The Middle Class Is Shrinking—Fast The Middle Class Is Shrinking—Fast (image credits: wikimedia) The middle class has long been considered the backbone of a thriving economy. However, in recent decades, this economic pillar has been crumbling. In the United States, the middle class has shrunk significantly, dropping from 61% of the population in 1971 to ...
The Number of Digital Nomads Is Exploding The Number of Digital Nomads Is Exploding (image credits: unsplash) In recent years, the world has witnessed a remarkable surge in the number of digital nomads, now surpassing 35 million globally. This burgeoning community of remote workers has grown rapidly, fueled by advances in technology and changing work ...
Carbon Tariffs Are Changing Global Trade Carbon Tariffs Are Changing Global Trade (image credits: pixabay) Carbon tariffs are emerging as a powerful tool to influence international trade dynamics. The European Union’s Carbon Border Adjustment Mechanism (CBAM) is a prime example. Introduced in 2023, the CBAM imposes tariffs on carbon-intensive imports such as steel, cement, and ...
BRICS Is Expanding Its Influence BRICS Is Expanding Its Influence (image credits: pixabay) Originally formed by five major emerging economies—Brazil, Russia, India, China, and South Africa—BRICS is now expanding its reach. In 2024, the group welcomed Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia into its fold. This expansion is not just symbolic; ...
Global Debt Is at Record Levels Global Debt Is at Record Levels (image credits: pixabay) In 2024, global debt has skyrocketed to an unprecedented $300 trillion. This staggering figure is fueled by relentless borrowing from governments, corporations, and consumers alike. Imagine the world as a gigantic credit card, maxed out to three and a half ...
Central Bank Digital Currencies (CBDCs) Are on the Rise Central Bank Digital Currencies (CBDCs) Are on the Rise (image credits: unsplash) Digital currencies are becoming an integral part of the financial world, and Central Bank Digital Currencies, or CBDCs, are leading this revolution. Over 130 countries are currently exploring or developing their own CBDCs, with ...
AI Could Replace 300 Million Jobs AI Could Replace 300 Million Jobs (image credits: unsplash) The dawn of artificial intelligence (AI) and automation is casting long shadows over the global workforce. According to a report by Goldman Sachs, these technological advancements could impact up to 300 million full-time jobs worldwide. It’s a staggering figure that ...
The Next Big Economic Superpower: Who Will Take the Lead? Global Economic Shift Global Economic Shift The global economic landscape is experiencing an undeniable shift. Traditional Western economies, once the undisputed powerhouses, are gradually sharing the spotlight with emerging markets. Countries in Asia, Africa, and Latin America are driving this transformation. These regions are experiencing ...
How Global Trade Wars Are Reshaping the Economy Supply Chain Disruptions Supply Chain Disruptions Global trade wars have been a catalyst for significant changes in how companies manage their supply chains. These tensions force businesses to reevaluate their dependencies, especially on countries that are heavily targeted by tariffs or are facing export restrictions. The traditional ...
Understanding a Strong Dollar Understanding a Strong Dollar (image credits: unsplash) A strong dollar is a term we often hear, but what does it really mean? Essentially, a strong dollar means that the U.S. dollar has increased in value compared to other currencies. This makes it more expensive for foreign entities to buy dollars. Imagine ...
Jack Smith, B.Sc. Economics
Chris Divay, B.Sc. Finance
Chris Divay, B.Sc. Finance