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Devaluing the Nigerian Naira
The Impact of Devaluing the Nigerian Naira

The currency devaluation is already pushing prices amid a significantly higher foreign exchange rate, cites Africanews. This change will cause considerable short-term pain but will correct the economy, say economic analysts. Nevertheless, Nigeria continues to face rising inflation and increased poverty rates, pressuring the government to address concerns.

Crisis in Syria
A Closer Look at the Economic Crisis in Syria

Without a political solution to the conflict, the economic crisis in Syria is expected to continue, and analysts expect hyperinflation to begin this 2023. The situation is still bleak as the country goes deeper into the crisis.

Egypt's Inflation
Egypt’s Surging Inflation: What is Happening and How Employers Can Prepare

Egypt’s inflation rose to 26.5% in January 2023, up from 21.9% in the previous month and 8% in January 2022. Employers in Egypt should keep a close eye on the local situation, as rapid economic events can drastically impact business continuity.

Turkiye's Hyperinflation
Turkey’s Hyperinflation and How Employers Are Weathering the Crisis

Workers are negotiating higher salaries, and employers are taking proactive steps. Here are a few examples of what employers in Turkey are doing in response to mounting inflation.

Sri Lanka Economic Crisis: What You Must Know About the Current State of Affairs

The past few months have not been easy for Sri Lanka, and the condition has only worsened. The country has been facing economic, political, and social crises due to the impact of the COVID-19 pandemic, rising foreign debt, and a depreciating rupee.

Conflict in Sudan
Understanding the Armed Conflict in Sudan

Sudan’s deepening humanitarian crisis is set against multiple challenges, including economic struggles, natural disasters, and protracted refugee situations. Before the armed conflict began, 65% of the population lived below the poverty line. Decades of war, sanctions, and political instability have also added to the troubled nation’s economic hardships.

Turkiye's Hyperinflation
Iran’s Countrywide Protests and What They Mean for Employers

Iran’s countrywide protests have swelled in response to the Islamic republic’s economic stagnation. They are facing a record inflation of 42.9%

Strategy in Sub-Saharan Africa
Vital Partners, Shared Priorities: The US Strategy Towards Sub-Saharan Africa

With the intent of the United States to reestablish ties and reinvest in Sub-Saharan Africa, employers in the region can anticipate a shift in the labor market. Monitoring the labor market early is critical for your organization to seize economic opportunities and remain competitive.

Zambia’s Debt Crisis: What You Should Know

In November 2020, Zambia became the first African nation to default on its Eurobonds during the COVID-19 pandemic, bringing the country’s debt distress into headlines around the world. But recent events show the country’s economic outlook has markedly improved, given renewed optimism and increased investor confidence post-elections.

Ghana’s Cost of Living Crisis: What You Need to Know

One of West Africa’s more prosperous countries has been rocked by a cost-of-living crisis. Inflation in Ghana reached 29.8% in June 2022, the highest level in two decades.

Rebuilding Türkiye-Syria
Rebuilding After the Türkiye-Syria Earthquake

While the international community mobilizes to help Türkiye with its disaster needs, the ability to do so for Syria is much more complex. Demolished roads and tensions between rebel-held and government-controlled parts of the country slowed aid relief for Syria.

Dollarization in Lebanon
Businesses Live with Dollarization in Lebanon

Lebanon is experiencing a financial and economic collapse that the World Bank ranks among the world’s worst since the 1850s. It’s not wrong to dollarize, but denominating salaries in US dollars requires careful thought. Remember that returning to the local currency is difficult once you’ve dollarized. Carefully consider how this process will affect your pay practices and staff.

The Zimbabwe Labor Market: A Fragile Economy

Zimbabwean authorities are struggling to pull the Southeast African nation from the grip of a severe economic crisis characterized by a rapidly devaluing local currency. Trust in the Zimbabwean dollar (Zimdollar) has been low after people saw their savings depleted by hyperinflation in 2008.

Ukraine Crisis
International NGOs Respond to the Ukraine Crisis

The global humanitarian response to the crisis has been swift and dynamic. The UN Office for the Coordination of Humanitarian Affairs said at least 250 local and international NGOs were helping in the aid response—a number that has more than doubled from before the war.