Shock after shock is buffeting the world economic outlook, forcing another big cut to IMF growth forecasts, after a big downgrade in April.
A new wave of covid infections is spreading in Europe, the US and Japan, forcing reassessment of what 'living with' the virus means.
As confidence in developers' ability to complete presold homes rises, so does a new movement among Chinese mortgage-holders simply to stop making payments.
Inflation running at an annual rate of 9.1% in the US is prompting talk of the largest single rate hike - a full percentage point - since the Federal Reserve began inflation-targeting.