US edges closer to debt default, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Ian Shine, Senior Writer, Forum Agenda 1. US edging closer to default amid debt ceiling deadlock Political deadlock over raising the United States’ $31.4 trillion debt ceiling is threatening to push the country into an unprecedented default by as […]

India’s economy stutters, Eurozone inflation falls less than expected, and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. India’s economy stutters, but remains on track to lead world growth India’s economic growth slowed further in October-December, but the government is retaining its growth forecast of 7% for 2022-2023 – a […]

These countries have been the hardest hit by food price inflation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johnny Wood, Writer, Formative Content Historically high commodity prices, Russia’s war in Ukraine, volatile fertilizer markets and other causes, have left many countries facing a cost-of-living crisis with double- and even triple-digit food price inflation, according to the World […]

Has Eurozone inflation peaked? Plus other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Has Eurozone inflation peaked? Eurozone inflation eased far more than expected in November, raising hopes that surging price growth is past its peak. But the European Central Bank’s (ECB) top names […]

Is a recession needed to end US inflation? Plus other news on the economy you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content 1. Is a recession needed to end US inflation? Inflation is at risk of becoming entrenched in the economy because of an overheated job market, making it difficult for the US Federal Reserve […]

Inflation in Europe: Could your morning coffee become a ‘luxury’?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content Inflation is putting pressure on household budgets across the world. But how can you tell what the headline rate of price increases will mean for you? Headline inflation across the 19 countries […]

Inflation’s paradigm shift, explained

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Matthew Blake, Head of Shaping the Future of Financial and Monetary Systems, World Economic Forum, Spencer Feingold, Digital Editor, World Economic Forum The global economy is under attack from an insidious force: inflation. How entrenched in the psyches […]

Launch of the US-EU Task Force on the Inflation Reduction Act

This article is brought to you in association with the European Commission. Bjoern Seibert, Head of Cabinet to European Commission President Ursula von der Leyen met in Berlin on 25 October 2022 with U.S. Deputy National Security Advisor Mike Pyle to discuss a spectrum of priority issues including Ukraine Reconstruction. Additionally, during today’s meeting, Mr. Seibert […]

Inflation tops the list of the world’s biggest worries but there’s plenty more on our minds, survey suggests

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Torkington, Senior Writer, Formative Content “Are you ok?” It’s a question we might all consider asking friends and family right now as the list of global issues we have to worry about keeps growing. Inflation is the […]

Metsola calls for forceful response to energy crisis, inflation, war in Ukraine

This article is brought to you in association with the European Parliament. “We need a revision of the EU long-term budget to adapt to crisis and finance new priorities”, said European Parliament President Roberta Metsola at the European Council. On urgency to act: “Europe’s citizens look to us for direction. We must respond forcefully – in […]

Inflation affects women more than men. Civil society can help

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bincheng Mao, Global Shaper, New York Hub Across the world, we are facing an acute inflation crisis. In its latest economic outlook report, the IMF forecasts global inflation to increase to a record 8.8 percent in 2022, citing […]

5 books to help you understand inflation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content Books are starting to look different because of inflation. “Some cost-conscious publishers are starting to shrink the white space between characters. The text might run closer to the edges of pages, too,” […]

Why is inflation so low in Japan?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Masterson, Senior Writer, Formative Content Inflation of 3%. It’s something many of us may be dreaming of right now, but it’s a reality for those in Japan Its inflation rate stood at that level in August, putting […]

ECB boss pledges to MEPs to fight inflation and restore confidence

This article is brought to you in association with the European Parliament. The European Central Bank President announced future interest hikes, while MEPs voiced concerns about rising energy and food prices, and mortgage rates. On Monday afternoon, during the third hearing this year with the European Central Bank President Christine Lagarde, MEPs in the Economic and […]

The Inflation Reduction Act offers much-needed certainty for climate start-ups

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Illai Gescheit, Partner, Siemens Energy Ventures, Siemens One of the most challenging things about building a new start-up is the element of uncertainty. This feeling of uncertainty is what founders go to sleep with and what they get […]

Inflation, employment, growth: The Eurozone’s economic outlook in 3 charts

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content Global economic growth will slow to 3.2% this year from 6.1% in 2021, the IMF predicts. Europe’s economy is being particularly impacted by the war in Ukraine – because of the rising […]

How to contain the cascading impacts of war in ‘Europe’s breadbasket’

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum Ukraine and Russia supply significant portions of the world’s agricultural commodities. Potential food-related impacts of the war in Ukraine include social unrest in some places and regressive environmental responses […]

What is inflation, and should we worry? An economist explains

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Robin Pomeroy, Digital Editor, World Economic Forum Inflation was low for decades in much of the developed world before COVID. A surge in demand, some problems of supply and soaring energy costs have caused a big jump in […]

