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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda 1. UN warning on African debt Public debt in Africa is likely to stay above pre-pandemic levels this year and the next, Adam Elhiraika, the United Nations Commission for Africa’s macroeconomics and governance director, […]
This article is brought to you in association with the European Commission. Following subdued growth last year, the EU economy has entered 2024 on a weaker footing than expected. The European Commission’s Winter Interim Forecast revises growth in both the EU and the euro area down to 0.5% in 2023, from 0.6% projected in the Autumn […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Senior Writer, Forum Agenda The World Economic Forum’s Global Risks Report highlighted the ‘polycrisis’ at the start of 2023, reflecting the combination of crises the world was facing.Many of these risks still remain, but we have […]
Some notable things have happened recently in Pataskala, Ohio. The local Rotary Club selected a 9-year-old as “Junior Grand Marshal” of an annual parade. The mayor got a raise for the first time in a decade. And plans moved ahead to build the biggest solar-panel factory in US history. The project is part of a […]
This article is brought to you in association with the European Commission. This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: Eurozone inflation slows; Australian releases 40-year economic forecast; Warning over extreme poverty in developing Asia. 1. Eurozone inflation slows further The latest data from Eurostat has […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Forum Agenda For a piece of legislation aimed at slowing price rises, the United States’ Inflation Reduction Act (IRA) has had a big impact on the environment. In fact, many experts have credited the […]
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda While the developed world continues to grapple with the fallout from surging inflation over the past year, there are concerns about international deflation pressures.Deflation is a sustained fall in prices that can […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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,” […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
