustainability, as the Federal Reserve prepares to raise interest rates to tame inflation. The total public debt outstanding exceeded 30 trillion dollars on Monday, which included 23.5 …

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 4.4 percent in 2022, down by 0.5 percentage point from October’s forecast, according to a newly released update to its World Economic Outlook report. Growth will slow as economies grapple with supply …

Washington, U.S. | Xinhua | This week marks one year since U.S. President Joe Biden took office, with plummeting approval ratings and unresolved key priorities. A year ago when Biden spoke to a divided nation, weeks after the U.S. Capitol riot, he said he would bring back unity and do “great …