Economic output climbed 4 percent in the last quarter of 2021, slowing from the previous quarter. Growth has faltered as home buyers and consumers become cautious.
Tag: Economic Conditions and Trends
Leftists Are Ascendant in Latin America as Key Elections Loom
Growing inequality and sputtering economies have helped fuel a wave of leftist victories that may soon extend to Brazil and Colombia.
Pressure Mounts on Tunisia’s President to Salvage the Economy
When President Kais Saied seized power in July, he vowed to rescue the failing economy. Tunisians are still waiting for him to fulfill that pledge.
As Other Arab States Falter, Saudi Arabia Seeks to Become a Cultural Hub
While conflicts and crises have battered Arab cultural capitals, Saudi Arabia is hosting film festivals and bankrolling new movies.
As Humanitarian Disaster Looms, U.S. Opens Door for More Afghanistan Aid
The Treasury Department and the United Nations offered new protection for aid from sanctions meant to pressure the Taliban.
Cashing In Grandma’s Gold Coins, a Turkish Family Struggles to Get By
As inflation soars and the value of Turkey’s currency plummets, one couple described how working families can’t make ends meet and have had to cut back on basic necessities as well as life’s smaller pleasures.
Turkish Currency Hits a New Low, Again
The Central Bank has cut interest rates, even as inflation continues to soar, deepening President Erdogan’s disputed economic plan and setting off a new plunge in the lira.
Many Turks Can’t Afford Bread, and Bakers Can’t Afford to Make It
Squeezed by rising costs, price controls and plunging sales, bakers warn of ruin, while their impoverished former customers line up for government-supplied loaves.
Putin and Xi Hold Video Summit
President Vladimir V. Putin of Russia and President Xi Jinping of China, meeting in a video summit, sought mutual support in their conflicts with the West but have not yet declared a formal alliance.
How Inflation Affects Turkey’s Struggling Economy
Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.