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Global economy

FedEx says shipping volume is down. That's a bad sign for the global economy.

by Stephanie Hughes
Sep 16, 2022
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."
FedEx said it will be reducing the frequency of its flights and closing more than 90 FedEx Office locations.
Joe Raedle/Getty Images
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COVID-19

China's lockdowns continue to disrupt personal lives and the global economy

by Amy Scott and Anais Amin
Sep 12, 2022
"There was a convenience shop owner nearby me who ate nothing but instant noodles for weeks," says Marketplace's Jennifer Pak.
A guard wears protective clothing as he stands next to a barrier fence outside a Beijing apartment under lockdown in June.
Kevin Frayer/Getty Images
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How a stronger dollar weakens economies abroad

by Nancy Marshall-Genzer
Sep 8, 2022
Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.
If the value of the dollar climbs against a currency like the Mexican peso, Mexico's debt payments increase.
agcuesta/Getty Images
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A quarter-century after the handover, is Hong Kong still attractive as a business hub?

by Jennifer Pak
Jun 29, 2022
Crackdowns by Beijing and severe COVID restrictions have undermined its status. Friday marks the anniversary of the transfer of control.
The Hong Kong skyline at sunset. The territory has seen security crackdowns and severe COVID restrictions, and many residents have left in recent years. Friday marks 25 years since its return to Chinese rule.
Anthony Kwan/Getty Images
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Inflation's a global problem. Curbing it may send some countries' economies into recession.

by Mitchell Hartman
Jun 16, 2022
The U.S. economy might have an easier time achieving a "soft landing" than economies in Europe and elsewhere.
Europe has not yet reached pre-pandemic employment or output levels, and the ECB has signaled an interest rate hike next month. Above, the European Central Bank headquarters in Frankfurt, Germany.
Daniel Roland/AFP via Getty Images
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How industrial standards help explain Russia's economic motives for invading Ukraine

by Justin Ho
May 17, 2022
International standards can be tools of globalization. They can also keep other countries locked within an economic orbit.
A Ukrainian soldier guards a road near the Russian border in April 2014, just weeks after Russia invaded and annexed Crimea. After the invasion, Ukraine rejected Russia’s industrial standards and opted for Europe’s instead.
Robert Leslie/AFP via Getty Images
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China’s efforts to address domestic problems can lead to global challenges

by Sabri Ben-Achour and Erika Soderstrom
Apr 29, 2022
Restrictions on exports like fertilizer and steel have major economic ramifications for trading partners.
When the prices of fertilizer began to increase last year, China moved to restrict fertilizer exports. Above, workers move bags of fertilizer in China's northwest Qinghai province in 2005.
Peter Parks/AFP via Getty Images
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Global economic growth will be almost cut in half this year — or will it?

by Nancy Marshall-Genzer
Apr 19, 2022
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 uncertainties of the pandemic and the Russia-Ukraine war make it especially difficult to predict future economic conditions. Above, inside the New York Stock Exchange.
Spencer Platt/Getty Images
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Global food prices reach all-time high

by Stephanie Hughes
Apr 8, 2022
The United Nations’ index of global food prices rose 12.6% in March, increasing the risk of hunger in the developing world.
In Egypt, the government subsidized bread so much that it costs consumers less than the value of the grain it's made with, leading to waste.
Khaled Desouki/AFP via Getty Images
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Could the U.S. have weakened its financial clout by using it to sanction Russia?

by Sabri Ben-Achour
Apr 4, 2022
Probably not, but Russia and China are likely to keep looking for ways to avoid U.S.-controlled financial infrastructure.
The U.S. has a lot of leverage in the global financial system — at least for now.
SSV-Photo/Getty Images
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