Emerging-market policymakers grapple with rising inflation
Some central banks are raising interest rates. But that could slow economic recovery
IT HAS BEEN a long few months for the emerging world. Punishing temperatures—July was the hottest month on record worldwide, according to a recent analysis—fanned fires on Turkey’s Mediterranean shores and scorched Russia’s wheat fields. Covid-19 rages across countries with low vaccination rates. Just 24% of Brazilians, 9% of Indians and 7% of South Africans are double-jabbed. On top of everything else, inflation is running hot, too.
This article appeared in the Finance & economics section of the print edition under the headline “Feeling the heat”
From the August 21st 2021 edition
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