Amid the turmoil and violence that has long gripped Haiti, a beacon of hope emerges with the establishment of a Transitional Presidential Council. This pivotal move follows the resignation of former Prime Minister Ariel Henry, marking a critical juncture for the nation. The newly formed council, a mosaic of Haiti’s diverse political and social fabric, […]
Related Posts
Beyond the Average: Cape Verde’s Growth in the Sub-Saharan Context
In 2023, Cape Verde’s economy expanded by 5.1%. Despite impressive growth below the 5.7% target, Cape Verde saw a remarkable 17.4% surge in 2022 post-pandemic recovery. Key sectors like information and communication, along with hospitality, significantly contributed to this economic momentum, according to the National Institute of Statistics (INE). Looking forward, the government sets a […]
Brazil’s Purchasing Power Plummets Over a Decade
Over the past decade, Brazilians have seen their purchasing power nearly halve as rising product prices outpace wages. Initially, 100 Reais ($20) could easily cover a basket of 13 basic groceries. Now, that same amount struggles to purchase half as much. The official inflation measure, IPCA, surged by 88% over these years. In contrast, average […]
OPEC+ Postpones Production Increase as Oil Prices Falter
The Organization of Petroleum Exporting Countries (OPEC) and its allies have delayed a planned production increase. This decision comes as oil prices continue to struggle amid weak global economic prospects. The group announced the postponement on Sunday through a statement on OPEC’s website. OPEC+, led by Saudi Arabia and Russia, had intended to boost production […]