A year after becoming president, Javier Milei has been praised inside and outside Argentina for reining in galloping inflation. But his economic policies have inflicted widespread hardship.
Category: Economic Conditions and Trends
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China Eases Overall Monetary Policy Stance for First Time in 14 Years
Faced with a faltering economy and falling prices, the Politburo loosened the policy approach of China’s central bank and called for “extraordinary” measures.
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Britain’s Flawed Jobs Reports Leave Economists ‘Second-Guessing’
Officials are grappling with an incomplete picture of Britain’s labor market as the national statistics agency strains to improve data quality.
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Political Turmoil Adds to the Economic Woes of South Korea
Even before a short-lived declaration of martial law thrust the country into crisis, the economy faced grim prospects.
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Collapse of France’s Government Further Burdens Its Weak Economy
Already struggling with flat growth and a large debt and deficit, the country faces a new period of instability without a functioning government or a budget.
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How Bangladesh’s Economy Was Siphoned Dry
Bangladesh’s currency was battered by what the new head of the central bank says was the looting of the banks under the deposed prime minister.
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After Trump’s Tariff Threat, Is a China Currency War Next?
While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.
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China’s Police Are Preying on Small Firms in Search of Cash
With localities facing budget holes, the police are crossing provincial borders to collect fines and draining company treasuries. Businesses call it a shakedown.