This economic crisis, as well as the virus, is truly novel- it is not caused by bursting financial bubbles, deficient demand or underutilised potential. Revenues that would normally come from the population producing, earning and
Ten Largest Global Economies: Happiness Index since 2015
Out of the countries shown, the UK is perhaps the most confounding. Over the data period it has experienced significant political upheaval and societal division, centered around the Brexit vote. In 2016, the statistics suggest that Britain actually became happier and has remained on this trend until the end of the data period…
Indian Consumption and Investment as a Percentage of GDP
With elections looming in April/May, the Modi administration has recently released an interim Union Budget proposing policies that offer a rebate to taxpayers earning up to 500,000 rupees (7000 USD), benefitting…
Shrinkflation and the Importance of Measured, Honest Analysis
Caution must always be exercised when making definitive statements about economic developments, something especially true of unwieldy, nationwide aggregations of trends in markets as large and diverse as consumer goods. Headlines such as…
Chart of the Week: Week 4, 2017: Historical Electricity Prices vs Consumption
In this chart we can see that from 2000, consumption by both industry and the public has declined. The price of electricity supplied to both domestic and industrial sectors has risen significantly.