Current Affairs by IB Economists

Climate change is a war which is inevitable, the only way to win this war is sustainable development. Economists have been trying to help with this, but what is the current situation?

The United States and China are the worlds largest Economies and Exporters, these two countries are the global economic powerhouses and the world of global trade is dependent upon them and a trade war between the two could disrupt global trade and affect the nearly every economy on this planet. Apart from the sources given below, you can also read our original blog articles about this topic  here        

There were numerous actions and policies undertaken by legislative bodies around the world to combat that forecasted economic downturn caused due to outspread of the pandemic. Most fiscal policies and monetary policies were enforced to maintain the macroeconomic stability of the economy. However, these policies may have controversial drawbacks. Apart from the sources given below, you can also read our original blog articles about this topic  here 

Over the years, the oil crash frequency has increased exponentially; subsequently, oil spills not only have an economic impact but also have an environmental impact, especially marine life, drastically. Nonetheless, oil spills have often led to price wars between large cartel oligopolies, OPEC. Consequently, these price wars lead to volatile fluctuations in exchange rates, inflation rates and inflation rates. Apart from the sources given below, you can also read our original blog articles about this topic  here