When an elected leader turns autocratic, the economy tends to suffer. That’s because, in a functioning democracy, economic policy is made jointly, with lawmakers playing a key role.
Economists expect the cash rate to remain steady for yet another year even though inflation is on the floor.
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Millions of Americans will be shopping for turkeys in the coming days. An economist suggests a few things to keep in mind as you hunt for the perfect bird for your feast.
A KFC in Harare, like many other shops, has shut down as a result of Zimbabwe’s financial crisis .
EPA-EFE/AARON UFUMELI
Emmerson Mnangagwa’s administration is struggling to overcome the national economic destruction wreaked on Zimbabwe over two decades under Robert Mugabe.
Internal strikes throughout the country might harm the economy at least as much as the announced sanctions (Tehran, 2017).
Stella Morgana
As Iran struggles under another round of international sanctions, a widening social gap is putting President Hassan Rouhani’s government under pressure.
It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won’t work.
Sometimes you have to look back to move forward.
AP Photo/Lefteris Pitarakis
US sanctions announced earlier this month may have triggered the plunge in the lira, but the government has been mismanaging Turkey’s economy for years, creating severe vulnerabilities.
Selling a home can trigger capital gains.
Reuters/Mark Blinch
The Trump administration is considering a change to how capital gains taxes are calculated that would save investors roughly $100 billion over a decade.
Can the RBA do anything to address persistently low inflation?
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As with economic growth and wages, the RBA’s response seems to involve crossing as many fingers and toes as possible and publicly proclaiming that things are looking good.
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee.
Reuters/James Lawler Duggan
President Trump has been attacking the Fed’s current policy of slowly raising interest rates. A former central bank official explains why that’s so troubling.
Demonstrators show their support for anti-government protests in Iran in front of the White House in January.
AP Photo/Pablo Martinez Monsivais
The Iranian government reacted to a nationwide truck drivers’ strike with unprecedented restraint, apparently fearful a crackdown might provoke a Trump intervention.