April 14, 2025 /Mpelembe Media/ — Equifax’s 2024 Global Consumer Credit Trends Report offers a broad analysis of consumer credit conditions across ten countries, leveraging the Equifax Cloud™ for enhanced data insights. The report highlights trends in consumer credit demand, debt, delinquencies, and credit card usage, alongside inflation trends. Continue reading
Grocery price inflation in the U.S. continued to cool in the first quarter of 2025, with a few tariff-related exceptions, according to data from Catalina’s robust, real-time Shopper Intelligence Platform. Catalina’s Shopping Basket Index (SBI), which tracks the aggregate average price changes of 10 common grocery product categories, reveals an overall inflation rate of 2% in Q1 2025 compared to the same period in 2024. Continue reading
Jan. 11, 2025 /Mpelembe Media/ — nsave, a fintech company founded by former Rhodes Scholars, launched an investment platform offering safe, compliant overseas accounts and investments to individuals in high-inflation economies. This platform provides access to US equities, ETFs, and soon, funds, aiming to protect and grow wealth for those facing financial exclusion. Continue reading
Consumers across Europe are feeling the squeeze, with 73% reporting higher prices for goods and services in the first half of the year. At the same time, wages and savings haven’t kept pace: 25% of surveyed respondents said their income dropped in the first half of 2024, and 28% said they didn’t save as much. Continue reading
April 19, 2023 /Economy/ — The cost of living crisis is a global issue, and it is having a significant impact on people in the UK. Energy bills, food prices, and fuel costs are all rising, and this is putting a strain on household budgets. There are concerns that the cost of living crisis could lead to social unrest, and there is no clear timeline for when this could happen.
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Steve Schifferes, City, University of London
UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early for eye-catching tax cuts or business boosts.
As war rages in Ukraine and inflation impacts the economy, financial institutions in the United States expect a subsequent economic downturn to drive a rise in financial crime. Continue reading
John Hammond, University of Reading and Yiorgos Gadanakis, University of Reading
Welcome to this special report on the food industry, the fourth instalment in our series on where the global economy is heading in 2023. It follows recent articles on inflation, energy and the cost of living.
David Bach, International Institute for Management Development (IMD)
Chinese leader Xi Jinping’s recent speech to the Communist Party Congress could be one of the most consequential of the decade. He told the audience – and the world – that his economic growth-crushing zero-COVID policy is here to stay, and that Beijing is more determined than ever to reunify with Taiwan, peacefully if possible and by force if necessary.
Phil Tomlinson, University of Bath; Andrew Burlinson, University of East Anglia; Catherine Waddams, University of East Anglia; Donald Hirsch, Loughborough University; Jean-Philippe Serbera, Sheffield Hallam University; Jim Watson, UCL; Jonquil Lowe, The Open University, and Steven McCabe, Birmingham City University
UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.