-TheConversation.com/TheWire.in With the cost-of-living crisis now at the top of the public’s agenda in many developed countries, the setting of Interest Rates has ceased to be just a technical matter and has instead become highly political. Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic,...

-TheWire.in The role of demographic diplomacy is not limited to migration only. It could also help countries navigate the emerging trends in population dynamics. As the world population touched 8 billion, Rachel Snow, head of the population and development branch of UNFPA, or the United Nations Population Fund, suggested that ‘demographic diplomacy’ could provide answers to a demographically diverse world. This is an interesting and timely concept because, as we know, the world...

-Moneycontrol.com Globally, central banks have been increasing Interest Rates to fight inflation. The global economy will bear the brunt of past monetary policy actions in 2023, the Reserve Bank of India (RBI) monthly bulletin said on December 20. "Emerging market economies (EMEs) appear even more vulnerable, having battled currency depreciations and capital outflows in addition to slowing growth and high inflation," Bulletin said. Globally, central banks have been increasing Interest Rates to fight inflation. RBI...

-PTI/The Telegraph In December 2021, the retail inflation stood at 5.66 per cent Retail inflation dipped below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November as softening prices of food items brought relief but the central bank may wait for more data before pausing hikes in Interest Rates. As per the data released by the National Statistical Office (NSO) on Monday, the consumer...

-Newsclick.in World capitalism is entering a new phase in which Third World economies will witness persistent outflow of finance, even if they raise Interest Rates in tandem with US rates. There are two defining and portentous features of the current world economic situation. One, which is well discussed, is the world-wide increase in Interest Rates in response to the pervasive inflationary upsurge; it would indubitably generate recession and unemployment, which, notwithstanding all...