Economic experts predict that cryptocurrencies are poised to surpass the $1,000 level within the next few years.According to data from Coinmarketcap, the cryptocurrency market cap was $14.4 billion at the end of May 2017.In May, this amount was surpassed by Ethereum, a virtual currency that has more than $20 billion in market cap.However, a lot […]
The European Union has been running out of room to cut spending and inflation has been rising, the European Central Bank warned on Friday.Inflation has reached its highest level since the global financial crisis.In a new report, the ECB said its current account surplus – which includes trade – stood at a record £1.6bn in […]
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An economic disaster is a natural disaster that occurs as a result of a major weather event, or the effects of climate change.An economic catastrophe is defined as a catastrophe that damages or destroys a significant amount of value in the economy. “The key point is to think about it as a cyclical event,” said John […]