Percentage of OECD countries experiencing higher-than-average inflation, 1970-2022. The global inflation shock that began in the United States in 2021 and took hold worldwide in 2022 will have powerful economic and political ripple effects in 2023. It will be the principal driver of global recession, add to financial stress, and stoke social discontent and political instability everywhere. Today’s historically high inflation comes from multiple sources. First was the Covid-19 pandemic, which prompted governments to cushion the fall in incomes with extraordinary fiscal and monetary stimulus at the same time that it disrupted global supply. Then, just as the United States and Europe were coming out of the pandemic thanks to vaccines, China doubled down on its zero-Covid policy, locking down the global economy’s most important manufacturing and shipping hubs. Finally, Russia’s invasion of Ukraine and the West’s sanctions in response put a strain on the global supply of energy, food, and fertilizer. This unprecedented confluence of overlapping shocks pushed inflation to levels most countries hadn’t seen in nearly 50 years. Graphic: Eurasia Group

Eurasia Group’s Top Risks for 2023 – “The risks this year are the most dangerous we’ve encountered in the 25 years since we started Eurasia Group”

By Ian Bremmer and Cliff Kupchan 3 January 2023 (Eurasia Group) – Russia has no way to win in Ukraine. The European Union is stronger than ever. NATO rediscovered its reason for being. The G7 is strengthening. Renewables are becoming dirt cheap. American hard power remains unrivaled. Midterms in the United States were decidedly normal […]

FAO Food Price Index in real terms, 1961-2022. In 2022, the U.N. organization’s Food Price Index hit the highest level since its records began in 1961, according to FAO data. Data: UN FAO. Graphic: James P. Galasyn

Global food prices in 2022 hit record high amid drought, war

ROME, 6 January 2023 (AP) – Global prices for food commodities like grain and vegetable oils were the highest on record last year even after falling for nine months in a row, the U.N. Food and Agriculture Organization said, as Russia’s war in Ukraine, drought and other factors drove up inflation and worsened hunger worldwide. The FAO […]

Maasai children stand beside a zebra that local residents say died due to drought, as they graze their cattle at Ilangeruani village, near Lake Magadi, in Kenya, on 9 November 2022. Photo: Brian Inganga / AP Photo

In 2022, AP photographers captured pain of a changing planet

By Peter Prengaman 16 December 2022 (AP) – In 2022, Associated Press photographers captured signs of a planet in distress as climate change reshaped many lives. That distress was seen in the scarred landscapes in places where the rains failed to come. It was felt in walloping storms, land-engulfing floods, suffocating heat and wildfires no […]

S. Saksan, 5, who has been diagnosed with leukemia, takes a nap in a corridor of a cancer care transit home near Apeksha Hospital, Colombo, Sri Lanka, 16 August 2022. “Due to the current crisis in Sri Lanka, we are facing severe problems in transport and food,” said his mother Sathiyaraj Silaksana, “I have no option but to pay for my son's needs. My husband is a construction worker. In order to pay for all these expenses, we pawned our jewelry.” Photo: Kim Kyung-Hoon / REUTERS

Sri Lanka cancer patients struggle amid economic chaos

COLOMBO, 22 December 2022 (Reuters) – Priyantha Kumarasinghe starts his day in the small Sri Lankan town of Maharagama with a breakfast of two biscuits and a small glass of tea, followed by a round of cancer medicines. The 32-year-old vegetable farmer was diagnosed with lung cancer in 2021 and started receiving treatment earlier this […]

Energy footprints of British households in 2019, from international and domestic aviation (red) and everything else (grey), in the top 10 percent and the bottom 20 percent of incomes. The 102 gigajoules (GJ) used for flying by the average adult in the top 10% of earners in that year was more than the average person in the bottom fifth of earners used for everything, including flying, driving, and heating their homes. Data: Baltruszewicz, et al., 2022 / Ecological Economics. Graphic: Tom Prater / Carbon Brief

