Tag: economy

How Deep is the Global Depression?

The world economy is being shaken as never before. 2.7 billion workers around the world — 81 percent of the labour force — are under lockdown or travel bans. Hundreds of millions risk acute starvation. And yet, no one knows how deep or long-lasting the depression will be.

Johnson risks lives for profit – no return without safety – organise the fightback!

Boris Johnson’s latest update on the government’s fight against the coronavirus pandemic, attempting to outline a ‘road map’ toward moving the country out of lockdown, has left many people in Britain confused. According to a YouGov poll, only 30% of people feel they understand the new slogan of “Stay alert, control the virus, save lives”.

Devaluation of yuan jolts global markets

On Tuesday 11 August the Chinese central bank PBOC (People’s Bank of China) jolted global markets with the announcement of a devaluation of the yuan – by the widest margin for 21 years under its controlled exchange rate regime. The decision effectively marks China’s entry into the global currency war, […]

World economy – heading for the junkyard

David Cameron seems to have woken up to the problems facing the world economy when he said “red warning lights are once again flashing on the dashboard.” For once the Socialist would agree with him, but of course the Tories offer no answers. Having blamed Labour for the last crisis […]