Russia’s invasion isn’t only devastating the lives of ordinary Ukrainians but is also disrupting global supply chains and increasing poverty around the world.
An ethanol refinery in Chancellor, South Dakota.
AP Photo/Stephen Groves
Allowing the sale of gasoline that’s 15% ethanol year-round won’t have much impact on gas prices, but recent research shows that growing corn for fuel affects the climate – for the worse.
Peter Martin, Crawford School of Public Policy, Australian National University
Why raise rates now, for the first time in more than a decade? If the Reserve Bank isn’t careful, too many more rate hikes like this might help bring on a recession.
A soft landing may be out of the Fed’s reach.
Oliver Furrer/Stone Getty Images
The Federal Reserve is expected to lift interest rates a half point at its next meeting and more in the coming months, but it may be too late to forestall an economic downturn.
In the face of rising food prices in Nigeria, many salary earners have had to change the quality of foodstuff they buy or opt for cheaper alternatives.
Tracking changes in net wealth is one of the best ways to see who benefited from economic growth.
Chris Rogers/Photodisc via Getty Images
Philip Lowe mightn’t be a household name but the Reserve Bank governor finds himself catapulted right into the centre of this election campaign, in which events are proving more important than policies.
University of Canberra Professional Fellow Michelle Grattan and University of Canberra Associate Professor Caroline Fisher discuss the week in politics
Politics with Michelle Grattan: Economist Saul Eslake on why Reserve Bank needs to raise rates next week
Michelle Grattan speaks with independent economist Saul Eslake on whether the reserve bank will next week raise interest rates for the first time in an election campaign for the first time since 2007
Peter Martin, Crawford School of Public Policy, Australian National University
Two key economic indicators are the key to predicting most of the past 120 years of federal elections results – including ones the polls have famously got wrong.
A person shops at a supermarket in Moscow in April. War-related sanctions have caused inflation to soar – 2% per week in the first three weeks of the war and 1% per week thereafter, equivalent to 68% per year.
Natalia Kolesnikova/AFP
While the country’s Central Bank may have managed to offset some of the tougher sanctions, the West’s economic broadside has caused long-term damage to “Fortress Russia”.
The Bank of Canada announced a 0.5 per cent interest rate increase on April 13, 2022, in a move to quell Canada’s high inflation.
THE CANADIAN PRESS/Sean Kilpatrick