Dimmed festive lighting at an annual market in the city of Gyor underscores the economic pain being felt across Hungary as energy costs and inflation soar.
Tag: Economic Conditions and Trends
From Zero Covid to No Plan: Behind China’s Pandemic U-Turn
After micromanaging the coronavirus strategy for nearly three years, the country’s leader, Xi Jinping, has suddenly left the populace to improvise.
From Zero Covid to No Plan: Behind China’s Pandemic U-Turn
After micromanaging the coronavirus strategy for nearly three years, the country’s leader, Xi Jinping, has suddenly left the populace to improvise.
Seeking Heat, and Companionship, in a Hard Scotland Winter
In a Glasgow neighborhood, the cost-of-living crisis is exacerbating energy problems and financial worries, and vital community hubs are struggling to stay afloat.
Russia Central Banks Keeps It’s Key Interest Rate Steady Amid Inflation
The country’s central bank said inflation, at 12 percent, risked rising because of a growing budget deficit.
How Will China Fare With Covid? ‘Meaningless’ Data Clouds the Picture.
Despite assurances that the situation is under control, information on infections has become more opaque now that Beijing has rolled back pandemic restrictions.
Cuba’s Declining Economy Prompts ‘Historic’ Migration to US
The pandemic and tougher U.S. sanctions have decimated Cuba’s economy, prompting the biggest migration since Fidel Castro rose to power.
How Will China Turn Its Economy Back On? The World Is About to Find Out.
Strict “zero Covid” curbs have been smothering growth. After easing them, Beijing faces the twin challenges of rising caseloads and wary consumers.
Skyrocketing Prices in Turkey Hurt Families and Tarnish Erdogan
Annual inflation is around its highest level in decades, devaluing salaries and devouring savings less than a year before President Recep Tayyip Erdogan runs for re-election.
Russia’s Economy Is Threatened by War and Sanctions
While Russia’s economy has not collapsed, an exodus of Western companies is eroding hard-won progress, and experts say the worst may be yet to come.