Page-2 of Economic Crisis

2022 Nobel Prize for Economics

This year, the Nobel Prize for Economics was conferred to Ben Bernanke, Douglas Diamond and Philip Dybvig. Key facts The 2022 Nobel Prize for Economics recognized the works that have significantly improved the world’s understanding of the role of banks ..

Month: 

Category: 

Poverty and Shared Prosperity Report 2022

The World Bank’s report titled “Poverty and Shared Prosperity 2022: Correcting Course” provides the first comprehensive assessment of the COVID-19 pandemic’s impact on poverty in developing countries. Key findings The report projected that the world is unlikely to end the ..

Month: 

Category: 

UK scraps tax cut for wealthy

In a policy reversal, the UK Prime Minister has scrapped the tax cut for the wealthy. This controversial tax cut had notably sparked market turmoil and caused the Pound to plunge to record low values. Key facts On September 23, ..

Month: 

Category: 

Sri Lanka’s inflation spikes to 70.2%

Sri Lanka recorded 70.2 per cent inflation rate for August 2022. Key facts Sri Lanka’s inflation has increased to 70.2 per cent in August. In July, the country recorded 66.7 per cent. The National Consumer Price Index (NCPI) has increased ..

Month: 

Category: 

Public Emergency in Sri Lanka

Sri Lanka’s president Gotabaya Rajapaksa has declared a state of emergency in the country which gives sweeping powers to the country’s security forces. This was declared after hundreds of citizens of the county tried to storm his house seething with ..

Month: 

Category: 

IMF approves $650 billion for poor countries to tackle Covid

Member nations of the International Monetary Fund have approved the injection of $650 billion to help countries in dealing with mounting debt and economic fallout because of Covid-19 pandemic. Highlights These reserve assets, called as special drawing rights, have been ..

Month: