inflation

Argentines Get Used to the Fact that Inflation Can Always Get Worse

People in Argentina have become accustomed to the fact that nothing costs the same today as it did the week before and they take price hikes in stride with resignation, says Mariano Cohen. "Almost nobody gets angry or complains anymore. They just don't buy something if they can't afford it," he explains in his disposable goods store in Villa Crespo, one of Buenos Aires' most commercial neighborhoods.

Thousands Face Hunger and Pray for Enough Rain in Malawi

It is 9 am in the morning but the scorching sun makes it feel like mid-afternoon. This type of weather is what experts are calling El Nino; a heat wave that is affecting countries in southern and eastern Africa.

Brazil 2015: The Year When Everything Went Wrong

As 2015 approaches its end, Brazilians live a period of extraordinary uncertainty. The recession seems to get worse by the day. Inflation is high and shows unexpected resistance to tight monetary policies applied by the Central Bank. The sluggish international economy has largely neutralized incentive and the strong devaluation of the domestic currency could represent a reality to exporters and to producers who compete with now more expensive imports. After an initial resistance, employment levels began to fall.

Opinion: Greece and the Germanisation of Europe

At last, on Tuesday Feb. 24, the Eurogroup (of eurozone finance ministers) approved the Greek government’s commitment to a programme of reforms in return for extending the country’s bailout deal.

Kenya’s Economy Sees Growth at Top But No ‘Trickle-Down’

David Kamau is a small-scale maize farmer in Nyeri, Central Kenya, some 153 kms from the capital Nairobi. He recently diversified into carrot farming but is still not making a profit.

OPINION: Rousseff Re-elected President – What Lies Ahead for Brazil?

The tight race between incumbent President Dilma Rousseff of Brazil’s Workers’ Party and her opponent, Aecio Neves from the centre-right Brazilian Social Democracy Party (PSDB) party, ended on Sunday, Oct. 26 with the re-election of Rousseff.

With No Tailwind, Brazilian Economy In The Doldrums

Brazil’s real gross domestic product (GDP) in 2013 grew by 2.3 percent, following rates of 2.7 percent and 1 percent in 2012 and 2011 respectively. Perspectives for 2014 on this front are not optimistic.

Rising Prices Threaten to Increase Inequality in Argentina

Argentine consumers have responded to calls on social networks to mobilise against price hikes that threaten the country’s major advances towards poverty reduction and greater social equality.

Challenges and Opportunities Await Iran’s Rouhani

The transition team of Iran’s President-elect Hassan Rouhani was busy last week lowering expectations for a quick economic recovery, saying that things are far worse than they had thought.

Argentina Pins Hopes on Bumper Grain Harvest

Argentina has better prospects in 2013 after modest growth in 2012, thanks to an excellent grain harvest and the recovery of Brazil, its main market.



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