With hopes that Covid is in retreat and that inflation will moderate in the year ahead, we take a last look at who had it good and who had it bad in 2022.
Bitfront, a crypto exchange backed by Line, one of Japan's largest social media players, close its doorsStill, hope springs eternal that in Asia and elsewhere, a crypto spring will come as part of the ongoing embrace of a "digital asset economy" and "all things fintech.
Sri Lanka continues to face a multidimensional crisis. A broken economy, depleted foreign currency reserves, high inflation —— and power, fuel and food shortages made worse by the impact of the war in Ukraine, a growing "brain drain" and meager tourism numbers characterize this south Asian nation today.
Negotiations for an IMF deal remain complicated by large amounts of Sri Lankan debt held so by China, India and Japan., and thousands of would-be emigrants were planning to do the same in search of a brighter future elsewhere. An IMF deal to restructure Sri Lanka's debt could provide much needed cash and economic stability, but negotiations remain complicated by large amounts of Sri Lankan debt held so by China, India and Japan.While China has taken pride in an extraordinarily low number of Covid-related deaths, the nation has also become a showcase for the negative consequences of efforts to contain the virus.
By year-end, anti-lockdown protests were reported in numerous cities, including at the world's largest iPhone assembly factory in Zhengzhou, as China's zero-Covid policy took its toll on the economy and everyday people's mental health.
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