From Promoting Economic Pluralism
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
The Philippines has imposed a price cap on rice as the Southeast Asian country grapples with some of the highest inflation in the region. President Ferdinand Marcos Jr signed an …
Philippines’ Marcos orders price cap for rice amid ‘alarming’ price surge Read More
LONDON — Rishi Sunak’s finally splashing the cash. But will his latest round of pay rises be enough to calm restive public sector workers? On Thursday the U.K. prime minister …
Rishi Sunak hikes public sector pay — but the devil’s in the details Read More
Blair Fix puts interest rates to the test in the treatment of inflation and raises a laugh. Advances in science almost invariably arise from questioning received wisdom — taking ideas …
Fighting inflation with flat-earth monetary policy Read More
FRANKFURT, Germany (AP) — Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see …
Europe sees inflation drop to 6.1%, but real relief for consumers will take months Read More
When major oil companies announced record earnings in February, even US President Joe Biden was appalled. The White House said it was “outrageous” that ExxonMobil had raked in a profit of $56 billion (€51 billion) in …
How company profits are keeping prices high Read More
The drops in both new jobs and wage growth contained in a Department of Labor report released on Friday elicited cheers from financial world insiders. “This is a really terrific jobs …
US: Financial world celebrates slowing wage and employment growth in new jobs report Read More
WASHINGTON — Central to Republicans pitch to voters in the midterm elections was a pledge to tackle high inflation and bolster the economy, but a GOP “civil war” is brewing over what …
Republicans pitched an economic solution. Now they’ll have to deliver. Read More