For decades, economists shaped public policy and swayed governments worldwide. But as the political tide shifts and public trust wanes, their once-unassailable influence seems to have faded. Now, the profession is grappling with a critical question: How can economists regain relevance in a world that increasingly questions their authority? The[Read More…]

Europe stands on the brink of profound internal divisions, as economic disparities and political disagreements threaten the continent’s unity. The European Union (EU) is grappling with challenges that could reshape its future. The EU’s initial solidarity in response to Russia’s invasion of Ukraine in 2022 showcased its capacity for unity.[Read More…]

Every year, road crashes claim thousands of lives in the Philippines, leaving families devastated and imposing a significant economic burden on the nation. The Department of Transportation (DOTr) estimates that road traffic accidents cost the Philippine economy approximately PHP 105 billion annually, encompassing medical expenses, loss of productivity, and property[Read More…]

In an age where economic volatility is a global concern, understanding the nuances of monetary policy has never been more critical. Monetary Economics and Policy, written by seasoned economist Mohamed Ariff and renowned academic John Malcolm, provides a comprehensive dive into the mechanics of economic systems, shedding light on the[Read More…]

In a striking reversal of economic fortunes, Southern Europe—once derided as the “PIIGS” (Portugal, Italy, Ireland, Greece, and Spain) during the eurozone crisis—is now outpacing its Northern counterparts, raising concerns about new divisions within the European Union. Post-pandemic, nations like Greece, Spain, Portugal, and Italy have experienced robust economic growth,[Read More…]

In the wake of escalating government borrowing costs, Chancellor Rachel Reeves has pledged to accelerate efforts to stimulate the UK’s economic growth. On 14 January 2025, Reeves addressed Parliament. He noted high government bond yields and pressure on public finances. The Chancellor’s remarks come amid criticism from Conservative Shadow Chancellor[Read More…]

In the final quarter of 2024, Portugal’s economy exhibited a notable upswing, defying earlier forecasts of stagnation. Key economic indicators, including retail sales, card spending, and car sales, surged by 11.9% year-on-year during this period, signalling a robust recovery in consumer confidence and spending. The Bank of Portugal’s composite indicators,[Read More…]