While Russia’s economy has not collapsed, an exodus of Western companies is eroding hard-won progress, and experts say the worst may be yet to come.
Category: Economic Conditions and Trends
-
Russia’s Economy Is Threatened by War and Sanctions
The New York Times – Business: -
Defaults Loom as Poor Countries Face an Economic Storm
The New York Times – Business:Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.
-
Inflation Eases Slightly in Germany and Spain
The New York Times – Business:The pace of consumer price gains in the two countries eased in November, the latest in a series of indications that their economies might suffer less in the coming months than predicted.
-
China Says It Will Do More to Vaccinate Older People Against Covid
The New York Times – Business:Only 40 percent of those age 80 or older have had booster shots. Officials said they will go door-to-door and bring vaccines to nursing homes to lift that number.
-
China Protests Over ‘Zero Covid’ Follow Months of Economic Pain
The New York Times – Business:President Xi Jinping’s unbending approach to the pandemic has hurt businesses and strangled growth, squeezing the world’s second-largest economy.
-
Chinese Unrest Over Lockdowns Upends Global Economic Outlook
The New York Times – Business:Growing protests in the world’s biggest manufacturing nation add a new element of uncertainty atop the Ukraine war, an energy crisis and inflation.
-
Stocks Drop as Economic Worries Weigh on Sentiment
The New York Times – Business:After turmoil in China set a negative tone, a Fed governor suggested the market was underestimating the chance that the central bank would have to keep raising rates.
-
Ukraine War Continues to Slow Global Growth, New Report Says
The New York Times – Business:“Risks remain tilted to the downside,” the Organization for Economic Cooperation and Development said, predicting economies will grow only 2.2 percent next year.
-
Outbreaks Test China’s Efforts to Limit the Cost of ‘Zero Covid’
The New York Times – Business:China wants to fine-tune its stringent pandemic restrictions to reduce the disruption to daily life caused by lockdowns. But officials are still taking few chances.
-
Many States Are Sending Checks to Help Residents With Inflation
The New York Times – Business:Up to 20 are using some of their budget surpluses to help taxpayers deal with high inflation. But some economists worry that the payments could fuel inflation.
-
A New Source of Economic Anxiety in Britain: Soaring Mortgage Rates
The New York Times – Business:After more than a decade of ultralow interest rates, millions of British households suddenly face large jumps in their monthly payments, rocking the nation’s already weak economy.