The government swiftly replaced her and said the change did not reflect a policy shift for the country, where annual inflation is about 65 percent.
Tag: Inflation (Economics)
U.S. Leading Soft Landing for Global Economy
Economies all over the world are lowering inflation while avoiding serious recession — but growth in the United States stands out.
Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
Eurozone Price Pressures Edged Higher to End the Year
Inflation in the countries that use the euro rose to 2.9 percent in December, but the underlying rate continued a downward trend.
Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled
Javier Milei warned that things would get worse before they got better. Now Argentines are living it.
Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.
Argentina’s New ‘Anarcho-Capitalist’ President Starts Slashing
Javier Milei has railed against Argentina’s government for years. In his first week in charge, he’s begun cutting it down.
Europe and Asia React to U.S. Push for Tech and Clean Energy
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
At COP28, More Than 20 Nations Pledge to Triple Nuclear Capacity
The group, including Britain, France and the United States, said the agreement was critical to meeting nations’ climate commitments.
Kenya’s Leader Lifts His Global Profile. At Home, the Public Fumes.
President William Ruto has drawn attention internationally as a climate champion and peace mediator but faces domestic discontent over rising food and fuel prices, and new taxes.