August 2023
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BRICS: Inter-Continental Allies
Attention of the world is largely focused upon two events important from geo-political perspective that happened simultaneously. Firstly, BRICS Summit, the group had its 15th summit from August 22nd-24th, 2023, in Johannesburg in South Africa. Secondly, India’s space organization launched Chandrayaan on moon successfully, first of its kind to land on South Pole opening a way…
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Exposure of Inflation on Our Life
In Economic Theory, we learn that individuals or households consume goods & services even if the income is zero. This highlights the importance of consumption as an economic function in our everyday’s lives. Further, to drive the demand cycle of the economy, consumption is supported by willingness to pay plus ability to pay for goods…
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Spain’s economy is emerging as a bright spot in Europe
Spain’s Gross Domestic Product (GDP) is expected to grow at 2.3% in 2023, according to Bank of Spain. The first two quarters of 2023 have also shown a positive trend with the GDP growing by 0.6% and 0.5% respectively as compared to Quarter-on-Quarter results for the last year. The International Monetary Fund (IMF) is more…