Welfare services are essential for a healthy economy and productive population.
Amid further strain on public funding, we ask: What’s the future of the welfare state in developed and developing nations?
Many countries are dealing with a rapidly rising cost of living.
Price inflation has hit countries differently, but most central banks and governments are concerned about the rising cost of living in 2023.
It’s more necessary than ever before to re-examine the fundamentals of our economic order.
Psychological and social perspectives on economy that were developed by 19th-century philosophers can help us re-imagine economics with a human face.
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.
Is Americans’ low savings rate a problem?
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Americans are saving just over $2 of every $100 in disposable income after setting aside historically high amounts of cash during the pandemic.
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.
Why so sad, George?
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Usually when jobs and wages are rising, it’s a good thing, but right now they may signal higher odds of a nasty recession – and Americans aren’t ready for it.
Emerging economies are facing mounting debts, and the world needs to figure out how to save them from default.
Emerging economies such as Brazil, Egypt, India, and Indonesia are vital global players. Saving them from possible debt default may improve the world’s resilience against the looming global recession.
Black Friday is one of the busiest shopping days of the year.
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A new survey suggests three ways consumers are behaving like the US economy is in crisis, which may become a self-fulfilling prophecy.
Ivory poaching is threatening regional elephant populations.
Japan was one of the world’s largest ivory markets – research explains why the country is no longer a key destination for the product.
‘What’ll I tell my wife and kids?’
A new pan-European research project shows that it’s correct in some areas but completely wrong in others.
Staving off both recession and a financial crisis may take more than a hope and a prayer.
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The Fed is also beginning to reduce its massive balance sheet, which is beginning to cause disruptions in the $24 trillion Treasury market.
Policymakers were too complacent about inflation, and the global economy is paying the price. Australia’s resources mean it is better placed than most.
Pandemic-era government support allowed companies to furlough employees while keeping them on the payroll.
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A redesigned furlough scheme could support people and businesses during the recession without burdening future taxpayers.
Ghana is engaging the IMF over a bailout.
Ghana’s sovereign risk has been downgraded to near junk status by ratings agencies in recent times.
Buildings sit in the water along the shore following Hurricane Fiona in Rose Blanche-Harbour Le Cou, Nfld. Fiona left a trail of destruction across much of Atlantic Canada.
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Amid a number of major crises, the world clearly needs radical change. But what will it look like? The desire to return to pre-pandemic ‘normal’ is powerful, but ‘normal’ is what got us where we are today.
The Bank of England has indicated that the UK may have already entered a recession based on preliminary data.
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Explaining why it can be so difficult to pinpoint whether or not an economy is in recession.
At the right moment, Australia’s Reserve Bank would be wise to stop taking its lead from the US – holding interest rates here steady, even if they’re still rising overseas.
The Fed has a mandate that keeps its focus on the U.S.
AP Photo/Mark Lennihan
The Fed’s recent rate hikes are contributing to higher prices and growing recession risks around the world, yet there are good reasons why the US central bank has to keep its focus domestic.
Canadian economists predict a recession will likely occur sometime in 2023.
With a recession seeming imminent, many Canadians are rightfully concerned about the state of their finances. Here are some ways you can be prepared for one.