Europe is facing lower-than-expected economic growth as inflation continues to climb, European Central Bank chief Christine Lagarde revealed on Monday, explaining that the ECB had raised interest rates by 75 basis points in an attempt to control soaring prices. Speaking before the European Parliament’s Committee on Economic and Monetary Affairs on …
Read More »IMF to ‘substantially’ cut global growth outlook — Bloomberg
The International Monetary Fund will significantly reduce its forecast for global economic growth in its next update, according to Ceyla Pazarbasioglu, the IMF’s director for strategy, policy and review, as reported by Bloomberg. “It’s shock after shock after shock which are really hitting the global economy,” she said at a …
Read More »Critical race theory is far more than a political outlook to its adherents, it is a progressive dogma that defines their existence
Critical race theory continues to be a hot-button issue in America, particularly whether or not it should be taught in schools. On the educational front, a great many people are battling against it being introduced into the curriculum, because they believe it is both nonsensical and divisive. Proponents of CRT …
Read More »Fitch upgrades Russia’s growth outlook, projecting economic activity surge
“The second wave of Covid-19 negatively impacted economic activity at the beginning of the year,” the agency’s analysts said. Fitch expects economic activity to rise in the country from the second half of 2021 due to a partial recovery of investments and the vaccination of citizens. At the same time, …
Read More »UN raises global economic growth outlook on increased US consumer spending
UNCTAD expects the global economy to grow by 4.7% in 2021 compared to the previously forecast 4.3%. “The global recovery that began in the third quarter of 2020 is expected to continue through 2021, albeit with a good deal of unevenness and unpredictability, reflecting epidemiological, policy and coordination uncertainties,” the …
Read More »Now is the perfect time for US to reflect on how anti-China outlook is fuelling hatred against all Asians across America
America woke up today to the appalling news of shootings at massage parlors in Georgia that claimed the lives of eight people, including at least six female victims of Asian origin, four of whom were Korean Americans. A suspect has since been arrested. The specifics behind the killings are still …
Read More »The Central Bank sharply downgraded the Outlook on quality of life and the outflow of capital
The Bank of Russia on Friday published an updated block of macroeconomic forecasts, which sharply worsened the assessment of the level of living of the population and the outflow of capital from the country. Despite the rise in oil prices to levels above $ 40 per barrel and support measures, …
Read More »Fitch affirms Belarus ‘ b ‘ with a stable Outlook
On 16 may, Minsk /Correspondent. Learned/. Fitch ratings affirmed long and short-term sovereign credit ratings of Belarus on liabilities in foreign and national currency at level b, forecast “stable”. The rating of Eurobonds of Belarus also confirmed at level, BelTA learnt from the Finance Ministry of Belarus. The rating reflects …
Read More »Sounded unpleasant for Russia, the Outlook for Chechnya
War is simply inevitable. Mental differences between Russians and Chechens are so great that a new war between Nations is inevitable. This was stated by the battalion commander named Dzhokhar Dudayev forces in the ATO Adam Osmayev. “If the Russians can’t even get along with Ukrainians and Belarusians, what can …
Read More »Sounded sad Outlook on Russia
This was not expected. Russian politician, candidate for President of the Russian Federation Grigory Yavlinsky announced the fiction of elections in Russia. “Meanwhile, the state Duma postponed the election of the President on the day of the annexation of Crimea. Apparently, to hold together with the elections a referendum on …
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