What Is Happening to Growth and Inflation?COVID has amplified the shocks to the CFA economies. For the last decade, overall macroeconomic performance of the zone has resulted in lower growth over a longer period than in the non-CFA economies in Africa, but also lower inflation....
Based on theRule of 72if inflation is 7.2% it will take roughly 10 years for prices to double. With 2.75% inflation, prices will double in roughly 26.2 years (72 ÷ 2.75= 26.18 years). Prices doubling in 26.2 years may not seem so bad, but if you retire at 62 on a fixed income,...
No single factor has led to a crisis of this magnitude. This is a combination of the pandemic's impact, the energy price cap lift, debt, rising taxes, inflation, the rising cost of goods and services, and, I would argue, a lack of governing balance supporting growth and tackling ground-...
Between 1 July and 4 August, 285 people are reported to have died amid clashes with police, including 91 on the final day, which made it the deadliest of Sheikh Hasina's 15 years in power. On 5 August, the military intervened and convinced her to resign. A helicopter...
5. Luxury is a top performer According to our Industry KPIs, luxury was one of the top-performing categories in terms of indexed average order value growth, driven by wealthier consumers who are spending more per transaction. Why we care: Inflation hasn’t taken the wind out of luxury’s...
Food inflation is running at 60% per year, with some items, like limes, rising in a year by as much as 220%. All this has led to people going hungry and unable to use their vehicles. In many cases, they are desperate. Image:Protesters stand on...
WTH is Happening With Campus Protests This Fall? FIRE’s Greg Lukianoff on the Threats to Free Speech September 19, 2024 Free speech is under attack on America’s college campuses. 2023 was already set to be the worst year for de-platforming – speakers being canceled or shut down be...
What is happening with the Child Tax Credit? Right now, there is a deal to expand the Child Tax Credit (CTC), which includes the possibility of making some changes retroactive to 2023 — the tax year that people are currently filing for. ...
he is giving recommendations that fall under the suitability standard and when he is giving advice under the fiduciary standard," says Jake Norton, co-founder of Stewardship Financial. "Because I started my career as a broker, I can tell you that this type of disclosure is not happening." ...
Even with the latest data prints providing more clarity, there are still plenty of question marks. We outline our thoughts on where central banks are headed.