Putting a stop to Iranian shipping will further add to Iran’s economic pain, analysts said, but it might not be enough to force concessions or lessen the global energy crunch.
Category: Economic Conditions and Trends
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China’s G.D.P. Stronger Than Expected, Led by Infrastructure Spending
A steep slide in housing prices has left consumers less prosperous and less willing to spend, but the government is pouring money into new rail lines and other projects.
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Middle East War Will Slow Global Economic Growth, I.M.F. Warns
The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
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Fallout of War Piles Economic Pain Onto Europe’s Political Stress
Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.
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Europe Braces for a Spike in Inflation
Investors are betting that the European Central Bank and the Bank of England will raise interest rates this year.
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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New Owner of Shopping Plaza in Kansas City Pitches a $1.5 Billion Rescue Plan
The Country Club Plaza’s sale and turnaround plans come at a consequential economic time for Kansas City, Mo., which will soon lose the Chiefs football team.
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Can This Russian Bakery Survive a 3,500% Tax Increase?
The challenges faced by a small-business owner near Moscow highlight how Russia’s war-drained economy is on the doorstep of a major crisis.
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War in Iran Will Push U.S. Inflation Above 4 Percent, O.E.C.D. Forecast Says
Higher energy prices and uncertainty over the war in the Middle East will boost inflation and weigh on economic growth, a new forecast says.
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Asia Is Getting Crushed Between Oil Prices and the Dollar
From India to Southeast Asia to South Korea, currencies are crumbling as governments race to secure fuel that is priced in American money.
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As Gas Prices Spike, California Is Hit Hardest
A gallon has climbed to nearly $6 in the state, about $2 above the national average.