The Indian powerhouse is running out of steam. The pressure is on the government, as it holds budget talks.
For years on end, Turkey has been able to log astonishing growth rates. But economists are now sounding the alarm bells, saying that political uncertainties are not the only cause for concern in the coming months.
The US Federal Reserve has raised its key lending rate by another quarter-point — the second time in 2018, and aimed at staying ahead of growing inflation amid strong growth and robust employment.
Bank notes seem to be the only thing growing in South Sudan’s economy these days. The central bank has just issued a 500 pound note. Economists fear the move could worsen already rampant inflation.
Inflation has hit 25 percent, the Argentine peso has lost about 20 percent of its value against the US dollar, and the federal budget is in deficit. The government hopes the IMF loan will get the country back on track.
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