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.
Category: Economic Conditions and Trends
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Inflation Eases Slightly in Germany and Spain
The New York Times – Business: -
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Engineers From Taiwan Bolstered China’s Chip Industry. Now They’re Leaving.
The New York Times – Business:The lure of money and new opportunities enticed talent to work in China’s semiconductor plants. The looming Cold War in tech changed the calculus.
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Inflation in Britain Reaches 11.1 Percent, Led by Energy Costs
The New York Times – Business:Prices in October rose at the fastest rate in more than 40 years, deepening the country’s cost-of-living crisis.