Ordinary Russians are facing the prospect of higher prices as western sanctions over the invasion of Ukraine sent the ruble plummeting. That’s led uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era.
(AP Photo/Pavel Golovkin)
Stock markets have been falling all year on concern the world risks slipping into a recession, which begs the question: how would we know if we were in one?
Perhaps this is not technically a recession, but certainly it looks, smells, and feels a lot like one.
AAP/ Sam Mooy
It’s economics 101: to pay down debt, you must restrict spending or raise taxes. To stoke an economy, you’ve got to do the opposite. So which way will this government go?
So the International Monetary Fund has revised its economic growth forecast for the UK upwards. It now expects 2.4% growth in the UK this year, up from the 1.9% they predicted a few months back. Cue celebratory…
While the Coalition has criticised Australia’s public debt levels, it is the country’s private debt that is the big issue.
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Liberal MP Andrew Robb has criticised the rise in public debt under the current Gillard government in a recent ABC radio interview. During the interview, Robb claimed growth in public debt was excessive…
Societal ageing is causing Japan’s GDP growth rate to lag.
AAP
Japan might be the third largest economy in the world, but the past 20 years have seen its GDP growth rate fall behind that of its economic rivals, the US and UK. The outlook appears bleak. Recently, Japan…