Prices rose at an annual rate of 6.7 percent in August. A rise in energy costs was offset by a slower increase in food prices.
Category: Economic Conditions and Trends
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Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
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What Retail Sales and Other Data Say About China’s Economy
Consumers are spending a little more, but apartment prices and the pace of construction keep falling.
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European Central Bank Raises Rates for a 10th Time
In its battle to control inflation, the bank raised its key interest rate to the highest level on record but suggested that rates have reached their peak.
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People’s Bank of China Cuts Reserve Requirement to Spur Bank Lending
The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.
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How Child Care in New York City Became Unaffordable for Nearly Everyone
Even upper-middle-class New Yorkers are struggling with the soaring costs of child care. So are the workers they pay.
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China Is Full of Risk For U.S. Companies
Doing business in China, once seen as a can’t-miss opportunity, poses a troubling dilemma: Reasons to stay can be as compelling as the reasons to retreat.
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China’s Biggest Homebuilder Fights to Survive as Economic Crisis Deepens
Once considered a survivor of China’s real estate turmoil, Country Garden is now at the center of the crisis and threatens the broader economy.
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Eurozone Inflation Holds Steady at 5.3 Percent
Prices rose at an annual rate of 5.3 percent, defying expectations of a slowdown. The news may bolster the case for another European Central Bank interest rate increase.
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Factories May Be Leaving China, but Trade Ties Are Stronger Than They Seem
The United States is trying to lessen its dependence on Chinese goods, but research is showing how tough it is to truly alter global supply chains.
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She Rose From Poverty as China Prospered. Then It Made Her Poor Again.
Sun Junli is one of many small-business owners, the backbone of China’s economy, who lost everything to a change in government policy.
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Novo Nordisk’s Ozempic and Wegovy Reshape Denmark’s Economy
Novo Nordisk, the Danish company behind two popular obesity medications, is reaping huge profits and is now responsible for most of the country’s economic growth.