The outlook for the world’s second largest economy is brighter as consumer spending picked up after “zero Covid” was lifted. But scars remain from the harsh pandemic restrictions.
Tag: Economic Conditions and Trends
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Bank of England Is Expected to Raise Rates Again
A half-point rate increase, to 4 percent, the highest since 2008, is widely expected as the central bank continues its campaign to control inflation.
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Brexit Turns 3. Why Is No One Wearing a Party Hat?
The divorce between Britain and the European Union has become the dark thread that, to many, explains why Britain is suffering more than its neighbors.
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Europe’s Economy Edges Higher, Heading Off Forecasts of Recession
The eurozone economy grew 0.1 percent late last year, a reflection of modestly rising optimism as energy prices have eased, but risks remain.
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Russia Sidesteps Western Punishments, With Help From Friends
A surge in trade by Russia’s neighbors and allies hints at one reason its economy remains so resilient after sweeping sanctions.