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.
Tag: Economic Conditions and Trends
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.
The Covid Protests in China, Explained
After a weekend of confrontations between officials and demonstrators, video from two sites in Shanghai and Beijing showed a heavy security presence. Here’s the latest on the situation.
As Venezuelan Antagonists Talk, the U.S. Softens Its Stance
Negotiations between the Venezuelan government and opposition could lead to an easing of the country’s protracted crisis.
UK Starts to Look at Brexit With ‘Bregret’
Stung by inflation and bracing for tax increases, the country is in the midst of its gravest slump in a generation, leading many to wonder how much the split with the European Union is to blame.
Outbreaks Test China’s Efforts to Limit the Cost of ‘Zero Covid’
China wants to fine-tune its stringent pandemic restrictions to reduce the disruption to daily life caused by lockdowns. But officials are still taking few chances.