Of the 42 big economies featured in the indicators page of The Economist, eight still have inflation below 4%
public uproar about the cost of living, policymakers like to point out that rising prices are a global phenomenon. “Every country in the world is getting a big bite and piece of this inflation,” said President Joe Biden on June 10th, after America reported its biggest bite since 1981 .
The other anti-inflationary disease in the region is covid-19. Many parts of Asia turned to living with the virus more slowly and reluctantly than in the West. Indonesia, for example, did not entirely abandon quarantine for international arrivals until March 22nd.
In the West, high inflation has forced many economic policymakers to turn hawkish. America’s Federal Reserve, for example, felt compelled to raise interest rates by 0.75 percentage points on June 15th, faster than planned. The Fed’s new haste to combat inflation is complicating East Asia’s fight against the same foe. Higher interest rates in America attract global capital flows, putting downward pressure on Asia’s currencies.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'5 reasons why Kardashian-approved Costa Rica is the happiest place on earth'Wonderful wildlife, rainforest trails and its national drink have earned celebrity magnet Costa Rica “happiest place in the world” status. OK!'s Charlotte Hulme went to find out why Beyonce and the Kardashians adore it...
Weiterlesen »
Prince William describes why he sold The Big Issue on London streetThe duke says a trip to a homeless shelter with his mother when he was 11 continues to influence him.
Weiterlesen »
Patrice Lumumba: Why a tooth is all that remains of the Congolese heroAll that remains of Congo's murdered leader Patrice Lumumba is being handed to his family in Brussels.
Weiterlesen »
Why the structure of the world’s supply chains is changingOne consequence of snarled supply chains? Investors are pouring millions into freight-forwarding startups. soumaya_keynes speaks to themichaelwax of fortocompany, recently valued at $2bn, on “Money Talks”
Weiterlesen »
What is an 'internal shower' and why is the internet so obsessed?Surprise surprise, there's yet another wellbeing trend doing the rounds on TikTok!
Weiterlesen »
Prince William describes why he sold The Big Issue on London streetPrince William has described how a childhood visit to a homeless shelter with his mother inspired his commitment to helping homelessness charities. 📸 PA Media 📱More here: princewilliam homeless homeslesslondon dukeofcambridge bigissue
Weiterlesen »