African countries are facing a huge problem brought on by a sovereign debt crisis.
At least a dozen sub-Saharan Africa countries have raised debt through sovereign bonds. The chickens are now coming home to roost.
Rousseff faces her biggest trial.
Rousseff is about to go on trial for allegedly borrowing $11 billion to fund social programs and conceal a budget deficit. Why is that a crime?
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Watch out on budget day for how creative Treasury assumptions are on inflation.
African governments have some hard decisions to make if they want to breathe new life into the ‘Africa Rising’ narrative.
Africa needs to navigate the difficult economic waters that lie ahead without undoing the gains of the past two decades. Success will require difficult political choices.
South Africa’s Finance Minister Pravin Gordhan’s budget fell short on cost-cutting details.
The budget showed some sense of urgency but still fell short on implementation plans. There should have been more, particularly details on cost-cutting initiatives.
Thousands of civil service employees gather during a protest march for higher pay at the Union Buildings in Pretoria in 2010.
South Africa's government should urgently announce a moratorium on civil service employment growth. The country has reached its upper limit in the number of civil servants that can be sustained.
The Australian dollar has remained low for some time, but the expected growth uptick is yet to arrive.
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The reporting of "higher than expected" inflation seemed a bit overblown.
Chair Yellen and her colleagues decided the economy isn’t ready.
The Fed's policy-setting committee decided to keep its benchmark interest rate unchanged. Here's why that's the wrong call.
Scientists are searching for collisions between different ‘universe bubbles’ in the cosmic microwave background.
The idea that our universe is just one in a 'multiverse' of parallel universes is increasingly gathering attention from cosmologists. But can we ever test the theory?
Running the economy is a bit like running a race…
Jogger wall via www.shutterstock.com
My buddy is training for his third Chicago Marathon. I’m preparing for a 10K mud-run. He’s really fit and a family nurse practitioner, so I seek his advice on how to get in shape and what to eat. His advice…
Zimbabwe dollars are being decommissioned at a rate of 35 quadrillion per US dollar, with eight alternative currencies to choose from.
Most private sector workers are feeling fatter wallets these days because inflation has been so low.
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Inflation-adjusted wages for most private-sector workers are the highest since 1979.
South African Reserve Bank Governor Lesetja Kganyago is the third since the bank adopted a more transparent way of operating.
The South African Reserve Bank is a fine example of clear communication of the decision whether to hold, increase, or decrease interest rates. It also gives clear signals of future decisions.
Down but not out.
The UK has slipped into deflation for the first time since 1960. Here's why it's unlikely to stay for long.
Treasurer Joe Hockey must weigh all aspects of Australia’s economy in his budget.
As we head into the federal budget tonight, all eyes will be on how the Coalition government might tackle some challenging economic data affecting Australia's economy.
What’s in your basket?
It is important not to see the Consumer Price Index as some kind of cultural mirror.
The drop in oil prices, and consequently fuel costs, is driving down inflation and helping the Australian economy.
The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
Keeping them waiting. Mario Draghi.
World Economic Forum
Mario Draghi did get round to announcing a much-anticipated new round of quantitative easing (QE) in the end, but never have nine minutes felt so long. The world tuned into the European Central Bank press…
This government is fond of comparing the economy to a household budget - but there is one really major difference.
Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut…
Marlins owner Jeffrey Loria and slugger Giancarlo Stanton are all smiles as Stanton signs his $325 million deal.
USA Today Sports/Reuters
In baseball history, nine players have signed guaranteed contracts worth over $200 million. Five of those contracts have been for ten years. Two of the five belong to Alex Rodriguez; the others include…