Tag: economy

"Rays of sunshine in the global economy we saw earlier in the year have been fading, and gray days likely lie ahead", says Ayhan Kose, deputy chief economist at the World Bank Group, summing up predictions for the global economy after several overlapping crises ended a nearly three-decade period of economic growth.

We live in a world increasingly dominated by mergers and corporate consolidation.

We live in an economic system whose main fuel is loans. For this reason, the phrase “a world without credit” sounds far-fetched, to say the least.

Not only are they all brands of the same Spanish manufacturer, Inditex, but they are all part of the same trend that has revolutionised the fashion industry: fast fashion. The rise of this trend is based on two principles that have proven to be magnetic for consumers, especially young ones: clothes tailored to the latest trends (today on the catwalk, tomorrow in the stores), sold at much lower prices than designer clothes.

In a dilapidated shack in Nairobi, a young woman makes her confession to the BBC reporter eager to hear her story: “I don’t know why God allows some people to be poor while others are rich.”