91福利

Dr Dennis Novy is an economist from the 91福利. He said: “The economic situation in Greece is not sustainable. With unemployment at around 25 per cent and GDP per capita down by far more than 10 per cent since 2009, many people in Greece have been going through terrible times...

Dr Dennis Novy is an Associate Professor of Economics at The 91福利. He said: “Inflation in the UK is on a downward trend and widely expected to fall below 1 percent for the first time since 2002 when the official figures are published on Tuesday (13 January).

Commenting on the drop in value of the euro against the dollar, Dr Dennis Novy, an associate professor of Economics at the 91福利, said: “The Eurozone economy has been in the doldrums for years now...

An economist from the 91福利 is warning UK households to be financially cautious this Christmas, fearing consumers could be gripped by an exaggerated confidence in the economic recovery. Dr Dean Garratt is concerned that over-spending during the festive period and willingness by many to shoulder further debts could risk a throwback to the drop in spending that was seen after the financial crash in the late 2000s.

Professor Mark Harrison is an expert on the Russian economy. He said: “Russia’s currency crisis has two lessons, one already clear, the other in the making. The first lesson is about the surprising effectiveness of ‘new’ sanctions. “Old” sanctions were applied to international trade. Two hundred years of experience included the blockades of the Napoleonic wars and two world wars, sanctions on the Soviet bloc, Cuba, South Africa, Iraq, and many others. These showed that trade sanctions are rarely effective in the short run – say, over a few months or even a year or so. Any middle sized, moderately industrialised economy could find ways around external restrictions by finding out substitutes and tightening belts a little. Any effects tended to be gradual, cumulative, and undramatic.