The country’s central bank said inflation, at 12 percent, risked rising because of a growing budget deficit.
Tag: Economic Conditions and Trends
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.
As Officials Ease Covid Restrictions, China Faces New Pandemic Risks
Huge swaths of the nation’s elderly remain vulnerable, scientists say, and a surge in deaths and hospitalizations may be inevitable.
As Macron Pays State Visit to US, Ukraine Tests an Old Alliance
The French president goes to Washington with differences over how to end the war in Ukraine, and how to share its burdens, at the heart of talks with President Biden.
Chinese Protests Over ‘Zero Covid’ Follow Months of Economic Pain
President Xi Jinping’s unbending approach to the pandemic has hurt businesses and strangled growth, squeezing the world’s second-largest economy.
Chinese Unrest Over Lockdown Upends Global Economic Outlook
Growing protests in the world’s biggest manufacturing nation add a new element of uncertainty atop the Ukraine war, an energy crisis and inflation.