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What’s the Biggest Economic Peril? Depends on Where You Live

China, Europe and the U.S. are each focused on different crises, even if Russia’s war against Ukraine is on everyone’s mind. 

Views of the Kwai Tsing Container Terminals In Hong Kong Ahead Of Trade Figures
Photographer: Paul Yeung/Bloomberg

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We may live in a global economy, but beyond the war in Ukraine, what’s front-of-mind for policymakers in the U.S., Europe and China is very different. For China, it’s Covid-19; for Europe, it’s the price of energy; and for the U.S., it’s inflation.