globaleconomy
By The Conversation Steve Schifferes , City, University of London Where is the global economy heading in 2023? After all the challenges of last year, it's a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic, Russia's invasion of Ukraine in February ramped up inflation. Significant rises in the cost of vital items such as food and energy created a cost of living crisis that has engulfed households and businesses. Central banks reacted with a raft of interest-rate hikes, while a wave of industrial action saw workers in many countr...
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By The Conversation Lorenzo Fioramonti, University of Surrey; Ida Kubiszewski, UCL; Paul Sutton, University of Denver, and Robert Costanza, UCL The world population has just hit a new record: 8 billion. As is often the case, there are heated debates about the planet's so-called "carrying capacity" – the total number of people who can live on Earth sustainably. Experts are generally divided into two camps. There are those who argue that we need to drastically reduce the human population to avoid ecological catastrophe. And then there are those who believe that technology will find smart solutio...
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By The Conversation Crypto assets are infamous for being highly speculative and volatile, but it is their "debt problems" that have once again made headlines. Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa US$830 billion (£706 billion). This has coincided with a major downturn in global markets due to interest rates going up, but falling prices also reflect a series of collapses and bankruptcies within the industry. These include the Terra Luna blockchain, lender Celsius, the Voyager exchange/brokerage, hedge f...
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