Wage growth has increased faster than expected, and investors are betting the Bank of England will have to keep interest rates higher for longer.
Category: Economic Conditions and Trends
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As the Fed Meets, It Shares an Inflation Problem With the World
Inflation is stubborn across a range of economies. Given its staying power, investors expect the Fed to pause rate moves only temporarily.
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Turkey’s Lira Falls to New Low as a New Economic Policy Forms
The lira plunged 7 percent against the U.S. dollar, as a newly appointed finance minister promising “rational” economic policy takes charge.
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World Bank Projects Weak Global Growth Amid Rising Interest Rates
A new report projects that economic growth will slow this year and remain weak in 2024.
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For Turkey, Erdogan Victory Brings More Risky Economic Policy
The Turkish lira has hit a new low, and analysts see few improvements ahead as re-elected President Erdogan pursues unconventional economic policies.
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Investors Sour on China’s Stocks, Renewing Fears About Economy
They initially reacted enthusiastically to China’s reversal of pandemic restrictions but have since taken a dimmer view of the country’s recovery.
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Eurozone Inflation Rate Falls to 6.1 Percent in May
The rate of price increases slowed to an annual rate of 6.1 percent in May, but food costs continued to keep inflation uncomfortably high.
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India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
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German Economy Slipped Into Recession in First Quarter
Consumer spending and exports fell in the first three months of this year, adding to a slump in late 2022 in Europe’s largest economy.
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Nanchang, Once a Symbol of China’s Growth, Signals a Housing Crisis
Nanchang’s skyscrapers represented urban transformation, but the city added apartments faster than its population grew. The result: vacant homes and offices.
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U.K. Inflation Slowed in April, but Remains Stubbornly High
Consumer prices rose 8.7% from a year earlier, the slowest pace since March 2022.