Tag: macro economy
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The Hidden Economic Toll of Diabetes: unpaid caregiving could drain trillions by 2050
Unveiling the Hidden Cost of Diabetes When people hear about the financial burden of diabetes, the focus often lands on medical bills and pharmaceutical expenses. A groundbreaking international modelling study shifts the lens, revealing a larger, less visible driver: unpaid caregiving. The research suggests that the long-term macroeconomic impact of diabetes goes beyond healthcare expenditure…
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Philippines’ Net External Liability Narrows to $58 Billion on Higher Foreign Assets
Overview: A Narrowing Net External Liability The Philippines’ net international investment position (NIIP) improved in the third quarter, with the country recording a narrower net external liability of around $58 billion. The improvement came as external assets rose while some external liabilities moderated, helping to strengthen the country’s overall balance with the rest of the…
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Kenya debt crisis: Rising debt hits workers’ payslips
Overview: Kenya’s mounting debt and the wage burden Kenya’s public debt is escalating, with the total inching toward the Sh12 trillion mark. For many workers, the growing drag on the budget is not just a macroeconomic statistic; it is a tangible squeeze on take-home pay. The government has leaned on borrowing to plug financing gaps,…
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Treasury Defends Steady Shilling: Economic Strength Behind Stable Currency
The Treasury’s Stance on a Stable Shilling The Kenyan National Treasury has publicly defended the country’s currency, the shilling, arguing that the exchange rate remains stable and that this stability is a sign of underlying economic strength. While some observers have raised concerns following commentary from international institutions, the Treasury contends that a steady shilling…