What is the current global economic situation? | In Focus podcast
If the Covid-19 pandemic turned our world upside down, Russia\u2019s invasion of Ukraine has added to the global economic gloom. We thought it apt to now take a quick snapshot of major economies undergoing stress and of places where policy action is going against the grain. We also wanted to take a peek into nations that are doing rather well, when the rest of the world is surrounded by uncertainty. We chose to review the US\u2019s interest actions, the UK\u2019s fiscal and currency woes, Turkey\u2019s unbridled inflation and counterintuitive interest rate moves, the blossoming of Vietnam\u2019s economy in a world full of economic stagnation, with Indonesia close on its heels and insistence by Japan\u2019s central bank that it won\u2019t raise rates given that it has the lowest inflation rate among major economies.\nRohit Azad, who teaches economics at JNU, shares his views with us on these global trends.