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Tag Archives: inflation

Deputy Speaker appeals for cut in interest rates

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa, has implored Bank of Uganda and all players in the banking sector to consider lowering lending rates, in order encourage more production and counter the anticipated inflation due to the rising commodity prices. Tayebwa said he was concerned that …

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Global factors impacting Uganda’s economy: BoU

Kampala, Uganda | THE INDEPENDENT | Officials from Bank of Uganda and the National Planning Authority (NPA) have told Members of Parliament that the state of the economy is struggling because of global related factors. The officials were interfacing with the Committee on National Economy to discuss the state of the …

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The gathering stagflationary storm

Impact of negative aggregate supply shocks that have curtailed production and increased costs  COMMENT | NOURIEL ROUBINI | The new reality with which many advanced economies and emerging markets must reckon is higher inflation and slowing economic growth. And a big reason for the current bout of stagflation is a …

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Ukraine crisis affects E. Africa’s food security: WFP

Overlapping food crisis risks in the region come at a time when most countries are facing increased fiscal imbalances and rising public debt pressure Addis Ababa, Ethiopia | Xinhua | The ongoing Ukraine crisis is negatively affecting East Africa’s food security through reduced food supplies, accessibility and high prices of food, …

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Euro nearing five-year low stoking recession fears

The euro is within reach of five-year lows and seems increasingly will approach dollar-euro parity Rome, Italy | Xinhua | The euro has continued to weaken against the U.S. dollar, approaching its lowest level in five years, due mainly to the crisis in Ukraine and the sluggish economic growth in Europe. …

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Is U.S. inflation getting worse or better?

Washington, U.S. | Xinhua | The U.S. inflation is at highs not seen in 40 years. While some say there’s no end in sight, others believe inflation will taper off in the second half. The last two years have been some of the most tumultuous the U.S. economy has experienced since …

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At what point do oil prices trigger a U.S. recession?

Washington, U.S. | Xinhua | The United States could see a recession if rapidly rising oil prices hit a crucial tipping point, economists have warned. Oil prices are surging worldwide, and the conflict in Ukraine has exacerbated numerous factors that have already caused record price hikes, according to experts. Bernard Baumohl, …

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