Crowds of people walk under neon signs on Nanjing Road. The street is the city’s main shopping district and one of the busiest shopping districts in the world. Nikada | E+ | Getty Images The International Monetary Fund slightly raised its global growth forecast on Tuesday, saying the economy had proven “surprisingly resilient” despite inflationary…
A McDonald’s crew member prepares french fries in Miami, Florida. Getty Images It’s a timeless question at fast food counters: Do you want fries with that? According to a leading potato supplier, respondents continue to answer “yes” at an above-average rate. It underscores the resilience of consumer spending, even as inflation squeezes wallets and savings…
The pandemic triggered an economic crisis unlike anything seen before in a recession. So perhaps it shouldn’t be surprising that the aftermath has also unfolded in ways that almost no economist expected. As unemployment soared in the early weeks of the pandemic, many feared a repeat of the long, slow recovery that followed the Great…
