Business
The Silver Lining in Soaring Interest Rates: The Economy Can Handle Them
Some economists see a silver lining to the global surge in borrowing costs: the economy is strong enough to handle them.
Economies around the world are showing surprising resilience to higher central bank-interest rates and government bond yields that have jumped to multidecade highs across the developed world. The Federal Reserve, Bank of Japan and European Central Bank are among central banks that have lifted interest rates to contain inflation driven by the war with Iran.
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