Tag Archives: economic

Venezuela’s economy is poised to grow by as much as one-fifth in 2022 as a surge in production of crude triggers an eye-popping rebound for the nation’s GDP, which saw a dramatic decline amid US sanctions, according to Credit Suisse economist Alberto Rojas. “These are not typos! If we are …

Following the resignation of Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal on Monday, President Gotabaya Rajapaksa dropped his brother, Basil Rajapaksa, as finance minister in an attempt to reshape the country’s government, amid massive protests over a deteriorating economic crisis. The Rajapaksa’s political clan has been accused of nepotism …

The Russian currency has risen dramatically over the past three weeks, reflecting the efficiency of the monetary policy adopted by the central bank in response to sanctions. Another major boost was last week’s government decision to demand that “unfriendly” states pay for natural gas only in rubles rather than in …

Russian President Vladimir Putin has opined that the latest raft of unprecedented sanctions imposed on Russia by the US and its allies over the Kremlin’s military campaign in Ukraine, mark the end of an era. According to Putin, from now on the West will be losing its “global dominance” both …

The news that US inflation has reached its highest level for 40 years, at 7.5% in January, is the most explicit indicator of serious problems in its economy. The monetary tightening that will be used to attempt to bring this under control will both slow the US economy and inevitably …

The British economy grew by 7.5% in 2021, following a slump of nearly 10% the year before when Covid-19 lockdowns and enduring restrictions disrupted economic activity, the Office for National Statistic (ONS) said on Friday.  The figure represents the strongest gross domestic product (GDP) growth since 1941, when Britain and …

Famed writer and economist Robert Kiyosaki has warned that the actions of governments – such as spending 16% of global GDP on the Covid pandemic and massive money printing – could lead to a crash so big that even the global reserve currency, the US dollar, becomes “worthless.” In the …

The ongoing saga with the Nord Stream 2 gas pipeline and its long wait for approval and certification shows that Germany has no freedom to pursue its own economic interests, Russia’s foreign minister has claimed. Speaking to the Russian First Channel on Thursday, Sergey Lavrov suggested that right now Berlin doesn’t …

When asked by the BBC on Thursday whether China was beating the US, Dalio said: “Yes, it’s winning.” “Their growth rate at a slow level is about twice the Western world’s growth rate at a fast level.” The billionaire also predicted that the Chinese economy will overtake the US in …

Fewer than half of all Americans (44%) are confident that Biden can “ensure a quick post-pandemic economic recovery,” according to an Axios/Ipsos poll published on Tuesday. While Democrats and independents are far more likely to believe this statement than Republicans, their trust is waning. Just 71% of Democrats trust Biden’s …