Emerging-market policymakers grapple with rising inflation
Some central banks are raising interest rates. But that could slow economic recovery
IT HAS BEEN a long few months for the emerging world. Punishing temperatures—July was the hottest month on record worldwide, according to a recent analysis—fanned fires on Turkey’s Mediterranean shores and scorched Russia’s wheat fields. Covid-19 rages across countries with low vaccination rates. Just 24% of Brazilians, 9% of Indians and 7% of South Africans are double-jabbed. On top of everything else, inflation is running hot, too.
This article appeared in the Finance & economics section of the print edition under the headline “Feeling the heat”
From the August 21st 2021 edition
Discover stories from this section and more in the list of contents
Explore the edition
Trump’s trade deal with Britain will worry allies and rivals alike
Sir Keir Starmer will at least be pleased to have been first
Why Gen X is the real loser generation
Don’t cry for millennials or Gen Z. Save your pity for those in their 50s
Global turmoil has at least one beneficiary: currency traders
The foreign-exchange market has been reinvigorated by recent events
How Saudi Arabia is cranking up the pressure on its OPEC allies
Will oil prices fall much further?
Trump is a threat to Asia’s giant insurers
Not just its exporters
What happens when a hegemon falls?
Why economists are turning to a 50-year-old book on the Depression