Bank of England takes hit after sparking bond market chaos
The Bank of England was trying to stop a meltdown triggered by the government’s mini-budget last month. But its credibility is now on the line.
Source: afr.com
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The trouble with Argentina - Taipei Times
In a commentary earlier this month, Joseph Stiglitz, a Nobel laureate in economics, described Argentina’s recovery last year as a “COVID miracle.” However, the country might be heading for another economic disaster. Consider Argentina’s recent economic history: When Argentine President Alberto Fernandez took office in December 2019, he inherited a two-year recession and soaring inflation of 53.8 percent from his predecessor, Mauricio Macri. The COVID-19 pandemic then deepened the Macri recession, and real (inflation-adjusted) GDP fell by 9.9 percent in 2020. While Argentina’s vast...
Source: taipeitimes.com