Signs of China easing its pandemic restrictions appeared to bolster stocks, adding to investors’ bullishness about cooling inflation in the United States.
Category: Economic Conditions and Trends
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U.K. Economy Shrinks as Threat of Recession Nears
Britain’s economic output fell in the third quarter and European Union officials forecast weakening growth for countries across the continent.
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U.K. Economy Shrinks as Threat of Recession Nears
Economic output fell 0.2 percent in the third quarter as the services and production industries slowed.
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An Inflation-Driven Midterm Will Not Change Biden’s Economic Focus
The president said he would not change his economic approach, adding that his policies were working.
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China’s Great ‘Zero-Covid’ Guessing Game
Companies, investors and global policymakers are trying to divine when the Chinese government will drop its strict restrictions. It comes down to one man: the country’s top leader, Xi Jinping.
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Herman Daly, 84, Who Challenged the Economic Gospel of Growth, Dies
Perhaps the best-known ecological economist, he faulted his mainstream peers for failing to account for the environmental harm growth can bring.
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China’s Business Elite Sees the Country That Let Them Thrive Slipping Away
The business class, which shunned politics, is now questioning if there is still a place for them in a system dominated by one ruler, Xi Jinping.
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Germany’s Leader Seeks Accord With China on Covid Vaccines
Chancellor Olaf Scholz said during a visit to Beijing that China and the European Union were working toward approval of each other’s pandemic vaccines.
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Bank of England Is Set to Raise Rates After U.K. Political Turmoil
An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as prime minister.
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Eurozone Inflation Reaches 10.7 Percent as Economies Slow Down
The rise in consumer prices hit another record in October, with more than half of the countries that use the euro registering double-digit increases.
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Inflation, GDP and the Economy: What We Learned This Week
Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.