Economic crisis articles
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There’s a hard-right tidal wave about to hit Europe – and it will only make the economic crisis worse
Near-zero growth has crushed living standards, sending voters to populist demagogues. But they have no solutions to offerBy the time of the European parliament elections in June, this year’s rightward ebb in European politics will have turned into a tidal wave. Ultra-nationalist demagogues and populist-nationalists are now leading the polls in Italy, the Netherlands, France, Austria, Hungary and Slovakia, and running second in Germany and Sweden. There are two hard-right groupings in the...
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Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn
Green Finance Institute report said further pollution could cut 12% off GDP by 2030sThe destruction of nature over the rest of the decade could trigger a bigger economic slump in Britain than those caused by the 2008 global financial crisis and the Covid pandemic, experts have warned.Sounding the alarm over the rising financial cost from pollution, damage to water systems, soil erosion, and threats from disease, the report by the Green Finance Institute warned that further breakdown in the UK’s...
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Economic security vs. economic coercion
Even bigger investments from the United States and Japan are coming our way in the next five years and the number could go as high as $200 billion – double the initial $100-billion estimate that Ambassador to the United States Jose Manuel “Babe” Romualdez earlier revealed.