Deflation

The spectre of deflation Tony Wilsdon, Socialist Alternative (ISA USA) The collapse in oil prices in the second quarter of 2020 will be a further accelerator of the deepening world economic depression. The New York Times writes: “Just a few month...

“The shock to the global economy from COVID-19 has been both faster and more severe than... even the Great Depression” Per-Åke Westerlund Rättvisepartiet Socialisterna (ISA in Sweden) That comment by economist Nouriel Roubini on 24th March indicate...

Sudden reversal of Beijing’s previous exchange rate policy underlines seriousness of China’s economic woes Editorial comment by chinaworker.info On Tuesday 11 August the Chinese central bank PBOC (People’s Bank of China) jolted global markets w...

China’s leaders in tough balancing act between growing debt mountain and falling growth rate chinaworker.info China’s central bank (PBOC) announced on Wednesday 4 February a half percentage point cut in banks’ reserve requirement ratio (RRR) in...