Nigerian soldiers pictured at their post on the land border with Niger in 2015.
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Border closure is an implicit admission of the ineptitude and incompetence of Nigeria’s customs and immigration officers
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To understand an economic reality where growth is increasingly more qualitative than quantitative and where environmental constraints need a careful understanding, economics needs a major overhaul.
Britain is still split over Brexit.
EPA-EFE / Neil Hall
It’s time to break the deadlock with a referendum on no-deal Brexit or Theresa May’s withdrawal agreement.
Despite a slowing economy, Josh Frydenberg says ‘you wouldn’t want to be in any other economy, other than Australia’.
James Ross/AAP
Politics with Michelle Grattan: Treasurer Josh Frydenberg on a slowing economy
This week's June quarter national accounts showed the weakest economic growth since the GFC, but Treasurer Josh Frydenberg remains optimistic.
Hard times in Harare.
Aaron Ufumeli/EPA
As Zimbabwe’s financial situation worsens, the government pins its hopes on borrowing more money.
‘Avengers – inflate!’
Reuters/David Mercado
Disney says the Marvel movie just beat ‘Avatar’ as the top-grossing movie of all time. Inflation tells a different story, as an economist explains.
Cap is probably not a fan of inflation.
Marvel Studios
It’s why Marvel’s effort to break the worldwide box office record is doomed, as an economist explains.
Relationships can be tough.
Reuters/Carlos Barria
President Trump has discussed firing Fed Chair Jerome Powell over the central bank’s interest rate policies. Research shows this kind of political meddling is usually bad for the economy.
The price of bread has been one of the drivers of inflation in South Africa.
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Most South Africans think prices are rising much faster than is actually the case. This makes the central bank’s job of managing inflation expectations much harder.
Fed Chair Powell signaled he’s ready to cut rates if necessary.
Reuters/Kevin Lamarque
The Fed is in a tricky position as it signals it may soon cut interest rates to boost the economy, which also risks spurring runaway inflation and even an economic downturn.
Sanctions are making life increasingly difficult for ordinary Iranians, such as those in Isfahan.
Doug Hostetter
Growing fears of a US conflict with Iran show why the kind of unilateral sanctions the Trump administration imposed last year don’t work.
On the first Tuesday of every month but one the Reserve Bank has to make a decision. This time the inflation rate is zero.
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Interest rate cuts don’t work like they used to, and they help us put off the hard things we need to do to improve our lives.
The case for cutting rates is strong, but there’s a stronger case for waiting. The Reserve Bank’s Sydney HQ.
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The Reserve Bank has adjusted rates in previous election campaigns, but it needs to have a very, very, good reason.
The last time inflation was zero the Reserve Bank cut rates twice. It’ll get the chance on May 7.
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Inflation has barely been within the Governor Philip Lowe’s target band his entire time in office. Zero inflation means he should cut now, before the election.
UK Parliament/Stephen Pike
Parliaments might argue more but they make democracy more stable and produce stronger economies.
Philip Lowe tells the Press Club on Wednesday there’s now an even-money chance rates will be cut.
Dan Himbrechts/AAP
Rates might need to be cut urgently, and because things are good. Governor Lowe has signalled he won’t wait.
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Numbers are largely viewed as holding the truth. But this is an unrealistic expectation.
Venezuelan President Nicolás Maduro created a new cryptocurrency called the ‘Petro’ to combat hyperinflation.
Reuters/Carlos Garcia Rawlins
When an elected leader turns autocratic, the economy tends to suffer. That’s because, in a functioning democracy, economic policy is made jointly, with lawmakers playing a key role.
Economists expect the cash rate to remain steady for yet another year even though inflation is on the floor.
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The Reserve Bank’s inflation target seems out of date in a world of ultra low inflation. So why is Governor Lowe persisting with it?
Federal Reserve Chairman Jerome Powell speaks at a news conference.
AP Photo/Alex Brandon
The Fed abruptly ended two years of aggressive interest rate hikes, signaling the longest economic expansion on record may be coming to a close.