Tag Archives: inflation

Senate passes stopgap bill to avert shutdown ahead of Friday deadline Washington, U.S. | Xinhua | The U.S. Senate on Thursday passed a three-week spending bill to fund the federal government through March 11, just a few hours before the current funding expired on Friday. The bill, already approved by the …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor  Dr. …

Brussels, Belgium | Xinhua | Weaker economic activity in the Eurozone during the first months of the year will give way to a rebound in the second quarter as the Omicron variant proves milder and governments become wary of imposing strict restrictions, said a Dutch banking company expert. However, higher inflation, …

Washington, U.S. | Xinhua | The U.S. national debt has surpassed 30 trillion U.S. dollars for the first time, raising concerns about future fiscal sustainability, as the Federal Reserve prepares to raise interest rates to tame inflation. The total public debt outstanding exceeded 30 trillion dollars on Monday, which included 23.5 …

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, …