The pandemic has changed the way people in many parts of the world spend their money, shifting funds that might have been used for dining, travel and entertainment to goods they can play with, sit on or consume at home. That increased demand, combined with persistent difficulties in moving goods from one city or continent to another, skyrocketing energy prices and labor shortages, has driven up costs. Some of those pressures are expected to wane toward the end of the year — but not everywhere. “In the United States the…
I.M.F. Forecasts U.S. and China Slowdowns Will Hold Back Growth
