The rapid expansion came as exports have risen and tourists have flooded the country. But a drop in domestic consumption worried economists.
Tag: Economic Conditions and Trends
Biden Describes China as a Time Bomb Over Economic Problems
The sharply worded comments are the latest example of the president’s willingness to criticize China even as he tries to ease tensions.
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.
The ruble’s fall is raising concerns inside Russia about rising inflation.
The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
In Egypt, Public Classrooms Are Empty as Private Tutors Get Rich
In a country hobbled by economic crisis, families often turn to private education centers instead of schools to seek better futures for their children, sometimes even sacrificing food to pay for lessons.
Iranians Blame Power Grid and Gas Shortage for Shutdown Amid Heat
The government in Tehran cited “unprecedented” heat when it ordered a two-day shutdown to protect health and conserve energy, but many residents were not buying it.
Iranians Blame Power Grid and Gas Shortage for Shutdown Amid Heat
The government in Tehran cited “unprecedented” heat when it ordered a two-day shutdown to protect health and conserve energy, but many residents were not buying it.
Russia’s Wartime Spending Raises Fears of an Economic Bubble
The economic strength has helped to maintain popular support for Vladimir Putin’s war, but some have warned the state-led spending is threatening the country’s financial stability.
Wildfires in Greece Raise Fears of Tourism Collapse
The fiercest wildfires have hit only parts of a few islands. But the effects of climate change pose a far wider threat to Greece’s tourism industry.
Global Economy Shows Signs of Resilience Despite Lingering Threats
The International Monetary Fund upgraded its global growth forecast for 2023.