O72: THE U.S. DEBT CEILING EXPLAINED!

After intense negotiations, a deal between the White House and US House speaker has been struck and a divided Congress is on board. All that is left is the signature of President Biden. But what is the US debt ceiling precisely? And what would have happened if it wasn't raised?

A brewing pension reform highlights how France can longer afford the easy ride it has had for decades. #economicsecho to join the conversation.

The past year has been bruising for Russia’s economy. Foreign investors fled en masse, many never to return. Official forecasts suggest that few countries will see their GDP shrink by more this year. Only a handful of countries, including war-torn Ukraine, will end up posting worse numbers. From another perspective, however, Russia did surprisingly well.

The global economy has endured a tough 2022, with decades-high inflation sapping post-lockdown spending and pushing central banks to hike borrowing costs at an unprecedented clip to bring it under control. But could 2023 be even worse? Is a global recession looming? And if so, how do we get there?

The Great British pound crashed to its lowest level ever. The U.K. went through four chancellors and three Prime Minister's. Taxes rose to their highest level in 70 years, real wages fell at the fastest rate in decades and inflation pushed up the cost of a typical Christmas dinner by 10%. Oh and to top it all off a wave of strikes brought the whole country to a standstill. But could there be light at the end of the tunnel in 2023? We discuss the reasons to be optimistic about the British economy in the new year.

Thank you so much for tuning into episode 67. The honeymoon period for Chancellor Rishi Sunak and his country and indeed his party is well and truly over. In this episode we will discuss his declining opinion polls and approval ratings. What has he done or more precisely failed to do that ended up damaging his image. And also assess whether it is possible for the Sunak to make a comeback. So, to recycle old headlines from 2020, 2021 and earlier this year. Let's investigate whether Rishi is still Dishi. #economicsecho to join the conversation

Thank you so much for tuning into episode 66. Russia's invasion of Ukraine is happening hundreds, if not, thousands of miles away from many of us. And yet millions of families will feel the economic consequences. That's because the world economy and financial markets are interconnected. As Covid demonstrated, events on one side of the planet can set off shockwaves on the other side. So what does the Russia - Ukraine mean for you economically? We dissesct it all on today's episode #economicsecho to join in the conversation

Thank you so much for tuning into episode 65. The East-West faceoff over Ukraine escalated dramatically Tuesday, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and U.S. President Joe Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks. But how effective will they be in changing President Putin's calculus and what sort of an impact can we expect on the Russian economy as a whole? #economicsecho to join in the conversation

Thank you so much for tuning into episode 64. Turkey's President Recep Tayyip Erdoğan has taken a huge bet that he is right and all of the world's economic experts are wrong. Most economists believe higher interest rates temper inflation. President Erdoğan respectfully disagrees. With the Turkish economy accelerating downwards and inflation at decades high. Is Recep Tayyip Erdoğan's monetary policy as mad as it sounds. And does this economic crisis ultimately spell the end for Erdoğan? All of this and much more coming up! #economicsecho to join in the conversation

Thank you so much for tuning into episode 63. With consumer prices continuing to skyrocket upwards from food to energy to used cars and wages struggling to keep up with the cost of living crisis. I think it's time to revisit the notion of trnsitory inflation? Were the experts right? Is this the new normal? What can be done about it? Is anyone still repping team transitory? #economicsecho to join in the conversation