Suchergebnisse
Suchergebnisse:
The crisis has had significant adverse economic effects and labour market effects, with unemployment rates in Greece, Italy and Spain reaching 27%, and was blamed for subdued economic growth, not only for the entire eurozone but for the entire European Union. It had a major political impact on the ruling governments in 10 out of 19 eurozone countries, contributing to power shifts in Greece ...
The South American economic crisis is the economic disturbances which have developed in 2002 in the South American countries of Argentina, Brazil and Uruguay. The Argentinian economy was suffering from sustained deficit spending and an extremely high debt overhang, and one of its attempted reforms included fixing its exchange rates to the US dollar.
1 year bond. The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso, caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors. As a result, the presidency of Mauricio ...
An economic crisis is a sharp transition to a recession. See for example 1994 economic crisis in Mexico, Argentine economic crisis (1999–2002), South American economic crisis of 2002, Economic crisis of Cameroon. Crisis theory is a central achievement in the conclusions of Karl Marx's critique of Capital.
The economic and social crisis had profound political effects. In 2011 it gave rise to the anti-austerity Movement of the Indignant in Syntagma Square. The two-party system which dominated Greek politics from 1977 to 2009 crumbled in the double elections of 6 May and 17 June 2012. The main features of this transformation were:
Early government responses to rising inflation included a 6.6% rise in the minimum wage, which was announced in 2021, and came into effect in April 2022. The UK government intensified its efforts to respond to the cost-of-living crisis in May 2022, with a £5bn windfall tax on energy companies to help fund a £15bn support package for the public.
From mid- 2014 onward, Brazil experienced a severe economic crisis. [1] [2] The country's Gross Domestic Product (GDP) fell by 3.5% in 2015 and 3.3% in 2016, after which a small economic recovery began. That recovery continued until 2020, when the COVID-19 pandemic began to impact the economy again. The economic crisis occurred alongside a ...
