pain

Economists believe that inflation has peaked.  Main Street braces for more pain

Economists believe that inflation has peaked. Main Street braces for more pain

Shoppers are seen inside a Kroger supermarket on October 14, 2022 in Atlanta, Georgia. Elie Nouvelage | AFP | Getty Images More and more stock market participants and among the ranks of professional economists have rallied around the view that inflation has either peaked or is already in decline, but Main Street small business owners …

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Raising interest rates to control inflation will only cause more pain | Joseph Stiglitz

VSThe unwavering determination of central banks to raise interest rates is truly remarkable. In the name of controlling inflation, they have deliberately set themselves on the path to causing a recession – or making it worse if one happens anyway. Moreover, they openly acknowledge the pain their policies will cause, even if they fail to …

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UK small businesses brace for more pain after surviving pandemic

UK small businesses brace for more pain after surviving pandemic

In the depths of the pandemic in 2020, owners of some typical small businesses that are the bedrock of the UK economy explained their struggles to the Financial Times. On a return visit to the same contractors in Brickfields, a low-rise building in east London that has 98 offices and workshops, all of the businesses …

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