It’s the latest attempt to slow soaring inflation and quell the anger of protesting Sri Lankans calling for President Gotabaya Rajapaksa’s removal. Sri Lanka has more than $50 billion in external debt. Sri Lanka will...
The Fed has announced that it could raise its interest rate as many as seven times this year to combat soaring inflation. However, the move risks tipping the economy into recession. deutThe United States Federal...
The dimmer outlook reflects faltering growth in the world’s largest economies, the United States and China. Signaling tough times ahead for households and policymakers, the IMF expects elevated price levels to persist. The global economy...
The global economic recovery is being held back by the ongoing COVID pandemic. However, the mutating coronavirus is just one of the main risks which could dampen investor spirits in the coming year. The global...
The island country’s economy has suffered due to reduced tourism and US sanctions. Cuba ended it’s dual-currency system earlier this year, also contributing to price fluctuations. Cuba will have an inflation rate of over 70%...
Into the uncertainty over the implications of Omicron, the Federal Reserve Chairman injected a particularly hawkish signal into the mix in his testimony before the Senate. These are the two forces that are shaping market...
Washington has said it will release 50 million barrels of crude oil in an effort to bring down gas prices. India quickly announced it would also release 5 million barrels. The Biden administration on Tuesday...
Inflation is back. Some warn of a return to the 1970s, while others downplay recent upticks, arguing outdated myths are being used to drive opposition to stimulus plans. The truth lies somewhere, as ever, in...
This is another moment in the Weirdest Economy Ever, driven by stimulus, forbearance, bailouts, record money printing, record government-deficit spending, exuberant financial markets, and record low costs of funding: For companies in the service sector,...
Rising prices feature in many economic forecasts for the US. It is seen as part of the reflation meme as the vaccines roll out. There seem to be three threads to the discussion. The first is...
If eurozone inflation stays low, the European Central Bank (ECB) could cut interest rates even further and take other steps to boost it, ECB chief Mario Draghi said. The remark prompted accusations from Donald Trump....
The European Central Bank looks has removed a key pillar of its support for the euro area economies. At their final policy meeting this year, ECB governors announced the end of their bond-buying program. A...
