“I would like to state that this is disgusting. We can see that the government tries to eradicate the opposition by any means.” These were the words of Alexei Navalny after the court hearing on the 30th of December, where he was given a suspended sentence and his brother, Oleg Navalny, received a three-and-a-half years … Continue reading
Much of the Europe ended 2014 with heavy snow and low temperatures and I just wanted to question whether this would act as an obstacle to Eurozone’s economic activity. Whilst a cold winter could make life difficult for people, this will also have an impact on the economic activity. Harsh winter conditions can affect production … Continue reading
Macau’s casino recorded their worst year as revenue fell 2.6% in 2014, ending a decade of expansion that turned the former Portuguese colony into the biggest gambling hub. December saw a seventh consecutive monthly revenue decline with data released showed a record 30.4% monthly decline. This came as no surprise as analyst predicted a 28-33% … Continue reading
Venezuela confirmed on Tuesday that it is in recession as the country’s GDP shrank for 3 consecutive quarters with a fall of 4.8% in the first, 4.9% in the second and 2.3% in the third. The central bank also announced that the inflation rate had reached 63.6% in the 12 months to November, one of the … Continue reading
2014 has been an eventful year. Crimean Crisis, rise of the Islamic State, Ebola outbreak and World Cup are just the highlights of the year. The Crimean crisis has been long in the making. Since Ukraine’s parliament declared independence from the USSR following an attempted coup in Moscow in 1991, Russia and Ukraine have had … Continue reading
Back from exile, the American consumers are once again powering their nation as the world’s largest economy. Fresh data on Tuesday show the the US has shifted from slow growth to rapid growth, expanding 5 percent in the third quarter, the biggest growth figure in 11 years. The main driver has been the US consumer … Continue reading
The benefits of trade have been well documented throughout history. The economic case is quite straightforward. Opening up to trade allows countries to shift their patterns of production, exporting goods that they are relatively efficient at producing and importing goods at a lower price that they can’t produce resourcefully at home. This lets resources to … Continue reading
Official figures from US suggest that the economy grew at an annual rate of 5% in the third quarter due to robust consumer spending and business investment. This is the fastest rate world’s largest economy has grown since 2003. Growth in second quarter this year was recorded as 4.6%. Growth rate came higher than the … Continue reading
According to figures released by the ONS today, UK GDP grew by 0.7% in the third quarter, down from 0.8% in Q2. Between Q3 2013 and Q3 2014, GDP growth has been 2.6%, a downward revision from the previous estimate of 3%. Consumer spending was the main source of the growth in third quarter, whilst … Continue reading
The Brazilian President Dilma Rousseff, who began her second term in January, said she will take “drastic” measures in 2015 to get the Brazil’s economy back on track and suggested confidences in a rebound in fortunes regardless of the current gloomy economic environment. She played down speculations she would raise taxes or the measures that … Continue reading
The Junior Economist 