Our Economy and the World Issue 277


This week’s issue of  includes:

Key Global and Regional Developments over the Past Week

  • BBC: US makes biggest interest rate rise in almost 30 years
  • Reuters: U.S. mortgage interest rates jump to highest level since 2008
  • Bloomberg: China is walking back virus loosening weeks after reopening
  • Bloomberg: UK economy shrinks unexpectedly
  • Reuters: U.S. retail sales post first decline in five months as inflation bites

Special Analysis 

  • World Bank: Global Economic Prospects – June 2022

Developments in Financial and Commodity Markets in the Past Week

  • Bloomberg: Bitcoin’s Unrelenting Selloff Puts Prices on Verge of $20,000
  • CNBC: Stocks jump after Powell signals Fed will stay tough on inflation, Dow snaps 5-day slide