Say goodbye to long textbooks! 🥳 Check out my IB Economics Revision Notes and smash the exams! 👊😎 EVERYTHING you need to know and NOTHING that you don’t – put together by an examiner. 😉🤫 Show me those funky notes Reuters: Powell says Fed will not change 2% inflation [...]
Financial Times: Jay Powell refuses to rule out US recession after third 0.75 percentage point rate rise Article published: 21 September, 2022 IB Economics syllabus: Macroeconomics (contractionary monetary policy, inflation, economic growth, recession) High inflation - Central Bank responds Inflation in the US is still so high that their central bank (the Fed) has [...]
CNN: Yes, the unemployment rate rose. Here's why that's good news Article published: 2 September, 2022 IB Economics syllabus: Macroeconomics (unemployment) Unemployment up in the US Even though unemployment rose in August from 3.5% to 3.7%, this is actually good news for the US economy. The reason is simple: unemployment below 4% in America [...]
Reuters: Turkey's inflation hits new 24-year high beyond 80% Article published: 5 September, 2022 IB Economics syllabus: Macroeconomics (inflation, expansionary monetary policy) Inflation is insane in Turkey Last time I wrote about Turkey in January, I was reviewing an article which was about inflation climbing above 20% in the country. Even back then it [...]
CNN: Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994 Article published: 15 June, 2022 IB Economics syllabus: Macroeconomics (contractionary monetary policy, inflation) Inflation soars, central bank responds The US central bank (the Fed) has increased its benchmark interest rate by 0.75%, which is the largest rate hike [...]
Financial Times: Crisis-hit Sri Lanka braces for debt default as dollars run out Article published: 18 May, 2022 IB Economics syllabus: Macroeconomics (national debt, default, economic crisis) Defaulting on national debt When a country's government fails to repay the interest on outstanding national debt on time, it is considered to be in default. This [...]