weakening worldwide, is unusually resilient. Bond premiums have fallen at least 40 per cent from their peaks. Argentine stocks rose sharply in anticipation of Milei’s presidency, and are up another 60 per cent in dollar terms since he took office. The black-market currency discount has...
The value of Japan’s currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1.
A separate FT poll of more than 100 leading UK-based economists said thatBritain would endure one of the worst recessionsand weakest recoveries in the G7 in 2023. Central banks around the world have beenraising ratessharply to tackle inflation, which has surged to multi-decade highs in many ...