world economy – DIGIT INFO

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

DIGIT — Mon, 10 Apr 2023 05:30:35 +0000

Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and […]

Go to Source

IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China

DIGIT — Mon, 02 Jan 2023 04:00:55 +0000

The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not in recession, it would feel like […]

Go to Source

Why the Birth of Bitcoin Can Be Traced Back to 1971

DIGIT — Sun, 01 Sep 2019 08:30:23 +0000

The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite its obvious successes in […]

The post Why the Birth of Bitcoin Can Be Traced Back to 1971 appeared first on Bitcoin News.

Go to Source