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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...
S:In 2021, a wide range of industries was hit by unexpected regulations, from the education sector to internet platforms to the gaming industry. Going into 2022, it is likely we will see more regulations be released to further strengthen China’s growing regulatory regime for digital industries...
In recent years, economists have questionedwhether GDP is the best measure of growth. GDP was never intended to be an index metric to represent the overall performance of an economy. And increasingly, GDP seems less and less reflective of economic realities. For one thing, analysis by theMcKins...
Africa would not like to see a repeat of the US-Africa summit that former president Barack Obama convened in Washington in August 2014, the outcome of which was received in a luke-warm fashion across Africa. Apart from...
The magnitude of the revisions was astonishing, and we speculated here the large-scale influx of legal and illegal migrants – estimated by the Congressional Budget Office at around 6 million total in 2022 and 2023, plus more in 2024 – was finally getti...
China's low-carbon strategy was laudable, said Phay Siphan, Cambodian government's chief spokesman. "It truly demonstrates China's commitment to promoting global carbon emissions reduction and green development." OPPORTUNITIES FOR EVERYONE Green is the new gold. As China is transitioning towards a ...
In 2022 and 2023, the Federal Reserve imposed a series of interest rate increases on the nation's banks. The purpose was to raise interest rates throughout the economy in order to reduce demand for loans and therefore reduce inflation in the costs of goods and services.2 In truth, most of...
while the other half earn below that number. Real median household income in the United States in 2022 was $75,149, whereas per capita income was lower at $41,261.2
However, if inflation for the same period was 4%, income would only be up by 6% in real terms. Inflation erodes the purchasing power of the consumer and limits any increases in income. As a result, per capita income can overstate income for a population. ...