IMF: only developed economies to return to the pre-pandemic trend this year
The dimmer outlook reflects faltering growth in the world’s largest economies, the United States and China
Inflation
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Erdoğan promises Turkish citizens to control inflation
Today, speaking at the opening ceremony of the Konya-Karaman high-speed train line, Turkish President Recep Tayyip Erdoğan promised to solve the problem of high prices and inflation in the country in the near future. "The problem …
Shopping like crazy: Bulgarians and Greeks cannot resist cheap lira
Bulgarian shoppers are crossing Turkey’s western border in packed cars and buses, taking advantage of a declining Turkish lira to enjoy their own shopping sprees
Britain's nightmare economy of the 1970s may be making a comeback
UK consumer price inflation surged to 5.1% in November, its highest level in more than a decade
Putin spoke about the decline in unemployment in Russia
Russian President Vladimir Putin at the "Russia Calling!" forum reported that a new wave of COVID-19 incidence caused by the emergence of a new strain has raised questions about the pace of global economic recovery. “Of …
Erdogan vows to end scourge of interest, inflation
Turkey’s president Recep Tayyip Erdogan said he would drive away the scourge of interest from the nation. "Those who defend interest among our friends should not take offense. I cannot and will not be with the one …
Armenian central bank raises key rate
Armenia’s Central Bank said today its Executive Board has raised the key refinancing rate by 0.5 percentage points, setting it at 7%. It said also that the Lombard repo rate provided by the Central Bank is 8.5%, and the rate on …
Mises Institute predicts long-term inflation for US
Economists have long argued, as a matter of technical accuracy, that “inflation” denotes an increasing money supply
Turkey fights with food terrorism
Cheaper ‘people’s vegetables’ on offer as anger builds over soaring prices
Turkish Central Bank cuts year-end inflation forecast to 14.6%
Turkey's Central Bank lowered its year-end inflation outlook for 2019 at 14.6%, down from the previous 15.2%. According to the bank, in 2019 inflation is expected to be between 11.9% and 17.3%, with a median of 14.6%, at the end of …
National Bank of Kazakhstan raises key interest rate to 9.25%
The country's international reserves reached $ 86.4 billion.
Asian Development Bank improves economic growth outlook for Georgia
The Asian Development Bank (ADB) has revised its economic growth outlook for Georgia to 4.9% instead of 4.5%. The inflation forecast on Georgia has been reduced to 3% for 2018-2019, according to the report of the Asian …
Turkey will usher in austerity programmes
Finance Minister Berat Albayrak believes that austerity will help to reduce inflation growth
Inflation in Moscow sets new historical minimum in 2016
Inflation in Moscow reached a new historic low of 7.8% by the end 2016, the press service of the Moscow department of economic policy and development. Over the past year the economy of Moscow has managed to successfully adapt to …
Fitch downgrades inflation forecast for Azerbaijan
The International Ratings Agency Fitch Ratings has downgraded the forecast on inflation in Azerbaijan from 14 to 11.5 percent and from 7 to 6 percent, respectively in 2016 and 2017. Fitch report says that the inflation in the country is …
Kazakh National Bank forecasts inflation at 8% in 2016
The National Bank of Kazakhstan forecasts inflation at a level no higher than 8% in 2016, the head of the National Bank of Kazakhstan Daniyar Akishev said at the Astana Economic Forum. "The National Bank's …
Weak ruble ceased to whip on inflation
The slowdown in inflation from 0.031% in January to 0.021% in February 2016 indicates that the devaluation effect has exhausted itself, experts note. "We believe that the effect of the devaluation of the ruble has either been …
Future of Russian economy discussed in Krasnoyarsk
Krasnoyarsk is hosting its annual economic forum, the first took place in 2004. This time its theme was declared as: "Russia: Strategy 2030". Forum participants will develop their proposals for the establishment of a working mechanism of …
Inflation in Russia reaches 12.1%
In the first 11 months of this year inflation in Russia reached 12.1%, the Russian Ministry of Economic Development said. "In November, the consumer price index accelerated to 0.8% from 0.6% in September and 0.7% in October, …
December in Russia begins with doubling of inflation
According to Rosstat, inflation in Russia for the first week of December reached 0.2%. Thus the figure doubled compared with the period from November 24th to 30th. Prices for tomatoes and cucumbers grew the most, having …
