World Bank chief David Malpass said that the world economy was in danger. The multilateral institution’s boss made his sentiments known in the foreword of this year’s edition of the Global Economic Prospects report. The document published annually by the World Bank takes stock of the developments in the global economy and uses them to...Read More

Dan Cox, the Republican gubernatorial nominee in Maryland, says he is not getting bogged down in the news media’s obsession with abortion politics and is instead “focused like a laser” on quality of life issues that are top of mind to most voters. Billed as a major underdog in his race against Democrat Wes Moore,...Read More

Illustration: Chen Xia/Global Times As the US Federal Reserve’s monetary tightening policy is set to wreak havoc and cause shocks across the global economy, there is increasing urgency for China, Russia, and other economies to step up cooperation to break the US dollar’s dominance in the energy market. The dollar has been strengthening against the...Read More

The US has set up a fund in Switzerland to disburse $3.5bn of Afghan central bank reserves it froze after the US military withdrawal and Taliban takeover, amid growing fears about economic conditions in the country. The Treasury announced the creation of the “Afghan fund” on Wednesday, saying it would have an account at the...Read More

Going down. Photo-Illustration: Intelligencer What is it about this economy that resists the normal ways we understand the world around us? In July, inflation froze after nearly a year and a half of relentless increases, with a sharp decrease in oil and gas prices cooling the economy. In the days following that report, the Dow...Read More

[This piece has been published in Restoring America to highlight how U.S. economic policymaking affects the rest of the world.] In late 2008, at the start of the Great Economic Recession, Queen Elizabeth famously berated the economics profession for not having warned her of a major world economic and financial market crisis. Next year, should...Read More

Rupee rises 28 paise to 79.25 against US dollar in early trade   The rupee appreciated 28 paise to 79.25 against the US dollar in opening trade on Tuesday, tracking the dollar’s decline versus its major peers and foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 79.30 against the dollar,...Read More

US consumers’ economic outlook eased further in August, as inflation and home price growth expectations declined, an improvement that is still unlikely to lead the US central bank to loosen monetary policy at its next meeting. Consumers’ inflation expectations over the next 12 months fell to 5.7 per cent in August from 6.2 per cent...Read More

There are more than 70 cities in China that are under partial or full lockdown as China continues implementing its zero-COVID policy. Because of this, China’s residents continue to run short on food and have limited or no access to medical care. “Marketplace” host Amy Scott spoke with Jennifer Pak, Marketplace’s China correspondent, about what...Read More

Dollar dominance means the Fed has an outsized impact on the global economy, Paul Krugman warned. Global trade and debt is still largely denominated in dollars, giving the Fed a far-reaching influence.  But that likely won’t stop the Fed from hiking rates to control inflation, which could spell trouble for the global economy. Loading Something...Read More