Inflation in the countries that use the euro rose to 2.9 percent in December, but the underlying rate continued a downward trend.
Tag: Economic Conditions and Trends
Jacques Delors, Passionate Architect of European Unity, Dies at 98
As the executive of the European Union for a decade, he oversaw its increasing economic integration and led the drive for a single currency, the euro.
Wolfgang Schäuble, German Politician Who Helped Forge European Unity, Dies at 81
An important figure in the reunification of East and West Germany, he played a key role in shaping German politics for decades and was once seen as a likely chancellor.
Israel’s Economy Expected to Shrink 2% as War Sidelines Workers
A large segment of the Israeli work force has been called up to fight or become jobless as a result of the conflict with Hamas.
A Thriving Border Town Undercuts South Africa’s Anti-Immigrant Mood
People by the thousands risk crocodile attacks, robbery, drowning and arrest to cross the Limpopo River from Zimbabwe to South Africa, part of a booming migrant economy.
Red Sea Shipping Halt Is Latest Risk to Global Economy
Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Javier Milei warned that things would get worse before they got better. Now Argentines are living it.
How China Is Profiting From Trade With Russia
The country’s trade with Russia this year has exceeded $200 billion, and makers of cars and trucks are the big winners.
Blocked by Polish Truckers, Ukraine Turns to the Black Sea to Boost Trade
The blockade at the border with Poland has crippled Ukraine’s land trade. But a new Black Sea route is providing an economic lifeline.
The Debt Problem Is Enormous. Experts Say the System for Fixing It Is Broken.
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.