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World Bank chief says inflation might last for two years, and some countries will find it ‘very hard’ to avoid recession
After months of stalling, Russia finally defaults on its foreign debt—although Moscow still says it can pay
Most Americans disagree with Supreme Court’s Roe decision, CBS poll suggests
Powell’s path to 2% inflation needs luck or, failing that, pain: ‘We can’t afford to be fooled again on this, or else it’s going to get beyond us’
World economy risks entering era of high ‘stagflation’ that central banks must keep in check, Bank for International Settlements warns