IBGR.NEWS - ECONOMIC NEWS YOU CAN USE FOR 15FEB22

Namibia: Small Businesses Can Be the Foundation of the Economy... As Trade Ministry Launches Know2grow Initiative
allAfrica, Staff, 14FEB22

• Trade minister Lucia Iipumbu said micro, small and medium enterprises (MSMEs) are the roots of many economies around the globe and would play the same role in Namibia if supported and developed
• "A well skilled and equipped MSME can contribute significantly to the economy in terms of skills development, innovation, job creation, local value addition and economic growth of a country," said Iipumbu.

Inflation eroded pay by 1.7% over the past year
CNBC, Greg Icacuri, 14FEB22​

• “Real” hourly earnings (wage growth minus inflation) fell by 1.7% from January 2021 to January 2022, the U.S. Department of Labor said Thursday.
• Employers have raised pay to attract workers in a competitive job market. But consumer prices rose at their fastest annual rate in 40 years.
• There are indicators workers may start reclaiming some of their purchasing power. Some industry pay has even outpaced inflation over the past year.

Nigeria: 'Nigeria's Huge Debt Profile Unsustainable for Economic Growth'
allAfrica, Hammed Shittu, 14FEB22

•  A former Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Adebayo Ibrahim has expressed deep concern over the incessant loans requests by the executive and passed into laws by the National Assembly.
• Senator Ibrahim however said that, "Such development has increased debt level profile of Nigeria from 2015 till date and this is unsustainable for overall economic stability of the country."
• Nigeria's present debt profile according to the Debt Management Office (DMO) now stands at over N38 trillion as at September 2021 representing a N5 trillion increase from the previous N33 trillion as of December 2020.

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CNBC, CNN sound alarm on inflation: 'You have to go to 1982 to find a higher number'
FOXBusiness, Hanna Panreck, 10FEB22

• "You have to go to 1982 to find a higher number," Santelli said. The CNBC host was referring to CPI increase in January, which rose 0.6%, which brings the annual inflation up to 7.6%. This is the largest increase since February 1982, when inflation on the year hit 7.6%.
• The CNBC host went on to say that one-third of the CPI was housing and rent, noting that it was "very unlikely these rents, which have been surging, are going to be going down anytime soon."
• He said labor costs weren't going to be going down soon, either. "Even though they're far from – at least at this point – competing with the actual rate of inflation, it's lagging. So even though wages are up, close to 5%, they're not keeping up with inflation, but they're also most likely not going to go down," Santelli said.