Annual inflation is around its highest level in decades, devaluing salaries and devouring savings less than a year before President Recep Tayyip Erdogan runs for re-election.
Tag: Economic Conditions and Trends
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Russia’s Economy Is Threatened by War and Sanctions
While Russia’s economy has not collapsed, an exodus of Western companies is eroding hard-won progress, and experts say the worst may be yet to come.
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Defaults Loom as Poor Countries Face an Economic Storm
Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.
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As Officials Ease Restrictions, China Faces New Pandemic Risks
Huge swaths of the nation’s elderly remain vulnerable, scientists say, and a surge in deaths and hospitalizations may be inevitable.
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China Protests Over ‘Zero Covid’ Follow Months of Economic Pain
President Xi Jinping’s unbending approach to the pandemic has hurt businesses and strangled growth, squeezing the world’s second-largest economy.