High inflation, food insecurity and a possible global recession loom large as the Group of 20 summit discussions begin.
Category: Economic Conditions and Trends
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Japan’s Economy Shrinks, Weighed Down by a Weak Yen and Rising Inflation
The New York Times – Business:The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.
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Markets Edge Higher at End of a Strong Week
The New York Times – Business:Signs of China easing its pandemic restrictions appeared to bolster stocks, adding to investors’ bullishness about cooling inflation in the United States.
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U.K. Economy Shrinks as Threat of Recession Nears
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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.