Economy

Over 250 million people could face extreme poverty by 2022-end

Highlights Oxfam, an organization, concentrating on the alleviation of global poverty, has said that high food prices, combined with inequality, CO...

UK economic growth slows down to 0.1% in February: Tougher times ahe...

Britain's Gross Domestic Product grew by just 0.1% in February, a significant reduction from 0.8% in January, data from the Office for National Statis...

What is the current state of inflation in OECD area?

Highlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the...

Why are Australia’s housing growth rates losing momentum?

Highlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. Th...

Australia Budget 2022-23: Paid Parental leave to support new dads

Highlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken...

Australian retail sales in February 2022: Three points to notice now

Retail sales data is a gauge of consumer confidence and the overall robustness of the economy. The past two years are a testament to the fact that the...

Australia budget 2022-23 to offer petrol price relief & support firs...

Highlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on eas...

When was the last housing market crash in Australia?

The Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of w...

Impact of COVID-19 on Australian property market: Six points to note

Highlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state government...

Spring Statement and Measures for UK Households Explained

Highlights  The UK inflation level has reached a 30-year high of 6.2% in the 12 months to February 2022. Chancellor Rishi Sunak presented his...

Australia Federal Elections 2022: Will Covid wave see Aussies cast t...

Highlights Australia’s 2022 Federal Election is likely to be held in mid-May 2022. Elections approach as the spread of the Omicron BA.2 sub-...

Spring Statement: 5 things Sunak may do to address cost-of-living cr...

Highlights Chancellor of the Exchequer Rishi Sunak is all set to deliver his Spring Statement to the House of Commons on Wednesday amid growing cha...

Why is stagflation back on investors' minds?

Highlights  Many investors are again contemplating if global economies will face stagflation. The commodity shock brewing out of the Russia-U...

P&O Ferries: What’s happening after the firm slashed 800 jobs?

Two days after announcing a major cutting back of jobs, P&O Ferries resumed its services two days after suspending jobs of its 800 crew members wi...

What is Stagflation? How is it different from inflation?

The term “stagflation” is coming up in a lot of discussions lately as the prices are soaring and the Russia-Ukraine war has worsened the a...

What is rent control? Can it help tame Australia's housing crisis?

Highlights Rent control could offer a solution to longstanding affordability concerns seen across the Australian property sector. Rent control pol...

What to expect from the Australian federal budget 2022?

Highlights  Australian federal budget is expected to be announced on 29 March.  The FY22 budget will focus on building the economic stre...

NZ returns to growth in December quarter, GDP up 3%

Highlights  GDP rises 3% in the December quarter The numbers are below economists’ expectations However, they are above RBNZ’s p...

Why Russia-Ukraine war is a threat to global economy?

Highlights The escalating geopolitical tensions seem to be risking the global economy’s recovery from the pandemic. The war has highlighted...

Russia-Ukraine conflict: What are economic costs of a war?

As worrisome events unfurl from the Russia-Ukraine conflict, most individuals are left wondering what the aftermath would bring. The emotional and psy...