The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.
Tag: Economic Conditions and Trends
As Sunak Makes His Case to Britons, the Economy Could Undermine It
Britain’s Conservative government faces a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
The Economic Fallout From Extreme Heat Will Rise Over Time
Among the costs of very high temperatures: reduced labor productivity, damaged crops, higher mortality rates, trade disruption and dampened investment.
Biden Bets High-Level Diplomacy Can Cool Fiery Relations With China
President Biden hopes the diplomatic trips this summer by his aides lead to frank talks with Xi Jinping and other Chinese officials before the 2024 U.S. elections.
Janet Yellen’s Trip to China: No Breakthroughs But 10 Hours of Talks
Treasury Secretary Janet Yellen, after 10 hours of meetings with Chinese officials, said the two sides would pursue “more frequent communication” despite their deep differences.
German Businesses Bet Big on China, and They’re Starting to Worry
Geopolitical risks have exposed long-ignored strains on Germany’s socioeconomic model. The family businesses underpinning its economy are seeking a new path.
Janet Yellen Faces a Diplomatic Test in Her Visit to China
The Treasury secretary will need to defend export controls and tariffs while explaining that the United States does not aim to harm China’s economy.
Canada Offers Lesson in the Economic Toll of Climate Change
Wildfires are hurting many industries and could strain households across Canada, one of many countries reckoning with the impact of extreme weather.
Sierra Leone’s President Bio Wins Re-election
The main opposition candidate has rejected the results, and election observers have raised concerns over the lack of transparency during the vote count.
5 Takeaways From the Greek Election
Voters seemed to embrace Kyriakos Mitsotakis’s approach to the economy and tough stance on migration, and were less concerned about revelations of spying on the opposition.