Bank of Canada Alerts High Household Debt and Elevated House Prices Pose Top Risks to Economic Situation

Bank of Canada alerts high household debt and elevated house prices pose top risks to economic situation

The Bank of Canada advised that household vulnerabilites have gotten worse over the past year and can lead to tension in the monetary system as borrowing costs soar and also very indebted debtors struggle to service their financial debts. In its most recent Financial System Review, the central bank stated… Continue reading

Global Growth Will Be Choked Amidst Inflation and War, World Bank Says

Global Growth Will Be Choked Amidst Inflation and War, World Bank Says

For large and small nations around the globe, the possibility of averting an economic downturn is fading. That grim diagnosis can be found in a report Tuesday from the World Bank, which alerted that the grinding war in Ukraine, supply chain chokeholds, Covid-related lockdowns in China, as well as dizzying… Continue reading

Gas, Electricity Bills in Europe Could Jump to 4.5% of Disposable Income in 2023

The higher the energy costs in Europe become, the higher the possibilities are for a windfall tax obligation on power companies as well as utilities, as federal governments will certainly be required to reduce the growing pressure on home finances, Citigroup says. Europe all at once could see an energy… Continue reading