You're staring down the barrel of double -
digit inflation rates, and unemployment statistics are showing numbers that have never been higher.
Prices are inching up from recent years, although, nothing like the double
digit inflation rates of the 1980's.
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.
Anybody who lives in China knows that the real
rate of
inflation for food, housing, and income is well into the double
digits.
The first was from 1980 to» 82, when Federal Reserve chairman Paul Volcker raised interest
rates to crush double -
digit inflation and the U.S. economy experienced two closely spaced recessions.
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.
This year, Mr Mahama said, «we are going to bring it down to 5.3 %, then it means that
inflation will gradually come down; we are looking to bring
inflation back down to a single
digit, then once
inflation is coming down, then interest
rates will gradually follow, and, so, the prospects look very good and I am very bullish about the Ghanaian economy.»
With low net international reserves, a double
digit fiscal deficit, double
digit current account deficit, and double
digit inflation, Ghana may have to pay a very high interest
rate, possibly, a double
digit interest
rate, for any sovereign bond issued this year.
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;
healthcare and pension increases are double -
digit... certainly not subject to a cap at the
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.
Inflation rate reduced to single
digit.
This drove interest
rates to double -
digit levels, reduced
inflation and sent the economy into a recession.
That century included global war, double -
digit inflation, deflation, booming prosperity, recession and depression, currency devaluation, sovereign defaults, high interest
rates, low interest
rates, asset bubbles, terrorist attacks and disco.
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 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
digits.
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.
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.