#InflationCrisis

[rethinking-the-dollar]

Fed just cut rates drastically, signaling potential economic turmoil. This has always been the trigger that precedes an 'official' recession or worse? This upcoming episode of financial reshuffling will be historic. Find out more here:

[newsbites]

News from southern Africa, 3 July.

Cenored, a regional electricity distributor in Namibia, is increasing its electricity rates by 7.6% from July.

This increase follows a 9% tariff hike by the national power utility, NamPower.

The Electricity Control Board granted Cenored an average tariff increase of 7.6% and 7.3% for the Cenored Okahandja joint venture.

2. Botswana and De Beers have agreed on a new diamond sales deal that gradually increases Botswana's share of rough stones to 50% over the next decade.

The agreement includes a 10-year sales deal for Debswana's rough diamond production and a 25-year mining license.

De Beers will contribute $75 million towards a diamond fund and increase its investment over the next 10 years to benefit the Botswana economy.

3. President Mnangagwa of Zimbabwe has accused businesses of creating artificial shortages of basic food commodities amid an inflation crisis.

The government had previously lifted restrictions on the importation of basic goods, but prices have continued to rise and products are disappearing from shop shelves.

Zimbabwe is experiencing high food inflation rates and a weakening currency, making it difficult for many citizens to afford basic food items.

[binimom]

Is the Argentine economy okay as it is?

Argentina's economy

Argentina is grappling with a severe economic crisis characterized by soaring inflation rates, currency depreciation, and dwindling employment opportunities. As of October 2018, the country's consumer price inflation rate stood at 45.9%, the highest since 1991.

Some of the factors contributing to Argentina's inflation problem include

Devaluation of the Argentine peso: This is mainly due to the government's fiscal policy and foreign currency borrowing issues. Lack of employment: A lack of jobs can increase demand, which can drive up prices. Inflation itself: Inflationary expectations contribute to higher inflation rates. Decline in agricultural output: Climate change has led to a decline in productivity, which in turn has led to a decline in agricultural output.

What can I do?

To mitigate the ongoing economic crisis, the Argentine government and central bank have implemented a number of measures, including raising interest rates and announcing price stabilization measures. However, these efforts may not be enough and additional actions are needed.

Focus on reducing the inflation rate: Policy reforms in agriculture, transportation, energy, and other industries can help increase productivity and stabilize prices for products and services. Take steps to stabilize prices: Governments should monitor the rate of inflation and adjust prices when necessary to protect consumers. Transparent information: Providing citizens with accurate information about economic conditions can help them understand the situation and take action.

[lifeswoop]

7 Lessons from Zimbabwe's Hyperinflation Crisis

7 Lessons from Zimbabwe's Hyperinflation Crisis

Link: https://www.lifeswoop.com/2023/05/7-lessons-zimbabwe-hyperinflation.html

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#hyperinflation #Zimbabwe #economics #inflationcrisis #lessonslearned #financialcrisis #monetarypolicy

[lalo-w]

#inflation #inflationcrisis #joebiden #Biden #bidenadministration #bidenflation #inflationisnottransitory #democrats