Tough stance: A man stands in front of an electronic board showing stock information at a brokerage house in Beijing. The country’s zero-Covid approach means the economy may not grow at all this quarter. — Reuters
POLICY makers are fighting the devil in front of them rather than the goblin lurking around the corner.
After years of wishing for and trying to conjure faster inflation, the overwhelming focus now is on slowing things down. A global slump seems increasingly possible – if such a downturn isn’t here already.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
