Central banks in the U.S., Europe, Canada and parts of Asia are lifting interest rates rapidly as they try to wrestle breakneck inflation under control.
Tag: Economic Conditions and Trends
Mexico’s Leader Says Poverty Is His Priority. But His Policies Hurt the Poor.
Halfway into the president’s term, the plight of Mexico’s lower classes has only worsened. Economists say it is the result of government mismanagement of welfare programs and the economy.
Biden Concedes Defeat on Climate Bill as Manchin and Inflation Upend Agenda
Rising prices, party infighting and the aftershocks from Russia’s invasion of Ukraine have undercut the president’s plans to speed an energy transition.
China’s Economy Hits a Slump as Covid Policy Takes a Toll
High unemployment, a housing market in crisis and sluggish consumer spending during lockdowns are putting pressure on Beijing in a year when officials are focused on projecting stability.
Gaps in Arms Supplies to Ukraine Point to Countries’ Divergent Strategies
Beyond logistical issues, the uneven flow of arms to Ukraine hints at differences among allies about whether Russia should be punished or eventually accommodated.
I.M.F. and Pakistan Reach Deal on Loan Program
The long-awaited agreement could pave the way for the release of $1.17 billion to Pakistan as the country grapples with high inflation and political instability.
In Divide Over Ukraine, China Stakes a Position Further From U.S.
Recent statements have underscored the deep chasms in a relationship that is getting worse, as the Biden administration tries to come up with a cohesive China policy.
Putin’s Oil War With the West Comes at His Allies’ Expense
Russia’s use of energy as a weapon in its standoff with the West is redrawing the geopolitical map, but it could strain ties with allies like Iran and Venezuela.
Your Wednesday Briefing: Extreme Heat Grips China
Plus the conviction of an ailing Hong Kong activist and President Vladimir Putin’s upcoming trip to Iran.
Is the World Really Falling Apart, or Does It Just Feel That Way?
By most measures — with one glaring exception — people around the world are better off than ever. So why doesn’t it feel that way, especially to Americans?