Richest people in UK use more energy flying than poorest do overall – “There is so much social injustice engrained in those who don’t have enough energy”

By Josh Gabbatiss 14 December 2022 (Carbon Brief) – The wealthiest people in the UK burn through more energy flying than the poorest use in every aspect of their lives, according to new research. The analysis of data from 2019 highlights “significant inequalities” in energy use across the country. Those in the top 10% of […]

Median real (CPIH-adjusted) hourly employee pay (2022 prices) by cohort in the UK, 1975-2020. Generational pay progress has stalled for those born after 1980. Graphic: Resolution Foundation

Intergenerational audit for the UK in 2022 – “Decades of low pay growth, higher housing costs, and high and rising intergenerational wealth inequality means the young entered this crisis with low levels of financial resilience”

14 November 2022 (Resolution Foundation) – Our fourth Intergenerational Audit – part of the ESRC-funded Connecting Generations partnership – provides an analysis of economic living standards across generations in Britain. In so doing, it analyses the latest data across four domains:  In each of these domains, we assess how different people of different ages and birth […]

A boat sails in front of a wave caused by the advance of sea water on the river during the dry season in the Bailique Archipelago, district of Macapa, state of Amapa, northern Brazil, Monday, 12 September 2022. During a full moon, the sea invades the river with such strength that, in some places, it turns into a single giant wave of up to 4 meters (13 feet), a phenomenon known as pororoca. Photo: Eraldo Peres / AP Photo

Climate migration: Açai growers flee salty Amazon water – “The village is approaching its end”

By Fabiano Maisonnave and Eraldo Peres 10 November 2022 MACAPA, Brazil (AP) – Where the mother of all rivers meets the Atlantic Ocean in coastal Brazil, it’s not a single channel, instead it braids around 230 kilometers (142 miles) of islands including the Bailique Archipelago. A native of the mouth of the Amazon, Elielson Elinho, […]

Aerial view of the dried-up Manambovo River in Tsihombe, Madagascar in November 2022. Its dry bed is pocked with holes dug by desperate residents searching for water. Photo: DW

Video: Digging for water in a Madagascar riverbed – “We brought all the kids here, and now they work as water carriers”

By Adrian Kriesch 19 November 2022 Years of low rainfall in southern Madagascar are creating a food crisis, the UN World Food Programme has warned. DW correspondent Adrian Kriesch visited Tsiombe, where the situation is particularly dire. Watch the video here. Digging for water in a Madagascar riverbed

Women carry belongings salvaged from their flooded home after monsoon rains, in the Qambar Shahdadkot district of Sindh Province, of Pakistan, 6 September 2022. Photo: Fareed Khan / AP Photo

Pakistan’s premier urges global aid for 20 million flood victims – “People living in such areas are looking toward the sky for help”

By Munir Ahmed 21 December 2022 ISLAMABAD (AP) – Pakistan’s prime minister on Wednesday urged the international community to give his country desperately needed aid to help 20 million flood victims survive the harsh winter, as the country struggles to cope with the humanitarian aftermath of vast floods earlier in the year. Prime Minister Shahbaz […]

Maternal Deaths per 100,000 Births, by State Abortion Policy, 2018-2020. Maternal death rates were 62 percent higher in 2020 in abortion-restriction states than in abortion-access states (28.8 vs. 17.8 per 100,000 births). Notably, across the three years presented in this graph, the maternal mortality rate was increasing nearly twice as fast in states with abortion restrictions. Graphic: Commonwealth Fund

The U.S. maternal health divide: The limited maternal health services and worse outcomes of states proposing new abortion restrictions

By Eugene Declercq, Ruby Barnard-Mayers, Laurie Zephyrin, and Kay Johnson 14 December 2022 (Commonwealth Fund) – In anticipation of a U.S. Supreme Court decision overturning Roe v. Wade, a number of states passed “trigger laws” that would ban all, or nearly all, abortions once national abortion protections ended. In the months since the Court’s ruling in Dobbs […]

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