Squeezed by rising costs, price controls and plunging sales, bakers warn of ruin, while their impoverished former customers line up for government-supplied loaves.
Tag: Inflation (Economics)
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.
Turkey’s President Follows His Own Advice Even as Economy Slips
President Recep Tayyip Erdogan is increasingly isolated as he clings to an economic prescription that few endorse but that he believes will bear results before elections.
Biden to Tap Into U.S. Oil Reserves to Combat Rising Gas Prices
In an attempt to reduce energy prices, the U.S. will release 50 million barrels of crude. Five other nations also will dip into stockpiles.
U.K. Inflation Hits a 10-Year High
Prices rose 4.2 percent last month from a year earlier, more than double the Bank of England’s target.
The U.K.’s Economic Recovery Slowed in the Third Quarter
The economy grew 1.3 percent in the third quarter, down from 5.5 percent growth in the previous three months.
The world’s top central bankers see supply chain problems prolonging inflation.
The heads of the Federal Reserve, European Central Bank, Bank of England and Bank of Japan spoke on a joint panel Wednesday.
‘I Can’t Imagine a Good Future’: Young Iranians Increasingly Want Out
Divorce is up, fertility rates are down and many from Iran’s younger generation are postponing weddings and searching for ways to leave the country in the face of economic and political stagnation.
Inflation’s Worldwide Surge May Be a Good Sign
Inflation has surged across advanced economies. The shared experience underlines that price gains come from temporary drivers — for now.
I.M.F. World Economic Outlook Forecasts 6 Percent Global Growth
The gap between the rich and poor countries will widen as the United States and other advanced economies expand faster than expected, according to new projections.