The unprecedented nature of the pandemic continue to shape international fiscal policy

 
As reserve banks and federal reserves continue to battle the impacts of Covid-19, inflation has become a dominate issue.

In some parts of the world, rising household costs have slowed consumer spending by more than expected.

It means the end of aggressive rate hikes could come to an end in a matter of months.

In Australia, recent data from the Australian Bureau of Statistics confirmed inflation has passed its peak and is beginning to moderate.

The numbers show annual inflation peaked in December 2022 but will still remain higher for longer than anticipated.

Matt Grudnoff is a Senior Economist at The Australia Institute, who said these are uncharted waters.

“I don’t think they should be fully blamed.

“The pandemic was an entirely different kind of recession, one that we have never seen before.

“The world went into recession because the world shut down for very good health reasons.

“But the economy rebounded extremely quickly, simply because there was no underlying problem with the economy,” he said.

Is support for the war waning after the conflict has surpassed 1-year and millions of dollars?

After a Russian air assault on Kyiv in which one civilian was killed, residential buildings in wealthy districts of Moscow were hit by multiple drone strikes injuring two people.

The Kremlin is claiming that most of the drone strikes which happened during broad daylight—were intercepted.

A Russian politician said the attack on the capital was the most dangerous since World War II.

Russia says Ukraine launched the attack and has vowed to bolster their air defenses.

Meanwhile, Ukraine is denying direct involvement, having just recently suffered three air attacks within a 24-hour time span.

Last month, leaked Department of Defense documents revealed possible weak links in Ukraine’s military campaign against Russian forces.

Russian President Vladimir Putin invaded Ukraine with tens of thousands of troops more than a year ago and there appears to be no end in sight.

Artificial Intelligence has become an increasingly powerful and pervasive force in our modern world.

 
Artificial intelligence is not a new concept. However, the growing advancements have the potential to revolutionise industries, improve efficiency, and enhance the quality of life.

Along with its promising advancements, artificial intelligence also brings certain risks and challenges that must be acknowledged and addressed.

It has become the focus of lawmakers, who are working towards greater regulation of the sector.

U.S. and European Union officials recently met in Sweden to weigh up the benefits and challenges of artificial intelligence, and other emerging technologies.

“The AI process is creeping up on us,” said Dr Keith Suter, who is a global futurist.

“You’ve got competition between companies.”

It’s almost like some of us can see this raft that’s heading towards the rapids and a disappearance towards the waterfall, and we’re giving a warning but it’s not being heeded because everybody’s in this race to get down to the river,” Dr Suter said.