Tag: Stagflation
Monday’s papers: Children in Syrian camps, more education and stagflation worries
Finland’s foreign minister says that the remaining Finnish children in the Al-Holi camp need their mother’s permission to leave.
Dramatic slowdown in Sweden’s economy: report
STOCKHOLM, June 21 (Xinhua) – Due to the soaring inflation, Sweden’s economic growth is expected to slow drastically this year and next year, according to a report released by the National Institute of Economic Research (NIER) on Tuesday. According to the government agency’s latest forecast, economic growth is expected to slow to 1.9 per cent…
Despite the downturn, there are no signs of a recession in Finland’s employment data
Statistics Finland on Tuesday reported The number of employed persons increased by 61,000 year-on-year to 2,641,000, while the number of unemployed decreased by 68,000 year-on-year to 227,000 in May. The trend in the employment rate was at a record high of 73.9 per cent and in the unemployment rate at 6.1 per cent. Juho KeskinenAn…
World Bank lowers global growth forecast for 2022 to 2.9 per cent, warns of risk of stagflation
According to the report, this increases the risk of stagflation, which could have detrimental consequences for both middle-income and low-income economies. According to the report, global economic growth is expected to slow from 5.7 per cent in 2021 to 2.9 per cent in 2022 and hover at around 1523-2024. Growth in advanced economies is projected…
Tackling high inflation in Denmark: Why a Volvo 850 is a better option than a DMC DeLorean
It is hard to believe that Denmark was a hotbed of stagflation in the 1970s and 80s. Like most countries plagued by economic problems, it was OPEC’s surprising decision to limit its members’ supply of oil in 1973 that started the rotten. And so for the next 15 years, Danish governments applied, mostly without success,…
Inflation must be tackled in a timely and determined manner:
Currently, rising energy and food prices are accelerating inflation. The ECB is under pressure to keep interest rates under control due to the stability of the fiscal and fiscal policies of some Member States. These targets may run counter to the objective of price stability, the report notes. “It’s risky to bet that this is…