United States:
Housing-Market Risks in U.S. Are Clustered Around NYC, Chicago
“New York City and Chicago are home to some of the most vulnerable housing markets in the U.S., where the pandemic continues to threaten homeowners and the broader economy. Of the 50 most at-risk counties across the country, those two metropolitan areas each had eight, while there were seven throughout California in the final three months of 2021, according to real estate data firm Attom Data Solutions. The Philadelphia area and Delaware also had a cluster of vulnerable counties, Attom said.”
Europe:
The U.K. Is Two Months Away From a Brutal Cost-of-Living Crisis
“Soaring energy prices and rising inflation are causing policy headaches around the world. In the U.K., though, the government is raising taxes at the same time, kicking off an economic experiment in one of the countries worst-hit by the pandemic. Britain’s acute cost-of-living crunch will hit in April, instantly stretching household and company budgets and penalizing the poorest households, many of which have already been most impacted by Covid-19.”
Asia:
Japan’s Trade Values Hit Record High Amid Rising Inflation
“Japan’s trade climbed to a record value both in exports and imports amid a growing headache for global economic policy makers: inflation. The rise in exports last month from a year earlier was led by cars, steel and chips, showing some easing in supply-side crunches. But rising prices inflated their strength as the value of shipments abroad jumped 17.5% from a year ago while the volume was up just 2%. The gains in auto, steel and semiconductors all showed the same trend.”
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