Photo by Anna Tis on Pexels.com It's all going up: electricity, diesel, vegetables, the Internet, hotels, flights, and now, interest rates. The war in Ukraine, the on-and-off lockdowns in China, a persistent power crunch and disrupted production chains have bumped into a huge appetite for goods and services, upsetting the delicate balance between supply and … Continue reading Why central banks raise interest rates during economic recession
IMF Managing Director Kristalina Georgieva addresses the G20 Finance Ministers Meeting in Nusa Dua on the Indonesian resort island of Bali, July 15, 2022/CFP International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the "exceptionally uncertain" … Continue reading Global economic outlook exceptionally uncertain – IMF Chief
Unemployment in the U.S. is swelling to levels last seen during the Great Depression of the 1930s, with 1 in 6 American workers thrown out of a job by the coronavirus. More than 4.4 million laid-off workers applied for unemployment benefits last week, the government said Thursday. In all, roughly 26 million people — the … Continue reading The impact of COVID-19 on US workers and global economies
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