Inflation is skyrocketing in most developed countries. In the US, inflation climbed above 8% in January for the first time since the 1980s; in the UK, inflation reached 6% in March 2022 – a first in 30 years. Whilst, the recent spike in prices can be attributed to a combination of supply chain shocks andContinue reading “Inflation in 2022”
Category Archives: Fiscal Policy
Biden’s backwards budget
On the 28th of March, President Biden set out his $5.8 trillion budget proposal for 2023. One of the largest in American history, this historic piece of legislation outlines $4.1 trillion as part of an American ‘Jobs and Rescue plan’ alongside an additional $1.7 trillion in discretionary spending. Proposed tax increases in this bill amountContinue reading “Biden’s backwards budget”
Sunak’s economic woes
The British economic outlook for 2022 looks bleak. Living standards are set to fall at the fastest pace since the 1950s as inflation reaches a thirty-year high; absolute poverty looks set to rise for the first time since the Great Recession. All eyes have been on the Chancellor of the Exchequer to relieve the economicContinue reading “Sunak’s economic woes”
Future of the Brazilian economy
“Brazil is the country of the future, and always will be”, the words uttered by French president Charles de Gaulle epitomised Brazil’s economic rollercoaster and struggle to realise its potential. Latin America’s largest country was often seen as a land full of success but also failure, opportunities and barriers, chances and setbacks. What started withContinue reading “Future of the Brazilian economy”
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