Tag Archives: inflation

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 4.4 percent in 2022, down by 0.5 percentage point from October’s forecast, according to a newly released update to its World Economic Outlook report. Growth will slow as economies grapple with supply …

Washington, U.S. | Xinhua | This week marks one year since U.S. President Joe Biden took office, with plummeting approval ratings and unresolved key priorities. A year ago when Biden spoke to a divided nation, weeks after the U.S. Capitol riot, he said he would bring back unity and do “great …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Wednesday pledged to “get inflation under control” as American voters were increasingly pessimistic about the economy and doubted his ability to fix supply chain issues and tackle soaring prices. “COVID-19 has created a lot of economic complications, including rapid price increases …

  Economists should be humble when they recommend (or dismiss) various inflation-fighting strategies COMMENT | DANI RODRIK | The specter of inflation is once again stalking the world after a long period of dormancy during which policymakers were more likely to be preoccupied by price deflation. Now, old debates have …

Kampala, Uganda | THE INDEPENDENT | Ugandans seeking health services paid less in December compared to the same period year ending November 2021, according to the report published the Uganda Bureau of Statistics(UBOS) The report released by UBOS at their offices in Kampala indicates that Ugandans paid 5.4 shillings less on …

New York, US | Xinhua | U.S. stocks finished higher on Friday even after data showed a key U.S. inflation gauge rose at the fastest annual pace in almost 40 years. The Dow Jones Industrial Average climbed 216.30 points, or 0.60 percent, to 35,970.99. The S&P 500 increased 44.57 points, …

Kampala, Uganda | THE INDEPENDENT | Uganda’s annual headline inflation rate for the year ending November 2021 increased to 2.6 percent from 1.9 percent in October, the statistics bureau said on Tuesday. Uganda Bureau of Statistics (UBOS) said the difference is attributed to the increase in the prices of commodities. Core …

Johannesburg, S. Africa | Xinhua | South African Reserve Bank decided to increase the repurchase rate starting Friday by 25 basis points to 3.75 percent, the first time in three years, its governor Lesetja Kganyago announced on Thursday. Kganyago cited inflation as reason of the hiking. “Inflation risks have increased and …

Washington, U.S. | Xinhua | World Bank Group President David Malpass said on Wednesday that the COVID-19 pandemic is pushing up poverty and debt levels in low-income countries, highlighting a “tragic reversal” in development. “It’s already pushed nearly 100 million people into extreme poverty. That’s the added number in extreme poverty,” …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is likely to give a lower interest to savers for the year 2020/21, than what was paid out last year, according to the economic conditions prevailing. The decision to raise, lower or maintain the interest rate largely depends on two factors, …