Last week, good news emerged from Ethiopia. The federal government announced a truce in its sixteen-month conflict with Tigrayan forces, expressing hope that its action would improve the humanitarian situation in the region and pave the way for lasting peace. Tigrayan forces responded in kind, pledging to make the truce a success.
Real estate has emerged as a pressing domestic issue in South Korea. Concerns about increased housing prices and uncertainties within the real estate market will shape voter preference in the upcoming presidential election.
To ratchet up economic penalties against Russia over its war in Ukraine, the United States and its allies should consider a coordinated suspension of Russia’s trade privileges.
China and Ukraine have developed a strong economic and strategic relationship, but the West’s response to Russia’s war could push Beijing and Moscow closer together.
While the U.S. is unlikely to see a repeat of the “Great Inflation” of 1965-1982, it is still helpful to understand both the similarities and differences from that period as the country faces stubbornly high inflation.