Several million workers who dropped out of the U.S. workforce during the Covid-19 pandemic plan to stay out indefinitely because of persistent illness fears or physical impairments, potentially exacerbating the Continue Reading
Global supply of key food and energy commodities is starting to impact the global economy. Rising core inflation and hawkish Central Bank policy could further impact economic growth. The Global Continue Reading
Moody’s said Russia may be in default because it tried to service its dollar bonds in roubles, which would be one of the starkest consequences to date of Moscow’s exclusion Continue Reading
Wood Mackenzie has produced a downside scenario for the global economy. Global economic growth could slow to 2.5 percent year on year in 2022 and 0.7 percent in 2023 due Continue Reading
Consumers are growing savvy to shrink flation, the practice of downsizing the contents of a product rather than raising prices. So companies are getting creative. WSJ’s Annie Gasparro explains how Continue Reading
US consumer price growth is expected to have surpassed 8 percent in March following a surge in energy and food prices following Russia’s war on Ukraine, bolstering expectations the Federal Continue Reading
Elvira Nabiullina spent eight years modernizing Russian monetary policy and forging bonds with global markets. In the past six weeks, she took apart much of what she created for a Continue Reading
Russia’s current account surplus, the broadest measure of trade, more than doubled in the first quarter of 2022 from the same period last year amid soaring oil and gas prices, Continue Reading
With coronavirus lockdowns, a real estate downturn, and surging oil prices stemming from Russia’s invasion of Ukraine, Chinese President Xi Jinping is turning to reliable allies to keep his ambitious Continue Reading
S&P Global Ratings cut Russia’s unsolicited foreign currency issuer credit ratings to selective default as it became the last major agency to pull sovereign ratings on the country. “The foreign Continue Reading
