By Michael Roberts The three-day summit of the BRICS leaders ends today (24 August). The BRICS are Brazil, Russia, India, China and South Africa. Russian
Category: Economics Archive
1.2% of adults have 47.8% of the world’s wealth while 53.2% have just 1.1% By Michael Roberts Every year, I bring to the attention of
By Michael Roberts This week Russia’s central bank held an extraordinary meeting to discuss the level of its key interest rate after the Russian ruble
By Michael Roberts In the second quarter of this year, the UK economy grew by a ‘staggering’ 0.2% in real GDP. The media and government
By Michael Roberts The latest measure of US consumer price inflation for July actually showed an uptick in the year-on-year rate to 3.2% from 3%
By Michael Roberts In Q2 2023 the Chinese economy expanded by 6.3% year-on-year, up from 4.5% yoy recorded in Q1. Sounds strong, but quarterly growth
By Michael Roberts Both the Federal Reserve and the European Central Bank raised their policy interest rate again this week. The Fed rate now stands
By Michael Roberts The latest employment report from the OECD is a real eye-opener on the cost of living crisis and whether wage rises or
By Michael Roberts Branko Milanovic, former chief economist at the World Bank, has become the leading analyst on global inequality. Starting with his book, Worlds
By Michael Roberts Global economic growth is slowing. There is a global manufacturing recession already in place: the latest surveys of economic activity in the
