Balance of Payments
China US trade tensions relaxing under Biden Administration
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Economic Growth
Balance of Payments
Pound on a high as over 20% of the UK gets vaccinated
With over 15 million people having now received their first of two Covid-19 jabs, there appears to be a rising sense of optimism in the UK economy. This has resulted in the pound hitting its […]
Aggregate Demand and Supply
China records 2.3% GDP growth in 2020
2020 is a year to forget, but we won’t… and despite the economic woes from all over the world, the Chinese economy still managed to finish the year slightly bigger than it was 365 days […]
Aggregate Demand and Supply
US Congress passes $900 billion Covid-19 relief bill – so where’s all that cash going?
After months of intense negotiations, the American government looks finally set to inject billions of dollars into the US economy. The so-called “Covid-19 relief bill” should do exactly what it says on the tin: providing […]
Aggregate Demand and Supply
Young people are the worst affected as unemployment creeps up in the UK
The unemployment rate in the UK has risen to its highest level in two years, with an official figure of 4.1% released by the office for national statistics. Given the devastating impact of Covid-19 on […]
Aggregate Demand and Supply
South Korea’s economy is outperforming all other OECD members. Here’s why.
According to the latest research on the economic impact of Covid-19, the OECD has announced that the South Korean economy is likely to “only” shrink by -0.8% this year. Whilst all negative GDP growth is […]
Economic Growth
Cost-push inflation is driving up prices throughout the Indian Economy
Inflation in India, the fifth largest economy in the world, stood at 6.9% in July according to the latest measurement of the CPI (consumer price index). This means that inflation in India has been above […]
Aggregate Demand and Supply
UK hit the hardest amongst the world’s largest economies
The results are out for the economic impact that Covid-19 has had on the world’s major economies in the first six months of the year… and unsurprisingly, they are showing unprecedented levels of global economic […]
Aggregate Demand and Supply
IMF announces that the economic woes of 2020 are likely to be even worse than expected!
As Covid-19 shows no sign of abating, the damage it has caused to the global economy continues to grow. As a result, the IMF is now predicting a global economic contraction of almost 5% this […]
Aggregate Demand and Supply
An economy down under: Australia facing the prospect of a deep recession
Josh Frydenberg, the Australian Treasurer, announced on Wednesday that the economy is likely to have shrunk by as much as 9% from April to June. This further decline in size, following a 0.3% contraction in […]
Aggregate Demand and Supply
South Africa: an economy in lockdown is an economy in freefall
The economic impact of Covid-19 has been devastating and wide-reaching. One country which is suffering significantly is South Africa, where going into lockdown has stifled almost all economic activity. As South Africa, the second largest […]
Aggregate Demand and Supply
Indian economy to shrink for the first time in forty years
Whilst India was initially praised for their response to the Covid-19 crisis by organising a mass lockdown that effectively took 1.3 billion people off the streets, the subsequent effect on their economy will be severe. […]
Aggregate Demand and Supply
Deflation in Canada: why economists will tell you that falling prices is not something to be happy about
The inflation rate in Canada entered negative territory in April, as year-on-year inflation was measured at -0.2%. This essentially means that the average price level in Canada was 0.2% less in April this year, than […]
Aggregate Demand and Supply
Coronacrisis in the USA: negative growth and the worst decline since 2008
The stats are now out on the performance of the American economy for quarter one of 2020, and it’s not good news. According to the US Bureau of Economic Analysis, the world’s largest economy contracted […]
Aggregate Demand and Supply
China’s economy has reduced in size for the first time in decades
China’s unbelievable economic growth streak of over forty years has finally come to an end today, with the world’s second largest economy recording a negative growth rate of -6.8% in the first quarter of 2020. […]
Aggregate Demand and Supply
The extent of the global corona-crisis: world economy set to shrink by 3% in 2020
According to the IMF, the world economy is predicted to experience negative economic growth of -3% this year. This projection comes after the IMF released their latest world economic outlook report a survey which is usually […]
Aggregate Demand and Supply
Coronavirus plunges the French economy into recession
The economic fallout from the spread of the deadly coronavirus around the world has been unprecedented. In this age of globalisation and economic interdependence, no economy is able to escape the consequences as demand dries […]
Balance of Payments
Singapore to inject another US$3.6 billion into the economy as coronavirus cases spike
The government of Singapore has announced an additional US$3.6 billion to support the economy as the city state sees coronavirus cases increase despite earlier signs that the virus seemed to have been contained. The additional […]
Consumer and Business Behaviour
The factory of the world is firing up again: China records strong growth in manufacturing activity for March
Whilst economies around the world are still on their knees, China seems to have picked itself back up again, after emerging from the worst of Covid-19’s destruction across the country. In battling the virus throughout […]
Aggregate Demand and Supply
UK government to step in and pay people’s wages
In yet another unbelievable day of economic policy in action, the chancellor of the exchequer, Rishi Sunak, announced yesterday the latest measures to protect people’s income, keep businesses alive, and encourage spending in the economy. […]
Aggregate Demand and Supply
Interest rate in the UK has been cut to lowest in history – what a time to be studying economics!
