"Jayati Ghosh & Kanchana N. Ruwanpura think the government’s attempt to resolve the balance-of-payments crisis through austerity will backfire."

>"Sichuan’s many dams cannot generate enough electricity even for its own needs, forcing factories there to close for up to a week at a time."

"Troubles are coming to the world economy not as single spies but in battalions."

>"The pandemic and the work-from-home movement sparked an economic resurgence in sparsely populated areas as workers fled _...Read More_

"The informal sector in Zimbabwe is massive. Finding ways to connect it to the formal sector is vital."

>"More than a third of people living in South Africa’s richest province Gauteng can’t afford to buy enough food."

>"A new Korea International Trade Association report says China’s role as a go-to source of production among global companies has diminished over the last five years, but it still remains an important and lucrative market for some."

"Federal Reserve Chair Jerome Powell has said the economy is strong enough to withstand higher interest rates. Plenty of economists aren't convinced."

>"A SpaceX rocket carrying three paying customers and a former NASA astronaut is slated to take off from Kennedy Space Center in Florida on Friday morning, _...Read More_

"China is trying to shore up market confidence amid the looming threat of economic turbulence in the wake of the US Fed’s vow to continue raising interest rates."

"The number of retirees at risk of poverty is growing, making them three times more likely to experience poverty than any other age group."

"States have privatized foster care, other youth services in order to save money. Now private equity has swooped in, extracting huge profits amid widespread reports of abuse and neglect."

"Ghana’s economy is in its most precarious state in decades."

"inflation has warped political discussion about Americans' economic circumstances growth is strong jobs are plentiful from the beginning of the pandemic to now, most Americans have come out financially ahead."

>"The Omicron variant put a massive speed bump in the road to America's recovery this winter. The first signs of trouble could show up in the January jobs report Friday."