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inflation

Greece’s Annual Inflation Rate Jumped to 6.2% in January

Greece's annual inflation rate jumped to 6.2 percent in January from 5.1 percent in December and -2 percent in January 2021, the Hellenic Statistical Authority said on Tuesday. More specifically, all items included in the so-called "basket of goods" recorded...

John Calamos Talks Inflation, Interest Rates, Market Volatility

John P. Calamos, Sr., one of the most prominent financial experts worldwide, says that in 2022 there will be a great deal of volatility in the markets, caused by rising inflation and interest rates. In an exclusive interview with Greek...

Greek Economy to Grow by 4.9 Percent in 2022, EU Says

The Greek economy is expected to grow by 8.5 percent in 2021, 4.9 percent in 2022 and 3.5 percent in 2023, the European Commission said in its Winter economic forecast report released on Thursday. It, therefore, revised upward its earlier...

Turkey’s Doctors Are Leaving the Country Because of Inflation

Turkish doctors are emigrating from Turkey in unprecedented numbers due to the effects of inflation on the country. While inflation has severely impacted Turkey's economy, it has also had profound effects on the country's culture, ramping up violence and instability. Doctors...

Bitcoin Plunges to Six-Month Low Over War Fears

The cryptocurrency Bitcoin fell precipitously to a six-month low as Ukraine war fears made markets uneasy across the world on Monday. Trading in the most well-known cryptocurrency was down 7.4%, to $33,650, its lowest level since July 24, 2021. This...

US Inflation Rises 7% Over the Course of 2021

Inflation rose 7% over the course of 2021 in the United States, the largest increase since 1982. The United States Labor Department released a survey of the country's consumer price index on Wednesday, finding that the cost of goods...

Inflation in Turkey Soars to 36%; Experts Say Could Reach 50%

Inflation in Turkey soared to 36%, the highest in Erdogan era, and it may be headed for the stratosphere, up to a possible 50%, some experts say. With prices for food and drink up nearly 44% annually, Turkey's economic status...

Elon Musk Holds Business Talks with Turkish President Erdogan

Tesla and SpaceX CEO Elon Musk held talks about space with Turkish President Recep Tayyip Erdogan on Thursday. Musk and Erdogan talked at length about space technology as well as electric self-driving cars. Erdogan's official Twitter account said that the...

Turkish Lira Hits New Low Point, Plunging 5.6%

The Turkish lira dipped another 5.6%, hitting record lows against the US dollar on Thursday after the country's central bank slashed its policy rate in line according to the unorthodox economic scheme created by President Tayyip Erdogan. The currency hit...

Bread Lines Grow in Turkey as Inflation Rises

Bread lines spanned blocks in Istanbul, Turkey on Monday as inflation rises. Scores of Istanbulites have turned to the city's subsidized bread program, Istanbul Halk Ekmek (which translates to "Public Bread"), in order to save money as the Turkish lira...