The economy contracted 1.2 percent as consumers and businesses were hit with rising import prices.
Category: International Trade and World Market
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Markets Edge Higher at End of a Strong Week
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.S. Seeks Closer Ties with India as Tension with China and Russia Builds
Treasury Secretary Yellen wants India to be part of the Biden administration’s “friend-shoring” agenda but trade tensions linger.
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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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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.
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US Economy Grew at 2.6% Annual Rate in Q3, GDP Report Shows
Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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As Britain’s Economy Stumbles, One Sector Is Booming: Whisky
Scotch whisky exports have soared this year. The weak British pound could spur even more demand for single malt scotch.