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Showing posts with the label economics

Cost of viruses to UK economy

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Is measured in billions. 1. Lost Working Days: Colds, coughs, and flu are a leading cause of sick days in the UK, accounting for a large portion of workplace absences.  A Cooperative Pharmacy study reported that influenza alone cost the UK economy £1.35 billion annually in lost working days.  Goodshape reported that in a single week, "cough, cold, and flu" caused the loss of over 1 million working days, costing employers £143 million.  2. Direct Medical Costs:  The cost of GP consultations, prescriptions, and hospitalizations related to respiratory infections, including influenza, add to the overall economic burden. One study estimated that the direct medical cost of ARI (including influenza) in the UK was around £86 million per year. 3. Indirect Costs: Reduced productivity and quality of work among individuals who are sick or recovering contribute to economic losses.  Businesses may incur costs...

Inflation takes off

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Buy tomorrow - cheaper! Germany was warned about the consequences of linking its economy the Southern Europe.  Italy and Spain had demonstrated persistently high inflation rates the northern industrialized Europe. Euro zone inflation rate 5.1% Euro area annual inflation is expected to be 5.1% in January 2022, up from 5.0% in December according to a flash estimate from Eurostat, the statistical office of the European Union.2 days ago Euro area annual inflation up to 5.1% - European Union Europe it is this is below the 7% the U.S.  Is experiencing.  Joe Biden has RE established the American inflation rates of Jimmy Carter - the last democratic president before Clinton. China is concern is inflation rate has now hit 1.9%.  But it will show a time delay, before it imports inflation from the industrialized world.  7% inflation! The UK handed its interest rates are over to the bank of England, to keep inflation below two per cent.  But now the bank years ...

Inflation is back

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  US inflation now 7% Around the world, or we have been focused on other stuff, inflation has taken off. US the inflation rate is 7% UK 5.4% Eurozone 5.1% In China inflation has sored 2023* 1.92% 2022* 1.82% 2021** 0.9% I have a lot of skepticism over A Chinese economic data.  I have heard increasing desperate messages from China, about inflation taking off. The Chinese economy is are for an economic zone on earth.  So you would expect it so have the highest inflation rate.  Higher than the U.S.'s 7%. Around the western world talk about the cost of living crisis has been building.  The key at the European central bank interest rates, Financial Times Markets signal expectations of at least two ECB rate rises in 2022 Up from 0.25% The world is addicted to cheap money.  But that eight is about to pass!  We would expect UK inflation rates to be raised 3%.  In the U.S. Biden all over C the U.S. interest rates heat 5%.  Th...