The FINANCIAL — Merger and acquisition (M&A) activity in the first half of 2022 resets to pre-pandemic levels of approximately 25,000 deals. Lower valuations are expected to bring better opportunities for dealmakers to generate healthy returns, as evidenced by recent public-to-private transactions which increased by more than 50% in 2022 compared to the prior year period, according to PwC.…
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Global issues and COVID-19 have driven up costs for food and other…
Economic policy expert says Russian invasion will worsen things, but long-range expectations…
ISTANBUL — Turkey’s president announced on Saturday a 7 percentage-point reduction in…
The FINANCIAL — Merger and acquisition (M&A) activity in the first half of 2022 resets to pre-pandemic levels of approximately 25,000 deals. Lower valuations are expected to bring better opportunities for dealmakers to generate healthy returns, as evidenced by recent public-to-private transactions which increased by more than 50% in 2022 compared to the prior year period,…
Global issues and COVID-19 have driven up costs for food and other goods. A dollar spent at the supermarket pays for more than what you see in your cart. And what you can get with that dollar has changed a lot since this time last year due to inflation.…
Economic policy expert says Russian invasion will worsen things, but long-range expectations still near Fed goal for now according to University of Harvard. Inflation continued to soar in February, with a key measure hitting a 40-year high, according to federal data released Thursday. Driven by higher energy costs, gasoline in particular, the Consumer Price Index rose…
ISTANBUL — Turkey’s president announced on Saturday a 7 percentage-point reduction in taxes added to basic food supplies as the country faces rampant inflation.…
The FINANCIAL — The Internal Revenue Service today announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2021-45 PDF provides details about these annual adjustments.…
Itay Goldstein, a professor of finance and economics at the Wharton School, talks to Penn Today about inflation, higher food and gas prices, and supply and demand.…
Many economists forecast that the U.S. economy is poised to recover, albeit somewhat unevenly, from the historic disruptions caused by the pandemic. But the latest Consumer Price Index (CPI) report out this week has further stoked public worry that rising inflation could hobble that progress.…
The FINANCIAL — An International Monetary Fund (IMF) staff team led by Mercedes Vera Martin conducted virtual discussions from October 5 to November 9, 2020, on the Seventh Review under the Extended Fund Facility (EFF) arrangement. At the conclusion of the mission, Ms. Vera-Martin issued the following statement: “Following productive discussions, the Georgian authorities and…
The FINANCIAL — National Statistics Office of Georgia published data of Inflation rate in Georgia (September 2020) according to which the Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 3.8 percent. With regard to the annual core inflation, the prices increased by 5.2 percent,…
The FINANCIAL — A new Asian Development Bank (ADB) report, the Asian Development Outlook 2020 Update said that Georgia is forecast to return to the economic growth of 4.5 percent in 2021 thanks to expected recoveries in tourism, private consumption, investment, and net exports, following a contraction this year due to the coronavirus pandemic. In ADB’s…
The FINANCIAL — National Statistics Office of Georgia published data of Inflation rate in Georgia (August 2020). The Consumer Price Index decreased 0.02 percent compared to the previous month, while the annual inflation rate amounted to 4.8 percent. With regard to the annual core inflation, the prices increased by 5.7 percent, while the annual core inflation…
The FINANCIAL — National Statistics Office of Georgia published data of inflation rate in Georgia (July 2020). The Consumer Price Index decreased by 0.5 percent compared to the previous month, while the annual inflation rate amounted to 5.7 percent. With regard to the annual core inflation , the prices increased by 6.1 percent, while the annual…
