By the start of 2024 high inflation had forced the Federal Reserve to raise interest rates to 5.5% – their highest level for more than two decades. Many expected America to have a recession. Instead, its economy has boomed. In the third quarter it grew by 2.8% year on year – a full percentage point more than forecast in July. America’s unemployment rate is around 4%, well below the average of the past 30 years. And inflation is finally coming down. Output per person is 40% higher in America than in Western Europe and Canada and 60% higher than in Japan.
Tag: America
What Trump’s Return to the White House Means for America, the World and India
As the world braces for another chapter in the American experiment, the return of Donald Trump to the White House promises not just a change in leadership, but a seismic shift in the global order—one that will be felt in corridors of power, war-zones, and beyond.
Is the United States facing a Third World Future?
The United States has long been considered a global superpower and a symbol of prosperity and democracy. However, recent developments and global power shifts towards Asia have raised questions about the country’s standing. As the world’s largest economy, the United States has traditionally been at the forefront of global leadership, championing democratic values and capitalist ideals. However, a closer examination of the country’s current situation reveals a complex picture that warrants analysis.
Japan’s Red Pill Triggers Wave of Hospitalisations
In this latest podcast episode, we discuss Japan’s red yeast pill that triggered a wave of hospitalisation due to toxic consumption, followed by quick round up of news that offers unique perspectives on terrorism trends, military coups in Africa, Russia-Ukraine war and more.
The Viyug’s Guide to Understand Haiti’s Ongoing Crisis
Haiti represents a complex and multilevel challenge that has gripped the nation in a relentless cycle of turmoil and suffering. Defined by deep-rooted political instability, pervasive extreme poverty, and the seismic impact of president’s assassination, Haiti finds itself at a critical crossroads.