Tag Archives: inflation

Kampala, Uganda | THE INDEPENDENT | The recovery of the economy has suffered a setback following the 42 days that the country was under a lockdown, this is according to economic analysts. The economy was recovering from the effects of the March-to-June 2020 lockdown, with both the Bank of Uganda and the …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Monday downplayed inflation fears as lawmakers will vote later this week to begin debate on the bipartisan infrastructure bill. “Our experts believe and the data shows that most of the price increases we’ve seen were expected and are expected to be …

Tariffs have harmed American jobs, American consumers, American companies and the country’s global competitiveness Washington, U.S. | Xinhua | The U.S. business groups have urged the Biden administration to remove punitive tariffs on U.S. imports imposed by the previous administration, as tariffs continue to hit American businesses and consumers while pushing …

Washington, U.S. | Xinhua | The 1.9 trillion U.S. dollar stimulus U.S. President Joe Biden signed into law recently is expected to trigger a robust economic rebound, but some inflation may be on the horizon, economists said. This comes a year after the U.S. economy took a nosedive off a cliff …

Biden’s massive stimulus could set off inflationary pressures of a kind not seen in a generation Washington, U.S. | Xinhua | Emerging markets could become a casualty of the 1.9-trillion-U.S.-dollar COVID-19 relief bill passed by U.S. Congress on Wednesday, as rising U.S. bond yields are likely to trigger a reversal of …

New York, U.S. | XINHUA | U.S. stocks declined in the volatile past week as a surge in bond yields unnerved investors who rushed to dump risk assets, especially high-flying shares. For the week ending Friday, the Dow lost 1.8 percent, while the S&P 500 and the Nasdaq fell 2.5 percent …

Economic forecasting models have long been notoriously inaccurate in predicting inflation | AXEL A. WEBER | Current forecasts by many banks, central banks, and other institutions suggest that inflation will not be a problem in the foreseeable future. The International Monetary Fund, for example, expects global inflation to remain subdued …

Kampala, Uganda | XINHUA | Conflict-related displacements and high inflation rates on top of the impact of COVID-19 prevention measures are causing one of the worst food crises in recent years in Sudan, said the UN Office for the Coordination of Humanitarian Affairs (OCHA) on Thursday. Almost a quarter of the …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics has revealed that Ugandans were in June charged high prices for some food items compared to May 2020. This is according to the Consumer Price Index (CPI) which measures what Ugandans pay for various goods and services. The June …

Nakaseke, Uganda | THE INDEPENDENT | The National Economy Committee of Parliament has raised concern over the management and credibility issues at Bank of Uganda in light of a fresh loan request of USD 491 million. The International Monetary Fund loan will see the Bank of Uganda (BoU) take US …