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View all search resultsAcross Asia and the Pacific, El Niño’s effects can quickly reach workplaces, household budgets and local economies, hitting vulnerable workers, particularly those in the informal economy. Protecting their livelihoods will require an integrated approach linking climate preparedness with social protection and sound macroeconomic policies.
Fresh economic data brought United States President Donald Trump's Republican Party good and bad news ahead of midterm elections, with the labor market showing strong growth but record-high diesel prices likely to further fuel inflation.
When major economies are running at near full capacity, it is not clear that trade deficits should be a cause for concern, since they represent a transfer of purchasing power from surplus countries. Under the current circumstances, then, China’s widely criticized surpluses might as well be called enrich-thy-neighbor.
While Indonesia's macroeconomic growth may appear reassuring on paper, it would do well to take a close look at the country's current trajectory in parallel with Chile's experience since 2019 to avoid creating an increasingly fragile middle class.
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