Implosion
The commercial and financial sanctions imposed by the US-led alliance on Russia is finally starting to bite.
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Presidential candidate and convicted felon Donald Trump promised to raise tariffs to pave the way for the elimination of all income taxes. The proposal was universally condemned by America’s most respected economists.
The results of EU-wide elections for the European Parliament came as no surprise. Domestic elections had indicated a strong shift in voter preference for rightwing parties.
Business, as we know, hates uncertainty and loves predictability. A clear path to the future helps enterprises plan longer term and work more productively.
Our consumers are taking a beating from our prolonged bout with elevated inflation rates. It reflects in consumer acceptance of downsized products, aggravating our uneconomical “sachet” culture. It also reflects on the business models of retailers, increasingly replacing traditional brands with cheaper knock-offs.