The Latest News on Global Economics
Everything you need to know about global economics and international trade.
The British Pound continues to suffer against the Euro, and this trend is likely to continue for most part of the next year.
The pound keeps falling both against the euro and the dollar, and Mervyn King says he is concerned about the present and prospective period of above-target inflation.
Higher borrowing costs for the private sector or else tighter bank lending terms would naturally lead to a reduction in demand.
Slowing GDP growth prospects & rising inflation have been the two main concerns for many countries for some time.
A week ago, there was a glimmer of hope in the world with regards to the food crisis. Not anymore.
Despite the fact Fed policy makers cut the rates seven times already since September 2007, which amounts to a total of 3% decrease in borrowing costs, the average rate for a 30-year fixed mortgage dropped only half a percentage compared to the same period.