These are the countries with the highest inflation

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content The rate of inflation has a big impact on your financial situation, affecting mortgage payments, savings and the cost of your weekly shopping. How the price of goods and services we regularly spend […]

Draghi’s negative interest rates help Eurozone’s cohesion

Super Mario did it again. Only months before leaving the helm of the European Central Bank he made sure his accommodative monetary policy will hold well, even after he leaves Frankfurt am Main. Last Thursday, he pushed interest rates below the zero level for at least another year. Even if his successor will be a […]

Germany resists Macron’s plan for closer and more cohesive Eurozone; Paris and Berlin at odds

Last week, surprising everybody, Francois Villeroy de Galhau, Governor of the Bank of France and member of European Central Bank’s Governing Council said that the decision to stop ECB’s extraordinarily accommodating monetary measures this year, is premature. So, according to him, the central bank must continue applying its extra relaxed measures well beyond this year. […]

Draghi tells the EU Parliament his relaxed policies are here to stay

The too slow or non existing pace of wage increases is the main reason for the non revival of inflation in Eurozone. This is what Mario Draghi told the Economic Committee of the European Parliament last Monday. He added that this is why the economic slack in the euro area may be larger than we […]

Will the end of QE come along with ECB’s inflation target?

The European Central Bank (ECB) will end its Quantitative Easing (QE) programme within the year as the Eurozone continues growing. However, the inflation rate which is not increasing as much as the ECB officials would like, stands as a barrier to its monetary policy. According to Reuters, sources close to the ECB mentioned that the […]

Brexit: UK business fear of a no-deal scenario preparing for the worst

The Confederation of British Industry annual conference which took place last Monday in London was a chance for Prime Minister Theresa May to ask for more patience from the business world. Something though that seems to have been lost as negotiations show no significant progress and time presses both sides. A survey by the Chartered […]

Extra mild ECB tapering of QE and zero interest rates keep euro low

Last Thursday, Mario Draghi, the President of the European Central Bank performed again his superb balancing act, between the needs of the South and the demands of the North. He led the Governing Council of ECB, Eurozone’s most powerful body, to map the exit road from the extraordinary monetary measures (Quantitative Easing) state as frictionlessly […]

German political spillovers: ECB’s Draghi resists first attacks by AfD

Last Monday, Mario Draghi, President of the European Central Bank, speaking at the Economic Committee of the European Parliament had the opportunity to test the grounds and familiarize himself with the nature of political climate he may come across after the German elections. He had a heated exchange with the head of the AfD group […]

Draghi’s 2018 compromise: enough money printing to revive inflation and check euro ascent

Last Thursday Mario Draghi, the President of the European Central Bank, reassured the Eurozone banking conglomerates they will continue being blessed with zero cost money, well into the foreseeable future. He stated, “one thing is clear; the bottom line is that interest rates will stay, as it’s written here, at the present levels (zero for […]

Berlin vies for a Germanic European Central Bank

Last week, the deep German state struck again targeting the heart of Eurozone. The hit was effectuated by Sabine Lautenschläger, a middle aged Stuttgart born ex BaFin (Federal Financial Supervisory Authority) employee and presently member of the powerful executive board of the European Central Bank. Sabine now wants the ECB to abandon its extraordinary monetary […]

ECB intervenes to clean May’s and Schäuble’s mess

Last Thursday 8 June, on the day the Britons were punishing Theresa May for her mistakes and arrogance, the European Central Bank under Mario Draghi was preparing for a less favorable politico-economic environment and a much longer disinflationary period. Indirectly, Mario Draghi blamed the dying out inflation on the avowed neoliberals, of the kind of […]

Germany caught with selfish double standards in euro area policy

Over the past three years the European Central Bank, guided by its President Mario Draghi, has been folowing a super relaxed monetary policy. It has been aiming at reviving uncertain economic growth and dying inflation, by handing out to banks, and through them to the economy, hundreds of billions of euro and at the same […]

ECB steadily continues monetary easing policy as EU economy gains momentum

European Central Bank – Press Conference Vítor Constâncio, Vice-President of the ECB, Mario Draghi President of ECB and Christine Graeff, Director General Communications (from left to right). Location: Frankfurt . Date: 09/03/2017 © ECB, 2017 / Source: ECB – Audiovisual Service It was last Thursday when the president of the European Central Bank gave a […]

Brexit kick-off: a historic day for the EU anticlockwise

The beginning of the two-year negotiations is about to begin as UK submits today the letter to the EU today informing the latter about the decision of the British people to leave the bloc. However, it is still too early to say whether a deal will be reached within the timeframe that is set in […]