China’s cabinet said it will promote consumption recovery, boost imports to drive economy
A statement from China’s State Council over the weekend reported via state broadcaster CCTV. In brief: Statement came after a meeting chaired by Premier Li Keqiang said it would promote a consumption recovery as the major driver of the economy would boost imports to quicken the rollout of foreign investment projects to maintain a stable […]
WSJ reports ”Fed debates whether wages or low unemployment will drive inflation”
The Wall Street Journal has written in the weekend press that ”stubbornly high inflation is finally easing as supply chain disruptions fade and interest rates at 15-year highs put the brakes on demand. Now, Federal Reserve officials have voiced unease that prices could reaccelerate because labour markets are so tight.” ”At issue is what’s the […]
Egypt’s soaring prices drive home economic pain By Reuters
5/5 © Reuters. FILE PHOTO: An Egyptian seller waits for customers to buy consumer goods, rice and oil at a popular market in Cairo, Egypt, January 18, 2023. REUTERS/Hadeer Mahmoud 2/5 By Mariam Rizk CAIRO (Reuters) – In better times, Om Mohamed’s family used to take holidays at resorts on Egypt’s Red Sea coast. Now […]