Australia needs blockchain ‘more than ever’ to flip productivity freeze
Australian Parliament Member Andrew Charlton said he believes blockchain technology could add $60 billion to the economy. Go to Source
economic growth
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Intel and AfDB to train millions of Africans in AI
The initiative aims to equip many Africans with skills in advanced technologies like artificial intelligence, robotics and data science. Go to Source
US Banking Crisis Looms as ‘Credit Tightening’ Mentions Reach Record Highs on Company Calls
Recent data reveals that while the banking industry in the U.S. is facing significant challenges, executives are mentioning “credit tightening” more frequently in earnings calls than during the 2008 financial crisis. Additionally, Google Trends data indicates a surge in search queries related to bank failures and crises. The findings suggest that the U.S. economy is … Read more
How does the economy work?
The economy is a system of producing and exchanging goods and services in a society. Go to Source Powered by WPeMatico
What is fiscal policy, and why does it matter?
Fiscal policy shapes economies through government spending, taxation and borrowing. Go to Source Powered by WPeMatico
Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector […] Go … Read more
Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease further. However, economist Mohamed El-Erian of the University of Cambridge believes inflation will become “sticky” in midyear, … Read more
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate are intended … Read more
Survey: Cryptocurrency Adoption to Grow Significantly This Year in Latam
A new cryptocurrency-related survey presented by Sherlock Communications highlights the growth that Latam countries are expected to experience this year, due to the particular traits the region has compared to other areas of the world. The results of the survey make projections that see crypto adoption growing by triple digits in some countries like Argentina … Read more
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion between now and the year 2023. Sub-Sahara Africa’s … Read more
