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[167] 2023 was the worst year for US home sales since 1995. [168] Despite gloom numbers, the US defied recession fears with 3.3% growth in the fourth quarter. [169] [170] As of August 2023, there has been no evidence that the Inflation Reduction Act increased or decreased inflation. [171]
Soaring inflation expectations factored into the 5.25 percentage points worth of hikes in the policy rate in 2022 and 2023. Concerns about higher prices are chipping away at consumer sentiment ...
Business and economy. 2021–2023 global energy crisis. 2022–2023 Pakistan economic crisis. The government orders the closure of all shopping malls and retail markets by 8:30 p.m. daily as part of an energy conservation plan to offset increasing energy prices. Politics and elections
Business and economy. 2021–present United Kingdom cost-of-living crisis. 2022–2023 United Kingdom industrial disputes and strikes. Junior doctors in England begin their longest strike action yet, spanning nine days, to address pay-related disputes with the National Health Service. (AFP via ABS-CBN News) 2018–present Argentine monetary crisis
The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government ultimately intervening in several ways. Over the course of five days in March 2023, three small-to-mid size U.S. banks failed, triggering a sharp decline in global bank stock prices and ...
Global Container Freight Index, July 2019 – August 2022. In 2021, as a consequence of the COVID-19 pandemic and, later, the ongoing 2022 Russian invasion of Ukraine, global supply chains and shipments slowed, causing worldwide shortages and affecting consumer patterns.
Likewise, over that same time period, the year saw a drop in job openings that was the third-worst on record, behind 2008 and 2001—both years when the economy was in recession. This story was ...
Business and economy. 2021–2023 inflation surge. The Turkish central bank raises its main interest rate from 15% to 17.5% in order to control rising inflation, after the key rate nearly doubled last month. Disasters and accidents. 2023 Raigad landslide