public spending

Auto Added by WPeMatico

UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases

by

The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy countries declines by 0.5%, and for … Read more

Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises

by

The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future, with the exchange rate predicted to … Read more