Category: Economic Conditions and Trends

U.K. Economy Stagnates as High Interest Rates Take Toll

The British economy flatlined in the third quarter, entering what is expected to be a protracted period of stagnation.
Las Vegas Unions and MGM Resorts Reach Tentative Labor Agreement

The deal, the second in two days with a major resort operator, was announced on the day before a strike deadline set by two major unions.
China Finance and Real Estate Sectors Threaten Economy, I.M.F. Says

The International Monetary Fund warned of risks from overstretched lenders and developers even as it raised economic growth forecasts for this year and next.
More Semiconductors, Less Housing: China’s New Economic Plan

Policymakers, wary of inciting reckless borrowing in real estate, are instead investing heavily in factories and trying to help indebted local governments.
Risk of a Wider Middle East War Threatens a ‘Fragile’ World Economy

After shocks from the pandemic and Russia’s invasion of Ukraine, there’s little cushion if the fighting between Hamas and Israel becomes a regional conflict.
Migrant Workers Propelled China’s Rise. Now Many See Few Options.

Migrant workers, who moved from China’s villages to its big cities, were a secret weapon building the economy. Now many see few options.
Eurozone Economy Shrinks, While Price Pressures Ease

Economic growth contracted 0.1 percent last quarter, and inflation in October fell to a two-year low, a sign that high interest rates were taking a toll.
Japan Takes Another Step Away From Easy Money

The Bank of Japan said it would be more flexible in how it manages government bond yields, citing rising inflation.
In Global Race to Offer Green Subsidies, U.K. Prefers Slow and Steady

Competing against sizable U.S. incentives, Britain is choosing a less expensive route, winning some fans while exasperating others.
In Global Race to Offer Green Subsidies, U.K. Prefers Slow and Steady

Competing against sizable U.S. incentives, Britain is choosing a less expensive route, winning some fans while exasperating others.
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 China Mourned Li Keqiang Online, Until the Censors Stepped In

An outpouring on social media for Li Keqiang, the former premier who died Friday, reflected public grief for an era of greater growth and possibility.