For the second time in a week, the Bank of England has cut interest rates in an attempt to rescue the UK economy from the jaws of a coronavirus induced crash. In an unprecedented move, […]
Aggregate Demand and Supply
Now this is monetary policy: US Federal Reserve is throwing everything it’s got at the coronavirus
In an unprecedented move today, the US federal reserve, which controls and coordinates American monetary policy, has announced a cocktail of measures to combat the economic fallout from the coronavirus which utilises almost every weapon […]
Aggregate Demand and Supply
Now is the time to borrow: Bank of England slashes interest rates to 0.25%
In an attempt to combat the economic fallout caused by the outbreak of the coronavirus, the Bank of England has taken the extreme measure of cutting interest rates from 0.75% to 0.25%. Monetary policy of […]
Economic Growth
Lebanon is forced to default on debt as a financial crisis consumes the economy
The Prime-minister of Lebanon has announced that the country in Western Asia is to default on a huge debt repayment of US$1.2 billion which was due to be paid on March 9th. The Lebanese economy […]
Consumer and Business Behaviour
Here is ten thousand HK dollars… Help kickstart our economy!
In an unprecedented move to help boost the ailing Hong Kong economy, the financial secretary Paul Chan has announced a HK$10,000 cash handout for all permanent residents aged 18 or above. This creative fiscal policy […]
Aggregate Demand and Supply
Consumers in Israel are consuming their way to economic expansion
An unexpected surge in economic growth at the end of 2019 was very good news for the Israeli Prime Minister Benjamin Netanyahu who will soon be battling in a national election. GDP increased by 4.8% […]
Aggregate Demand and Supply
Global defence spending increasing in an uncertain world
Defence spending across the world increased significantly in 2019 according to a report by the Institute of Strategic Studies (ISS). The data collected by the ISS for 2019, shows that world-wide defence spending increased by […]
Economic Growth
Study suggests that one-third of all plant and animal species could be extinct by 2070
A recent report by a team of US scientists at the University of Arizona has suggested that owing to the climate crisis, the world could see a dramatic extinction of over a third of all […]
Aggregate Demand and Supply
When high levels of demand come back to bite: inflation in Ghana continuing its upward trajectory
The inflation rate in Ghana, as measured by the consumer price index, ended at 7.9% in 2019. In a recent research study in the west African nation, prices are expected to continue their rise throughout […]
Consumer and Business Behaviour
American productivity bounces back in the fourth quarter of 2019
After a dismal 0.2% decline in productivity in the third quarter of 2019, American workers bounced back through October to December, recording an increase in productivity of 1.4%. This comes from a recent report from […]
Aggregate Demand and Supply
US government to increase spending on Artificial Intelligence and Quantum Computing
Reports from inside the Whitehouse have suggested that the Trump administration is set to announce huge increases in spending on Artificial Intelligence (AI) and Quantum Computing for their 2021 budget proposal. The research and development […]
Consumer and Business Behaviour
Is Argentina the best place to buy a house this year?
For the last two years, a dark cloud has been over Argentina as they contend with a serious economic crisis. The South American Country, and third largest economy on the continent, has been in a […]
Consumer and Business Behaviour
Chinese economy could take a US$60 billion hit following the deadly coronavirus outbreak
The economic impact of the coronavirus is still a guessing game at the moment, but one thing is for sure: it is going to be big. The impact on the services sector alone has already […]
Balance of Payments
Unemployment levels in Hungary at a record low!
Hungary, a land-locked country of 9.7 million people nestled between Austria and Romania, is not a country which receives a huge amount of global attention. So here is an article for you Hungary, home to […]
Aggregate Demand and Supply
Economic growth slowing down in the Philippines
At a modest 5.9%, Economic growth in the Philippines for 2019 was the slowest recorded growth in 8 years. Whilst this figure dwarfs the growth rates for developed economies, 5.9% is considered too little for […]
Economic Growth
UK interest rate looks set for a reduction
In the UK, interest rates are set by the Monetary Policy Committee (MPC), a group of nine central bankers who meet eight times a year to decide on any changes to the official interest rate. […]