Europe’s Upcoming Energy Affordability Crisis – September 2022

Electricity prices are set to soar in Europe over the upcoming months. It is expected to hit lower-income families hardest with utility bills going up steeply. Europe uses the merit order principle, a mechanism designed to determine the price of electricity. The price is linked with demand, starting with low cost power sources such asContinue reading “Europe’s Upcoming Energy Affordability Crisis – September 2022”

Specific and General Droughts Worldwide – August 2022

Droughts are the latest piece of news that will affect growth prospects and inflation. According a to Global Drought Observatory report, Europe is having its worst drought in 500 years. According to BBC: ‚ÄúCompared with the average of the previous five years, EU forecasts for harvest are down 16% for grain maize, 15% for soybeansContinue reading “Specific and General Droughts Worldwide – August 2022”