The rapid expansion came as exports have risen and tourists have flooded the country. But a drop in domestic consumption worried economists.
Tag: Inflation (Economics)
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.
The ruble’s fall is raising concerns inside Russia about rising inflation.
The Russian currency has lost about a quarter of its value against the dollar this year, a reflection of the country’s roiling economy.
Global Economy Shows Signs of Resilience Despite Lingering Threats
The International Monetary Fund upgraded its global growth forecast for 2023.
Russia Raises Interest Rates, Trying to Cool Wartime Economy
With the ruble weakening and the government spending ever more money on the war in Ukraine, Moscow took unexpectedly sharp action to curb inflation.
British By-elections: What to Know
Three seats in Parliament recently occupied by Conservatives are up for grabs in an election that may show which way the political winds are blowing.
U.K. Inflation Rate Slows to 7.9 Percent
The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.
As Sunak Makes His Case to Britons, the Economy Could Undermine It
Britain’s Conservative government faces a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
Biden Pledges Long-Term Backing for Ukraine, but a U.S. Election Looms
Citing American politics, some NATO leaders expressed concern that Washington could waver in its support if there were a shift in power.
In Tuna-Obsessed Tunisia, a Favorite Food Becomes a Lot Less Affordable
Tunisians put canned tuna on pizza, pastries and pretty much everything else. Don’t even ask for a tuna-free sandwich. But inflation risks turning an everyday essential into a luxury out of reach.