Argentina pays IMF debt with loan from Qatar
BUENOS AIRES The Special Drawing Right is a reserve fund introduced by the IMF that gives all member states additional financial leeway. Most recently, Argentina had already taken out loans from the Latin American Development Bank (CAF) and in China to meet its obligations to the IMF. The second largest economy in South America owes […]
Ukraine’s Increasing National Debt Amid Economic Collapse and Russian Invasion
Kyiv The direct national debts at home and abroad have only increased from 79 to 92 billion euros, it said. At the same time, however, the Ukrainian economy collapsed after the Russian invasion last year. The economic output of the attacked Eastern European country for the whole of 2022 has now been estimated by the […]
China is aging rapidly – and could therefore miss its own targets
China’s rapid rise is historically unprecedented. The country went from a bitterly poor agricultural state to the second largest economy in the world. Within half a century, per capita economic output has increased fourfold. A seemingly inexhaustible reservoir of cheap labor made China first the world’s workbench, then the second most important destination for German […]
See nothing, hear nothing, say nothing
Jeremy Hunt with the famous “Budget” suitcase The British finance minister has presented a growth plan. However, he does not want to talk about the negative consequences of Brexit. (Photo: AP) How do you formulate a growth plan without releasing the biggest brake on growth? With his “Budget for Growth” this week, British Finance Minister […]
Jeremy Hunt wants to use Brexit freedoms
Rewrite this content Jeremy Hunt If the British Chancellor of the Exchequer has his way, Brexit should do the trick. (Foto: Bloomberg) London If a British government no longer knows how to overcome Britain’s chronic weakness in growth, Brexit is usually its last hope. That was already the case under Boris Johnson and Liz Truss. The […]
Housing starts and permits soften
WASHINGTON – The building permits preceding the start of construction give an indication of the building activity to be expected. The US real estate market has been slowed down for some time by the sharp rise in mortgage interest rates and high inflation reducing purchasing power. Despite this, housing starts fell by only 1.4 percent […]
Russia’s economy is threatened with collapse
Rewrite this content Russian National Bank According to official figures, the Russian economy is doing better than expected, but a look at the details reveals abysses. (Photo: IMAGO/ITAR-TASS) Berlin A bunker mentality has long prevailed in Russia’s economic and financial world. In the truest sense, the Russian government now meets regularly underground to discuss the […]