Inflation
Turkey spent several years running one of the most unconventional monetary experiments in recent economic history. Between 2021 and late 2023, the central bank repeatedly cut interest rates even as inflation climbed, acting on the belief, held by President Recep Tayyip Erdogan, that high rates cause inflation rather than fight
Inflation
The numbers Argentina is posting in 2026 were considered unreachable two years ago. When President Javier Milei was inaugurated in December 2023, annual inflation stood at 211%, the highest of any major economy in the world. Currently at 31%, it is at its lowest level since 2018. Forecasts for 2026
Inflation
Brazil's economy grew by 3.4% in 2024, which was a good year for the country by most standards. In 2025 that slowed to 2.3%. The World Bank now projects growth of just 1.6% for 2026. That deceleration is not happening in isolation. It is happening
Inflation
Sub-Saharan Africa entered 2026 on its strongest macroeconomic footing in years. Regional growth came in at an estimated 4.5% in 2025, the fastest pace in a decade. Inflation had been falling consistently. Fiscal deficits were narrowing. Central banks across Ghana, Kenya, Mozambique, and South Africa had started cutting interest
Inflation
Across Southeast Asia this week, Indonesia delivered one of the more encouraging economic data points of the month. Indonesia's annual inflation dropped noticeably to 2.42% in April 2026 from 3.48% in March, marking the lowest level since August 2025 and remaining comfortably within the central bank&
Inflation
Australian households are being squeezed from multiple directions at once, and a decision on Tuesday could make it considerably worse. Markets are pricing an 86% probability that the Reserve Bank of Australia will raise the cash rate by 25 basis points to 4.35% at its May 5 meeting, which
Inflation
The European economy entered 2026 with genuine momentum. Inflation had largely returned to target, real wages were rising for the first time in years, and the German fiscal expansion was expected to provide a meaningful boost to the bloc's largest economy. Then the Middle East war began, and
Inflation
The World Bank, IMF, and UN World Food Programme issued a rare joint statement on April 8 warning that the oil and gas shock from the Middle East war will inevitably translate into higher food prices and food insecurity across the world. The burden, they said, will fall most heavily
Inflation
Colombia is dealing with some of the highest inflation in Latin America. Consumer prices rose 6.4% year over year in February, well above the central bank's target range of 2% to 4%. And it's probably going to get worse before it gets better. The Central
Inflation
Eurozone inflation just reversed course in a big way. The flash estimate for March came in at 2.5% year over year, up sharply from 1.9% in February. That's the biggest monthly jump since the initial phase of the Ukraine conflict in 2022. The European Central Bank&
Inflation
The Pentagon is deploying thousands of Marines and ground forces to the Middle East as the war with Iran escalates to a new level. The Wall Street Journal reported over the weekend that three amphibious assault ships loaded with Marines are heading to the Persian Gulf region. This is the
Inflation
UK inflation just came down to 3.0% in January, and people were starting to feel some relief. But that relief is about to vanish. The Bank of England is warning that inflation could jump back to 3.5% by the third quarter of this year, driven almost entirely by