Inflation By Country
The above chart raises questions. Why does the U.S. have an inflation rate that is 2.7% higher than Canada? Why does the Netherlands have a 4% higher inflation rate than France?
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Hong Kong Failing Covid-Zero Policy
Hong Kong is doggedly sticking to a Covid-zero strategy that has failed almost everywhere else, threatening its status as an international financial center. The result is growing frustration among local residents, expats and business leaders with a government seen to be pursuing a futile policy in the hopes of appeasing China’s ruling Communist Party.
Bloomberg News, February 11, 2022