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Beirut, 2 February 2022–The local currencies of the Sudan and Lebanon lost about 87% and 82% of their purchasing power against the United States (US
Beirut, 2 February 2022–The local currencies of the Sudan and Lebanon lost about 87% and 82% of their purchasing power against the United States (US
Economics Correspondent Just before Christmas, the UN Human Development Index 2020 ranked Ireland joint second in the World across a range of indicators which measure quality of life, just below Norway. There was a minor kerfuffle on Twitter. Hurrah, shouted some. Bah, shouted others. Quality of life means many things to many people. Some aspects are measurable; some not. One aspect is prosperity. And normally, income is used to measure that. Economists can make a stab at guessing what that is. But not without a lot of disagreements and even more caveats. The International Comparison Programm...
Economics Correspondent Just before Christmas, the UN Human Development Index 2020 ranked Ireland joint second in the World across a range of indicators which measure quality of life, just below Norway. There was a minor kerfuffle on Twitter. Hurrah, shouted some. Bah, shouted others. Quality of life means many things to many people. Some aspects are measurable; some not. One aspect is prosperity. And normally, income is used to measure that. Economists can make a stab at guessing what that is. But not without a lot of disagreements and even more caveats. The International Comparison Programm...
Messenger BEIRUT, Dec 12: Qatar and the United Arab Emirates ranked second and eighth respectively among the world’s top 10 richest countries, while Egypt and the Sudan ranked first and third respectively among the 5 least expensive countries, according to a new report released by the United Nations Economic and Social Commission for Western Asia (ESCWA). The regional report, titled “Purchasing Power Parities (PPP) and the Real Size of Arab Economies”, presents the largest and most recent annual PPP time series covering 2011 to 2019. Most countries still rely on the official exchange r...