Word: inflationitis
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'2008 might be the most difficult year for China's economy, because there are a lot of uncertainties both inside and outside the country.' WEN JIABAO, Chinese Premier, on the danger posed by rising inflation and a slumping global economy Numbers
MIDDLE EAST 500 Number of construction workers, mostly from South Asia, in the United Arab Emirates whom police say vandalized property on March 18. Rising inflation in the Gulf state has triggered labor protests 80% Percentage of U.A.E. residents who come from overseas
For investors, gold is a traditional hedge in uncertain times, whenever inflation or geopolitical tensions loom. Little wonder, then, that its price has skyrocketed amid the current market turmoil. A look at some other moments when jitters gave gold a push:
For the first time since Zimbabwe's independence in 1980, its 84-year-old President, Robert Mugabe, faces real competition in the country's March 29 elections. Largely owing to dissatisfaction over food and fuel shortages, 80% unemployment and 100,500% inflation, the three opposition candidates--including a former member...
Don't get too comfortable. "The best-case scenario is a mild recession and a slow recovery with mildly elevated inflation," says Harvard professor Kenneth Rogoff, a former chief economist at the International Monetary Fund. "That's the best outcome we can hope for at this point." Rogoff is a...