The European Central Bank (ECB) is so intent in breaking inflation, that it risks an economic overkill.
Philip R. Lane, Member of the ECB’s Executive Board has disclosed that the central bank will continue with steep interest rate rises in … Read the rest
War, commodities, inflation, bonds and equities
Earlier this year I reported that a minority of economists contended that global market participants had exaggerated fears about accelerating inflation and higher interest rates.
In the short run the war proved them wrong. Inflation, especially energy prices have soared. … Read the rest
Global debt implications
Global debt soared by a whopping $24 trillion to an all-time record of $281 trillion, or 355 per cent of gross domestic product (GDP) in 2020.
Massive government aid and the decline in state and corporate revenues caused the borrowing … Read the rest
Global debt is likely to dampen revival when pandemic ends
Global debt It is expected to surge to over 342 per cent of GDP or $270 trillion. Much depends on the length of the pandemic and depth of recession
EXTENSIVE global debt is likely to impede economic growth once the … Read the rest