Many countries are dealing with a rapidly rising cost of living.
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January 6, 2023
Alan Shipman , The Open University ; Aymen Smondel , Université Côte d’Azur ; Bhima Yudhistira Adhinegara , Center of Economic and Law Studies (CELIOS) ; John W. Diamond , Rice University ; Luis Garvía Vega , Universidad Pontificia Comillas ; Mohamad Hassan Shahrour , IAE Nice - Université Côte d'Azur ; Peter Martin , Crawford School of Public Policy, Australian National University , and Wayne Simpson , University of Manitoba
Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.
Energy price crisis.
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Government attempts to manage energy prices could actually create more volatility in oil and gas markets.
This could get ugly.
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Central banks are raising interest rates to tame inflation, but 2023 will increasingly turn a technical decision into a political challenge.
Financial worries stemming from austerity could span generations.
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Public spending cuts and the soaring cost of living will not only affect people lives now, but could trickle down through generations.
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As the year ends, how has New Zealand fared on global and domestic measurements, from social and economic freedoms to tackling poverty and homelessness?
A banner is displayed to advertise diesel available at a filling station in Lagos, Nigeria.
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From the economic perspective, the year 2022 will be remembered, by many Nigerians, as a time of dashed hopes and disappointments.
Although a recession is likely on the horizon, it’s uncertain how deep it might go.
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Although many say the economic outlook for next year appears bleak, there is room for optimism.
Different accounts, different interest rates.
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Mortgage rates have rocketed in recent months, but what about the rate on your savings account?
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Certain parts of the UK are classed as “left behind” and will feel the effects of an economic downturn more acutely than others.
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The fleeting nature of prices is prompting bold new research in econophysics and finance.
Motorcycle taxis queue for fuel in Nairobi in April amid shortages.
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With Uhuru Kenyatta leaving office to make way for a new leader, it was always going to be an eventful year for Kenya.
Homebuyers are receiving something of a holiday gift in falling mortgage costs.
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The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
Unbearable pressure: Fed Chair Jay Powell.
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Central bankers are set to slow down their rate hikes.
The Fed is taking aim at its inflation target.
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The Fed is waging war to get inflation down to its preferred level of around 2%. An economist explains what’s so special about that number.
‘Permacrisis’ is Collins Dictionary’s 2022 word of the year, but polycrisis is a more accurate term to describe the world’s ongoing crises and how they’re interacting with one another.
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What’s a polycrisis? We’re in one, and greed and power are undoubtedly worsening it, but our knowledge remains poor. Experts know a lot about individual risks and crises, but not how they interact.
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Energy bills are about to hurt. But what can the government actually do to ease the pain?
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God bless Scott Morrison, Labor must say to itself daily, as the former prime minister remains a recurring reminder of the bad old days of a disorderly government.
‘Winter fishing on the ice of the Assiniboine and Red Rivers,’ by Peter Rindisbacher, 1821.
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A public relations move by Loblaw Companies is just the latest in a long line of big business antics stretching back to pre-Confederation fur trade in Canada.
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The full effects of the eight consecutive increases in the Reserve Bank’s cash rate are yet to become apparent, and there are signs inflation is on the way down.
Younger generations are finding it harder to meet traditional financial milestones.
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Owning a home by age 30 is increasingly a distant dream thanks to a growing generational wealth gap.