The decision over the weekend to ban the purchase of newly mined and refined gold from Russia is the latest effort by the United States, Britain and their allies to dial up the wave of sanctions they have imposed on Russia in response to its four-month-old invasion of Ukraine. The announcement, made as President Biden […]
What the ban on Russian gold imports means for its increasingly isolated economy. Read More »
G7 leaders pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries. The investment will support projects in low- and middle-income countries that help tackle climate change and improve global health, gender equity and digital infrastructure. The scheme seeks to build a sustainable alternative to
G7 pledges to invest $600 billion into infrastructure for developing countries Read More »
G7 leaders are meeting in Germany to discuss the most pressing global issues, including Russia, a global food crisis, and climate change. The summit could lead to the formation of a ‘climate club’ among member states. The ‘climate club’ may drive forward the decarbonizing of high-emitting industries, higher carbon prices and trade in low carbon
What the G7 Summit could mean for the climate Read More »
Placeholder while article actions load The global economy may be headed for years of weak growth and prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the World Bank alert Tuesday. Not since the 1970s — when twin oil shocks sapped growth and lifted
World Bank warns global economy may suffer 1970s-style stagflation Read More »
The head of the World Bank thinks it might take years to get prices back under control as the US and other face inflation rates not seen in decades. “It’s going to take months and months, and maybe two years to bring inflation back down,” said David Malpass on CBS’s Face the Nation Sunday. Record
One of Quentin Tarantino’s favorite movies is entitled the “Five Fingers of Death,” a 1972 Hong Kong feature that popularized the kung fu genre. Carl Weinberg, chief economist at High Frequency Economics, says, at the moment, four of the five fingers of death are squeezing the global economy. Weinberg says he expects a substantial recession
Four of the five fingers of death are squeezing world output, economist warns Read More »
Nevins is co-publisher of The Fulcrum and co-founder and board chairman of the Bridge Alliance Education Fund. This is the first in a two-part series examining the economic blame game. The Republican National Committee recently published a research document stating: “Biden Is Desperate To Blame Anyone But Himself For The Worst Inflation In 40 Years,
OPINION: The economic blame game, part 1 (Blame your opponents) Read More »
Stagflation—a toxic cocktail of stagnating growth and rising prices—is generally viewed as a relic of the 1970s. But economists are warning it could make a comeback. What is stagflation? The term is broadly defined as sluggish growth tied with rising inflation. Economists haven’t given it much thought since the 1970s, when US consumers lined up
What Is Stagflation? What to Know About the World Bank’s Global Economic Outlook Read More »
More central banks around the world are unleashing a greater amount of firepower policy as they seek to combat unrelenting inflationary pressures. Half percentage-point increases in interest rates are becoming more common, as seen in India and Australia this week. Federal Reserve officials next week are forecast to raise rates by 50 basis points as
Why the world economy will pay a 'hefty price' for the war in Ukraine Read More »
A bear market occurs when a market experiences prolonged price declines. Factors such as a weak or slowing economy or shocks like pandemics or war can all contribute to a bear market. In contrast, a bull market is when stocks are rising – or expected to rise – over a prolonged period. US stocks entered
What is a bear market? Read More »
