Following a sharp rise in inflation precipitated initially by the supply-side disruption as the pandemic ended and supply lagged demand, then the Russian invasion of Ukraine, central banks are tightening policy. The US Federal Reserve is at the forefront of this charge, raising interest rates at the fastest pace since the 1980s. There is no …
Why the UK current account deficit matters
What do Russian oligarchs, the selling of UK companies to foreign investors and the slide in the pound all have in common? The answer is they all help to fund the UK’s growing current account deficit. And it is indeed widening. In Q1 2022, the UK’s trade deficit was £33.4bn, and the current account deficit …
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What is it all for?
Well, he did it. The amassing of some 160,000 troops on its borders was a clear sign of intent to invade Ukraine. Still, the feeling of shock expressed by so many at the actual event is genuine because of the enormous ramifications and import of the most significant military ground offensive in Europe since World …