Fears of a financial crisis in China have come to the fore again after, shortly before the end of 2013, 7-day interbank interest rates jumped to levels above 10% for the second time in the last 6 months. In response, the central bank intervened, injecting around …

As Ben Bernanke's term as Federal Reserve Chairman nears its end, the question of what the central bank's future policy will be is becoming increasingly pressing. Will Janet Yellen, President Obama's nominee to replace Bernanke, continue the Fed's current loose monetary policy, or can we expect a gradual withdrawal...

With the onset of the Great Recession, European Union (EU) governments loosened their purse strings and let automatic stabilizers operate, predictably swelling their budget deficits in the hope that rising public spending would get the economic engine going again. But the obstacles to growth in most EU economies are always …

With the planned average increase of 4.1% in the minimum social security thresholds in 2014, the government will deal another blow to the labor market in Bulgaria. This measure, aimed at filling the budget gap, hides many risks and negative consequences, mainly expressed in declining employment, especially in poorer regions …

The past few days have seen severe financial market turbulence in most of the developing countries in Asia. In India, the situation has begun to be compared to the financial crisis of 1991, while in Indonesia, parallels are being drawn with the Asian crisis of 1997.

After telling you in the first part of the series of articles about the bubbled recovery of the global economy how the loose monetary policy of major central banks creates the false impression that some of the major economies are on the path to recovery, in the second part I will focus on one specific bubble that manages to...

Five years after the start of the Great Recession, we can take stock that the much-dreamed-of economic recovery of the global economy is missing.

The alleged idea of making the Turkish (or mother tongue) language "mandatory" in public schools has received a lot of attention in recent days. A line from a pre-election rally of the Movement for Rights and Freedoms was used by the two antagonistic-allies parties (Ataka and DPS) for another series of manipulations of sensitive electoral groups, which they ...

The series of articles aimed at explaining commonly used macroeconomic indicators continues. In the previous one, I explained what the gross domestic product (GDP) measures and what its shortcomings are. Now it's time for another frequently used macroeconomic indicator - the consumer price index (CPI).

Is gross domestic product a good indicator of the size of the economy? Does it measure growth? What are its shortcomings?