Hello and welcome to the Intelligence from the Economist.

This week in London, I'm John Fassman.

And right here next to him, I'm Jason Palmer.

Every weekday we provide a fresh perspective on the events shaping your world.

This summer's hit film Maverick is a pain to gutsy fighter pilots.

In the real world, however, aggressive Chinese pilots have provoked complaints from America,

Australia and Canada.

Along with questions about the strategic goals of those flights.

And a grouping tail from one of our correspondence.

He tried to cut his own hair, failed miserably, got a professional to fix his mess, and

learned something about textbook economics along the way.

It's a worry that has haunted much of the year so far.

An ailment looming in one part of the world.

Hence of it in another, hardship coming just as pandemic recovery seemed more assured.

That worry is recession.

In America, J. Powell, the chair of the Central Bank, recently hinted at the interest rate

rises yet to come, but also at some troubling uncertainty.

Our objective really is to bring inflation down to 2%, while the labor market remains strong.

What's becoming more clear is that many factors that we don't control are going to play a

very significant role in deciding whether that's possible or not.

Europe's reliance on Russian gas has led to a different set of uncertainties, and China's

response to COVID-19 contributes yet more.

...