Created by: Sam Tenney
- Chinese third quarter economic growth has slowed by a large amount, with this quarters gross domestic product numbers coming in at just 4.7% growth, compared to 18.1% growth in the first quarter of the year. This is likely due to serious issues with supply chains originating from China as well as a serious energy crisis for Chinese producers.
- The change in core product inflation (CPI) has hit a 25-year high, reaching 4% inflation growth readings annually for the first time since the mid 90’s. This is in part due to large increases in shipping costs over the past year.
- The US Treasury has frozen access to Afghani government dollar reserves held offshores, putting a fiscal embargo on the Taliban. This has had dramatic consequences for the country, with the poverty rate expected to reach 98% by 2022. The poverty rate in Afghanistan at the start of 2020 was 48%.
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