Word: inflationitis
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Inflation or Deflation The amount of money that European governments and the U.S. are promising to put into the financial system is so vast - close to $2 trillion, if the cash injections and state guarantees are added up - that it could end up stoking inflation. Consumer prices have anyway been...
Figuring out exactly what's happening and then reacting accordingly falls to the European Central Bank and its president, Jean-Claude Trichet. The bank has been nervous about inflation all year, but earlier this month it slashed its lending rates by 0.5% to 3.75% as part of a coordinated rate...
Until now. In recent weeks, Ireland became the first country in the euro zone officially to stumble into recession. House prices - after rising almost threefold in the decade to 2007 - have slumped 10% in the past year, weakening Ireland's construction industry, which plays an outsized role in the...
Business leaders from around the world lamented economic inequality and the challenge it poses to market capitalism on the second and final day of the Harvard Business School Global Business Summit.Former University President Lawrence H. Summers, in his keynote address, focused on the decline in the United States�...
The one-two punch of corruption and terrorism came as Garcia has been battling a small, but stubborn jump in inflation. Inflation is absurdly low when compared to the seven digits from the 1980s, but it still has Peruvians worried because at 5.3% through September it is more than double...