Years of economic quagmire created an upside-down economy in Argentina. Javier Milei, a far-right populist, won the presidency this week by promising to blow it all up.
Tag: Inflation (Economics)
For Both Trudeau and Biden, Polls Suggest an Uphill Political Path
The economy, and particularly inflation, has soured voters on both leaders, polls indicate, though well in advance of upcoming votes.
Russia’s Central Bank Raises Rates to 15 Percent to Curb Inflation
The jump, from 13 percent, would bring a long period of “tight monetary conditions” in order to ease price pressures, the bank said.
How the Israel-Hamas War Imperils Action Against Global Warming
Oil prices could surge. Disagreements between nations could worsen. The conflict complicates already fragile global diplomacy ahead of crucial climate talks.
Argentina’s Currency Plummets Under Attack from Far-Right Candidate
Javier Milei has become the favorite in Argentina’s election this month by pledging to dollarize the economy. In response, the Argentine peso is crashing.
Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
Bank of England Keeps Interest Rates Steady for First Time in Nearly Two Years
After 14 consecutive interest rate increases, the central bank’s long fight against persistent inflation in Britain is entering a new phase.
Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Roaring Back From Pandemic, Japan’s Economy Grows at 6% Rate
The rapid expansion came as exports have risen and tourists have flooded the country. But a drop in domestic consumption worried economists.
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.