Combined with elevated unemployment, a stagnant economy spells trouble for the Lithuanians. To drop a package of tax hikes into this mix is to play with fire.
With inflation and the business cycle moving in very different directions across the euro zone, the ECB’s expected rate cut may end up being of no real economic consequence.
After a record sale of U.S. debt, some analysts are suggesting that China and BRICS are waging a form of economic warfare on America. Is there any truth to this suggestion?
Inflation has given tax revenue an artificial boost over the past couple of years. Price stability is back now, yet government spending keeps growing at unsustainable rates.
