A supply shock is not a problem our usual economic tools are particularly good at solving. But it’s the one we face.
Tag: Economic Conditions and Trends
Coronavirus Fears Reverberate Across Global Economy
The stock market had its worst week since 2008, signaling that one of the longest expansions in history could be ending. Policymakers said they were ready to act.
Virus Disrupts China’s Shipping, and World Ports Feel the Impact
Even where factories are back in operation, getting freight to docks has been impeded by roadblocks and quarantines.
South Korean Leader Said Coronavirus Would ‘Disappear.’ It Was a Costly Error.
Opposition politicians are vowing to make what they call Moon Jae-in’s incompetence the top election issue for April 15 parliamentary polls.
As Coronavirus Slams Small Business, a Noodle Shop Fights for Life
China’s entrepreneurs, essential to the economy, have seen their fortunes plummet. Many millions of jobs are at stake.
Coronavirus Stalls Milan, Italy’s Economic Engine
Milan is not a closed city, but it is a drastically slowed one, after a spike of cases in the region, raising anxiety about a broader slowdown.
As Fears of a Pandemic Mount, W.H.O. Says World Is Not Ready
The announcement comes as infections surge in Iran, Italy and South Korea. But the number of cases in China has begun to decline — for now.
Businesses ‘Getting Killed’ on Russian Border as Coronavirus Fears Rise
No one in a Russian city 600 yards from China has been infected as yet, but businesses are shriveling and China’s image as a benign force is being eclipsed by a more anxious vision.
Finance Ministers Grapple Over Economic Threat of Climate Change
The United States, under pressure from Europe, agreed to include a climate reference in an official G20 statement.
Venezuela’s Socialists Embrace Business, Making Partner of a ‘Parasite’
Decades of socialist-style control devastated the economy. Now, capitalism is back, helping keep the country afloat — and Nicolás Maduro in power. One deal was the cornerstone of that transformation.