The global economy is on the edge of a precipice, and it may be the biggest crisis since the Second World War. The invasion of Ukraine has compounded the effects of the Covid-19 pandemic. It brings the cost of the food and fuel to skyrocket which weighing on the economic recovery and fanning inflation. Rising…
Tag: COVID-19
USD 3.5 trillion budget plan for Americans
Senate Democats just passed a USD 3.5 trillion plan early Wednesday. The bill will spend on the establishment of a Civilian Climate Corps, adds new dental, cision and hearing benefits to medicare coverage and investment in affordable housing. Even though the GOP (Republican National Committee) voted against, the bill has passed without a Republican vote….
Transitory Inflation Sparks the Fears of Economic Slowdown
The Federal Reserve left interest rate and monetery policy unchanged. This indicates that the US is incomplete economic recovery until now. Some economic experts believe that Federal Reserve will be wrong on inflation being temporary. From my point of view, it is quite difficult to predict inflation at this moment. Fears about the highly contagious…