But the bank warned that interest rates would “still have to rise significantly” to tame inflation.
Category: Economic Conditions and Trends
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How Will China Fare With Covid? ‘Meaningless’ Data Clouds the Picture.
Despite assurances that the situation is under control, information on infections has become more opaque now that Beijing has rolled back pandemic restrictions.
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U.K. Inflation Rate Slows to 10.7 Percent
Helped by an easing of price increases for fuel and other goods, the rate of inflation in November edged down from a 41-year high.
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In New Mexico, Trying to Capitalize on Natural Beauty as Climate Change Disrupts It
Climate change is reshaping the American economy. New Mexico is leaning on ecotourism and sustainable industries to see it through, but extreme weather keeps getting in the way.
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UK Approves New Coal Mine, Despite Climate Concerns
Local politicians said the facility, the country’s first new coal mine in decades, would create hundreds of jobs.
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How Will China Turn Its Economy Back On? The World Is About to Find Out.
Strict “zero Covid” curbs have been smothering growth. After easing them, Beijing faces the twin challenges of rising caseloads and wary consumers.
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Out of the Public Eye, a Debate Is Raging Over a Postwar Ukraine Economy
Beyond the enormous cost of rebuilding the country are difficult and delicate choices about how to best connect the nation to European markets and commerce.
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U.K. Braces for Strikes Across Several Industries Through Christmas
Job actions by ambulance staff, nurses, rail workers and others will hit Britain every day between now and Dec. 25.
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Russia’s Economy Is Threatened by War and Sanctions
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.
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Defaults Loom as Poor Countries Face an Economic Storm
Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.
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Inflation Eases Slightly in Germany and Spain
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.
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China Says It Will Do More to Vaccinate Older People Against Covid
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.