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Inflation, declining demand and uncertainty are bumming out investors.
The company’s CEO thinks it is a sign of an impending global recession. One analyst says some of the decrease in volume is “self-inflicted.”
“There was a convenience shop owner nearby me who ate nothing but instant noodles for weeks,” says Marketplace’s Jennifer Pak.
Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.
Crackdowns by Beijing and severe COVID restrictions have undermined its status. Friday marks the anniversary of the transfer of control.
The U.S. economy might have an easier time achieving a “soft landing” than economies in Europe and elsewhere.
International standards can be tools of globalization. They can also keep other countries locked within an economic orbit.
Restrictions on exports like fertilizer and steel have major economic ramifications for trading partners.
The IMF forecasts a slowdown in growth from 6.1% in 2021 to 3.6% in 2022. But the pandemic and the war could change its outlook.
The United Nations’ index of global food prices rose 12.6% in March, increasing the risk of hunger in the developing world.
