More countries are embracing measures meant to encourage their own security and independence, a trend that some say could slow global growth.
Category: International Monetary Fund
War Has Already Hurt the Economies of Israel’s Nearest Neighbors
The impact on global growth of the Middle East violence has so far been contained. That’s not the case for Egypt, Lebanon and Jordan, which were already struggling.
The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
Mortgage rates inch back up after Powell warns Fed could hike again
Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and “we are not confident that we have achieved such a stance.”
Fed Chair Recalls Inflation ‘Head Fakes’ and Pledges to Do More if Needed
Jerome H. Powell, the Federal Reserve chair, said officials would proceed carefully. But if more policy action is needed, he pledged to take it.
Yellen May Face Questions in Morocco Over U.S. Dysfunction
Treasury Secretary Janet Yellen calls on Congress to authorize more economic support for Ukraine.
How West Africa Can Reap More Profit From the Global Chocolate Market
Resource-rich countries like Ghana are often cut out of lucrative parts of the business like manufacturing. The “fairchain movement” wants to change that.
Can Ghana’s Debt Trap of Crisis and Bailouts Be Stopped?
The government of Ghana is essentially bankrupt, and has turned to the International Monetary Fund for its 17th financial rescue since 1957.
The U.S.-China Rivalry Is Complicating the World’s Debt Crisis
Suriname, a tiny nation ravaged by recession, inflation and impossible debts, saw its relief held up by superpower politics. It won’t be the only country.