WASHINGTON, D.C., UNITED STATES (SEPTEMBER 18, 2017) (IMF TV) – Bank of England Governor Mark Carney said on Monday (September 18) that Brexit is likely to hurt Britain’s growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union. Continue reading
NOTTINGHAM, NOTTINGHAMSHIRE, UK (MAY 15, 2017) (BBC) – British inflation hit its highest level since September 2013 last month, extending its sharp rise since the vote to leave the European Union and tightening the squeeze on living costs as a national election approaches. Continue reading
Inflation gnaws at the growth in pay of British workers during the three months to February, evidence that households are feeling the strain of rising prices as Brexit negotiations begin.
Zambia’s economy has been growing at a sluggish rate averaging three percent per annum since copper prices dipped two years ago. The cost of living and doing business has been soaring in the process as the country faces economic challenges after the government cut fuel subsides last year causing a 39 percent price hike in petrol, analysts say.
The U.S. dollar has been at 14-year peaks on an abundance of upbeat global economic data and signs of quickening inflation, and a new Reuters polls shows most analysts expect the rally to continue through 2017. David Pollard reports on the winners and the losers of the greenback’s surge. Continue reading
A struggling currency, power shortages and rising food prices are all the things Zambians did not ask for this Christmas. The festivities are expected to be more moderate this year as consumers spend less in the face of economic woes.