The Financial crisis 2008 or the Great Recession is the biggest economic event in the world after the Great Depression of the 1930s. This article explains the causes and consequences of the financial crisis in a very simplified way. [You may also read- The Great Depression of the 1930s explained] What is a financial crisis? …
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On 23rd June 2016, the United Kingdom held a referendum/ vote to decide whether or not to leave the European Union. 52 % of the voters opted to exit from the Union (also known as Brexit). This post explains Brexit in a series of Q&As. What is the European Union (EU)? The European Union is a …
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The Panama Papers leak is making headlines everywhere. It is the biggest leak in the history of the world and the size and the quantum of data revealed is even greater than what was revealed by Wikileaks. This post explains what it is all about in a series of Q&As
The Union Budget 2016 has got presented in the Parliament and most of the economic analysts have congratulated Jaitley on sticking to the fiscal consolidation roadmap.
Image Credits: eveningreports.nz Why are we discussing negative interest rates? Because on 29th January 2016, the Bank of Japan introduced negative interest rate policy. It is an unconventional monetary policy tool which can be used to combat deflationary forces in the economy and increase investments and spending.
On 30 November, the executive board of IMF voted to add China’s currency Renminbi to the Special Drawing Rights (SDR) basket. It included Renminbi into the “basket of currencies” that make up the value of special drawing rights (SDRs). Currently, there are four currencies in the basket- US dollar, UK pound, European Euro and Japanese …
The technical definition of a recession is when GDP shrinks in two consecutive quarters. Brazil is technically in a recession. The GDP of Brazil contracted by 0.7% in the first quarter (April -June) and 1.9% in the second quarter (April-June) of 2015.