The World This Week: 13th March
Aggregate Demand and Supply
Africa’s Economic Decline: Devastating Impact of Climate Change
Africa could be facing a significant economic decline, and climate change is playing a crucial role. Severe weather conditions like cyclones, floods, and droughts are devastating African countries, forcing them to spend between 2% and […]
Basic Economic Concepts
World’s major economies to release oil reserves to lower soaring oil prices
In an attempt to lower the price of oil the US is leading an international effort of other major economies to release oil reserves. The price of crude oil reached a 7-year high of $81.93 […]
Aggregate Demand and Supply
U.S. Growth Up, Euro Zone Dips, and Global Economy ‘Limps Along’!
The International Monetary Fund (IMF) has updated its economic forecasts for the year with the U.S. growth projection raised by 0.3 percentage points to 2.1%, compared to its July update, while the euro zone’s forecast […]