UK household debt reaches peak

www.bbc.co.uk/news/business-46780279

Article of the week – Harjot M.

High levels of household debt pose a risk to the economy because any increase in interest rates could lead to a sudden collapse in consumption. Higher borrowing costs mean households have less discretionary income resulting in a fall in consumer spending. Aware of this risk, firms may consider cutting investment in the expectation of a fall in future demand. Consequently, aggregate demand decreases causing a fall in inflationary pressures, a decrease in economic growth and, potentially, an increase in demand-deficient unemployment.

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Nigeria: Why Nigeria Must Invest Heavily in the Forest Sector – Stakeholders – allAfrica.com

Stakeholders in the forest sector, have urged governments at all levels to invest heavily in the sector because of its huge potential in addressing the nation’s emerging environmental, social and economic challenges.

Source: Nigeria: Why Nigeria Must Invest Heavily in the Forest Sector – Stakeholders – allAfrica.com

Deforestation, climate change, and soil erosion reducing the productive capacity and potential output of Nigeria.

Thanks to Harry M.