World Bank Issues Warning on “Middle-Income” Trap for 108 Nations
The World Bank stated in its World Development Report that the lesson learned over the previous fifty years was that as nations became wealthier, they fell into a “trap” where…
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The World Bank stated in its World Development Report that the lesson learned over the previous fifty years was that as nations became wealthier, they fell into a “trap” where…
After the Fed interrupted its quick hike cycle in September 2023, the Fed Funds rate has been at its highest level since the year 2000 for around ten months. When…
The currencies of Angola, Nigeria and Ghana have underperformed in Africa this year With one notable exception, African central banks that will be setting interest rates in the coming three…
The BCG analysis predicted that by the end of 2027, global wealth would have grown to $329 trillion at a compound annual growth rate of 5.3%. According to a new…
Unofficially, the Central Bank of Kenya wants the core inflation rate not to exceed three per cent. Despite a notable decline in Kenya‘s overall consumer prices in June, core inflation,…
Although the federal government made a decision to pause the implementation of Canada’s Digital Service in October 2021 Canada enacted the Digital Service Tax Act on June 20, 2024. The…
The international money managers are freshly reminded of the lack of transparency that comes along with investing in Indonesia’s $735 billion stock market. Indonesia’s biggest company by market capitalization ($85…
The South African Reserve Bank most recently declared that it was investigating the viability of a CBDC that domestic consumers might utilise for regular retail needs. South Africa’s economy is…
The Bank of Japan shocked investors earlier this month by delaying a plan to cut back on bond purchases until July The yen’s decline has gotten so bad that Japanese…
Visa and Mastercard based in the US, the two largest credit card networks in the world, proposed their multi-billion antitrust settlement with the US merchants in March A federal judge…