The oil shock, the double -
digit inflation in the US, and a drop of 50 % in the US stock market made businesses look harder for ways to manage risk and insure themselves more effectively.
The fundamental conditions that CAUSED double -
digit inflation in the 1970s no longer exist.
Notwithstanding the impact of Naira devaluation and double
digit inflation in Nigeria and a number of other African countries where UBA operates, the Group managed through its cost lines to deliver a sterling Profit Before tax (PBT) ofN57.5 billion, representing a significant growth of 65.5 percent over N34.8 billion recorded in the corresponding period of June 2016.
We are not suggesting that we should brace for double -
digit inflation in the near future; a partial correction of velocity and money multipliers toward historical norms is plausible, however, and would put additional pressure on inflation, complicating the normalization of monetary policy.
Not exact matches
A self - described «enemy of interest rates», he has repeatedly called on the central bank to lower rates to boost growth, even though
inflation in running at double
digits.
With
inflation believed to be
in triple
digits, vast lines outside supermarkets owing to shortages of basic goods and an 80 % collapse of the currency on the black market, it was the economy that turned Venezuelans away from the government.
By the time that decade ended, price - to - earnings ratios were
in the single
digits — but you had little or nothing to show for buying cheap equities during the prior 15 years; and that's before accounting for very high
inflation.
While modest wage
inflation bodes well for the Japanese stock market on average, the sectors best positioned to benefit are those
in which wages as a percentage of revenue are low, typically
in the single to low - double
digits.
Anybody who lives
in China knows that the real rate of
inflation for food, housing, and income is well into the double
digits.
Venezuela's oil production plunged last year to the lowest
in decades as Maduro's socialist government contended with quadruple -
digit inflation, a contracting economy and social unrest.
This is because of increased media as Drew previously discussed and media
inflation in the upper single -
digit range along with normalized incentive compensation levels.
-LRB-...) Labour - intensive industries across Dongguan, a city of 8m that from a distance resembles a forest of factories, are grappling with a drop
in orders from the west at a time when double -
digit Chinese wage
inflation over the past couple of years has prompted western retailers to move orders to south - east Asia and Bangladesh.
The annual
inflation rate
in the United States, as measured by the CPI, exceeded 20 percent
in 1917, and remained
in double
digits for the next three years (17.5, 14.9, and 15.8) before the partial reversal of 1921.
But
in fact Chair Yellen and her colleagues on the Federal Open Market Committee have already baked double
digit inflation into asset prices.
In the 1970s, it was exactly this type of double -
digit inflation that set the stage for the high real returns realized after 1980.
The bank's reluctance to aggressively tighten policy
in the face of double -
digit inflation has increased concern that it is under pressure from Turkish President Recep Tayyip Erdoğan.
We are after all the party with the best record
in terms of having the longest sustained period of single -
digit inflation.
Inflation, the President added, has declined from 15.6 % at the end of 2016 to 10.4 % at the end of March this year, and is expected to decline even further to an end - of - year single
digit target of 8.9 %; with economic growth increasing from 3.6 %
in 2016 to 8.5 %
in 2017.
In October, Central Bank Governor, Godwin Emefiele said he expected
inflation rates to fall at a faster pace and reach the high single -
digits by the middle of 2018.
On the economy the manifesto says the next NDC government will pursued
in the next four years: an average GDP growth rate of at least 8 per cent per annum and a single
digit rate of
inflation;
Touching on the economy, the president said his government will ensure that the cedi is stabilized and the
inflation rate is decreased to a single
digit in his second term.
We're talking about annual
inflation in the very low single
digits here.
In the 1970s and early 1980s,
inflation was at double -
digit levels and was projected by almost everyone to be ever increasing.
If you had elected this same $ 2000 per month payment
in 1970, by 1980 the equivalent payment would only have been $ 1008, because of the double
digit inflation during this period.
Reagan and Federal Reserve Chairman Paul Volcker took on double -
digit inflation with double -
digit interest rates,
inflation was pronounced dead, striking air controllers were simply fired
in a no - nonsense way, and the Reagan years generally got high marks.
For example, the double -
digit inflation of the 1970's was caused by banks keeping interest rates low
in an attempt to stimulate a weak economy, at a time when imported
inflation from the oil shock was high (leading to stagflation).
But that included periods of double -
digit inflation and steadily declining interest rates, two things we're not likely to see
in the decade ahead.
Double -
digit nominal interest rates on savings accounts were commonplace but so was double -
digit inflation; prices increased by 11.3 %
in 1979 and 13.5 %
in 1980.
In the late 1970s
inflation was well into double
digits at 12 % to 15 %.
The first hand history of monetary policy
in the US that economists and bankers can personally recall goes like this: 1970s saw rampant double
digit inflation, Paul Volcker saved the economy and the Fed by ending
inflation with a deep recession, setting the stage for two decades of economic growth and all was fine until home price
inflation spooked the Fed and led to the financial crisis.
The returns on PPF are always
in single
digits and most of it is taken away by
inflation, leaving a paltry sum for future.
Medical
inflation in India is
in double
digits.
In the case above with the death in the 60's, there have been times of inflation when those companies current interest rates would have been in double digit
In the case above with the death
in the 60's, there have been times of inflation when those companies current interest rates would have been in double digit
in the 60's, there have been times of
inflation when those companies current interest rates would have been
in double digit
in double
digits.
It is
in desperate need of US dollars, with
inflation running into quadruple
digits — which has made the Venezuelan bolívar worthless.
Following the double -
digit growth
in home prices last year, economists predict the gains will now fall into line with
inflation and more historical rates of growth.
In addition, rent increases were ahead of inflation, mortgage delinquency was at a historic low, and returns on retail investment had risen to double - digit levels for the first time in more than a decad
In addition, rent increases were ahead of
inflation, mortgage delinquency was at a historic low, and returns on retail investment had risen to double -
digit levels for the first time
in more than a decad
in more than a decade.
Following the double -
digit growth
in home prices last year, Clear Capital economists predict that national home prices will now fall into line with
inflation and follow more historical rates of growth.