Why Hungary Protects Russia From Sanctions
Hungary has been cozying up to Russia and China, and drifting away from the West due to its ailing economy, can this alignment help buy it time?
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Why Taiwan matters to the United States
Taiwan is the key that unlocks the Indo-Pacific. Beyond its crucial location, the island is an economic hub and a center for technological innovation.
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Why France is Falling Apart
On the 27th of July Nahel Merzouk was shot by a police officer, triggering several days of rioting in French cities. Why were these riots so different, and has French reached a tipping point?
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The Netherlands is a Giant City
The Netherlands has a secret about its structure and design. Today we will reveal this secret.
The Problem with Britain’s Economy | UK Economy
The British economy has no shortage of problems: higher inflation, falling exports, lower consumer confidence levels, and slowing productivity have all weakened economic growth. Britain is one of the most powerful countries and commands cultural influence worldwide. But it has plenty of problems to fix. So, we examine what has gone wrong and what can be done to tackle the problem.
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The Fall of Canada’s Economy
Despite being one of the wealthiest economies globally, Canada has struggled with stagnating growth in recent years. The country has experienced little to no economic growth in recent years, and this trend seems to be continuing. This lack of growth has been linked to various factors, including a decline in oil prices and a lack of innovation and investment in various sectors. Its economy is also struggling with low productivity and innovation. The OECD forecasts that the country will stagnate and have the lowest growth of any advanced economy over the next 5 years. So, why is Canada struggling to grow, and what can this tell us about other advanced economies?
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What Happened to the German Economy? | German Economy
For a while, Germany experienced the longest period of uninterrupted growth. The German economy thrived on high-quality manufacturing and export-oriented policies, establishing itself as a manufacturing powerhouse. Notably, exports accounted for 47% of the country's GDP, a significantly higher proportion compared to large economies like the US, China, India, and the UK. In 2015, Germany's trade surplus amounted to approximately $255 billion, equating to nearly 7.5 percent of its GDP.
However, the German economy has since slowed down and now lags behind the US and most of Europe, with its growth rate continually decreasing. While it is easy to blame Germany's economic problems solely on the energy crisis caused by the war in Ukraine , the truth is that the country already possessed significant weaknesses before the crisis. The invasion of Ukraine has exposed Germany's dependence on cheap Russian energy, exacerbating its longstanding economic challenges.
So, what exactly happened to the German economy?
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Why Is Britain No Longer a Rich Economy? | UK Economy
It is important to understand that Britain isn't as rich as it believes. There's a reason for this misconception. For the last 15 years, the amount of money families in the UK have for their needs hasn't gone up. Compared to families in northwestern Europe, the average UK family has 20% less money. A survey by the Resolution Foundation in January found that 11% of people in the UK (which is around 6 million people) didn't have enough money for food, so they went hungry sometimes. Britain’s low-growth economy is relentlessly reducing the country’s living standards.
So, what are the reasons for this? Why is Britain getting poorer?
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