What remains distressing to Africa is the fact that both the US Strategy Toward Sub-Saharan Africa as well as the US National Security Strategy are premised on the counterproductive and senseless approach by the US of posi...
the euro area, the HICP headline rate now stands at 2.6%–less than a quarter of what it was at its peak of 10.6% in October 2022. The rapid decline in energy and food prices, which had risen sharply after Russia's invasion of Ukraine, was certainly a major factor. But monetary polic...
Subsidies funded by Russia's regional governments represented about 5.2 percent of GDP in 1995, almost triple the 2 percent of GDP in subsidies funded by the federal government. Regional policies vary greatly, influenced more by local factors than by the federal government. To find out what ...
In a command economy, the government controls the economy through various commands, laws, and national goals which are used to coordinate complex social and economic systems. In other words, a social or political hierarchy determines what is produced, ho
China is a key investor and trade partner in the BRICS group. In the first five months of the year, trade between China and other BRICS countries recorded a 12.1 percent year-on-year rise to reach 195.96 billion U.S. dollars, growing faster than China's overall foreign trade in the same...
(Reuters) - Russia will wait and see how billionaire Elon Musk's ownership of Twitter will affect the platform, Kremlin spokesperson Dmitry Peskov said on Thursday, adding that he doubted Western social media were capable of reflecting different points of view. Musk on Monday reache...
Litra, of the New Europe Center, said the Western Balkans' protracted membership process shows accession is not always merit-based and equally dependent on intra-bloc politics. "We need all the stars to align, basically." (Reporting by Dan Peleschuk; Editing by Mike Collett...
The World Economic Outlook (WEO) is a comprehensive report published twice a year by theInternational Monetary Fund(IMF). It includes the IMF's estimates and forecasts for global output growth and inflation as well as forreal gross domestic product (GDP)growth, consumer prices,current accountbalan...
Oil prices hit decade highs in March 2022 in response to Russia's invasion of Ukraine and the subsequent U.S. ban on imports of Russian oil. Shifting Trends Crude oil was a bigger contributor to inflation in the 1970s, when it was used much more intensively per unit of economic output....
Hyperinflation is a rare event for developed economies but it's occurred many times throughout history in countries such as China, Germany, Russia, Hungary, and Georgia. Key Takeaways Hyperinflation refers to rapid and unrestrained price increases and inflation in an economy over time, typically at...