Published by Promoting Economic Pluralism
The European Central Bank (ECB) has cut borrowing costs for the third time this year, lowering its benchmark interest rate from 3.5% to 3.25%. The decision to cut rates by a quarter …
European Central Bank cuts key interest rate to 3.25% Read More
BUENOS AIRES, Argentina (AP) — Argentina’s poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei’ s presidency, the statistics agency reported Thursday, a steep rise …
Argentina’s poverty rate spikes in first 6 months of President Milei’s shock therapy Read More
It is the job of the government to keep a country’s economy in check. But sometimes policies don’t work out as planned. Governments often take economic decisions that follow specific political …
How a currency devaluation in Kazakhstan made the country’s poor worse off Read More
NEW YORK (AP) — Some of the world’s wildest action in financial markets is roiling around the Japanese yen. The value of Japan’s currency has tumbled so much that for …
Japan’s currency falls to its weakest since 1990 against the dollar as the yen keeps yelping Read More
A perfect storm of inflation, supply chain disruption, spiralling interest rates, and delays in connection to the National Grid means that the swathe of solar power farms approved and going …
UK solar power target for 2035 obliterated by inflated costs, government chaos, and gridlock Read More
Buenos Aires, Argentina – Psychologist Jesica Bianchiotti, 35, still remembers the days when most sessions with her patients began with a chat about the weather or the results of the latest …
Sky-high inflation takes a toll on mental health in Argentina Read More
Argentina’s new president, Javier Milei, on Tuesday announced an official devaluation of the peso of 50%, virtually turning on the chainsaw that he famously used at campaign events. The government …
Argentina’s Milei announces 50% currency devaluation and large cuts to public spending Read More
Lagos, Nigeria – When Yusuf Mogaji joined Nigeria’s federal civil service as a non-teaching staff member at the University of Ilorin in 2015, he had dreams of building his own house. …
Nigerian workers’ wages diminish as inflation rises and gov’t revenue dips Read More
BUENOS AIRES, Argentina (AP) — With tired faces, residents of a homeless shelter in Argentina’s capital pass through the main entrance and line up to receive a hot drink and …
Rising poverty grips Argentina as runaway inflation takes its toll Read More
Latin America is suffering the economic effects of the post-pandemic period, but Chilean Rodrigo Valdés, 56, the economist responsible for the Western Hemisphere Department of the International Monetary Fund (IMF), …
The International Monetary Fund: ‘Dollarization is not a substitute for a sustainable fiscal policy’ Read More