The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation.
Tag: International Monetary Fund
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Andrew Bailey Battles Inflation Amid Britain’s Financial Storm
Andrew Bailey, the Bank of England chief, is trying to calm markets, wrestle inflation and maintain the bank’s credibility amid Britain’s financial storm.
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I.M.F. Warns ‘Stormy Waters’ Ahead for World Economy
The I.M.F. lowered its growth outlook for 2023 and suggested interest rate hikes could spur a harsh global recession.
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Egypt’s New Administrative Capital Rises, but at What Price?
It is the grandest in a slew of megaprojects spearheaded by the president. But as the country limps through a dire economic crisis, there are doubts about whether it can afford his grandiose dreams.
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Global Fallout From Rate Moves Won’t Stop the Fed
The Federal Reserve, like many central banks, sets policy with an eye on the domestic economy. Its battle to control prices is causing pain abroad.