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The Economist

China meets its official growth target. Not everyone is convinced

For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s

Published on 17 January 2025 | 1:37 pm


Ethiopia gets a stockmarket. Now it just needs some firms to list

The country is no longer the most populous without a bourse

Published on 16 January 2025 | 11:07 am


Are big cities overrated?

New economic research suggests so

Published on 16 January 2025 | 11:06 am


Why catastrophe bonds are failing to cover disaster damage

The innovative form of insurance is reaching its limits

Published on 16 January 2025 | 11:04 am


“The Traitors”, a reality TV show, offers a useful economics lesson

It is a finite, sequential, incomplete information game

Published on 16 January 2025 | 10:29 am


Will Donald Trump unleash Wall Street?

Bankers have plenty of reason to be hopeful

Published on 15 January 2025 | 4:38 pm


Iran is vulnerable to a Trumpian all-out economic assault

Oil prices are already at a five-month high

Published on 13 January 2025 | 7:32 pm


Why global bond markets are convulsing

Pity anyone taking out a mortgage

Published on 12 January 2025 | 3:31 pm


The Los Angeles fires will be extraordinarily expensive

They will also expose California’s faulty insurance market

Published on 10 January 2025 | 9:01 pm


Europe could be torn apart by new divisions

The continent is at its most vulnerable in decades

Published on 9 January 2025 | 11:10 am


How corporate bonds fell out of fashion

The market is at its hottest in years—and a shadow of its former self

Published on 9 January 2025 | 11:03 am


An American purchase of Greenland could be the deal of the century

The economics of buying new territory

Published on 8 January 2025 | 8:46 pm


China’s markets take a fresh beating

Authorities have responded by bossing around investors

Published on 7 January 2025 | 4:30 pm


Can America’s economy cope with mass deportations?

Production slowdowns, more imports and pricier housing could follow

Published on 6 January 2025 | 8:33 pm


Would an artificial-intelligence bubble be so bad?

A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania

Published on 2 January 2025 | 9:54 am


Will Elon Musk dominate President Trump’s economic policy?

He will face challenges from both America firsters and conservative mainstreamers

Published on 2 January 2025 | 9:49 am


What investors expect from President Trump

Shareholders are over the moon; bondholders are readying the whip hand

Published on 1 January 2025 | 3:25 pm


China’s firms are taking flight, worrying its rulers

Policymakers at home and abroad are anxious about offshoring

Published on 29 December 2024 | 3:22 pm


Manmohan Singh was India’s economic freedom fighter

India’s most consequential finance minister, who later became PM, has died aged 92

Published on 28 December 2024 | 7:47 pm


Why fine wine and fancy art have slumped this year

Investing in luxury goods was a bad move in 2024

Published on 27 December 2024 | 11:47 am


Just how frothy is America’s stockmarket?

We crunch the numbers to assess just how euphoric investors became in 2024

Published on 22 December 2024 | 1:16 pm


Don’t count on monetary policy to make housing affordable

Unless housebuilding picks up, neither cheap nor dear money will bring relief

Published on 19 December 2024 | 10:48 am


Why Brazil’s currency is plunging

Fiscal and monetary policy are now pitted against one another

Published on 19 December 2024 | 10:46 am


The search for the world’s most efficient charities

What the data say about doing good well

Published on 19 December 2024 | 10:43 am


Conflict is remaking the Middle East’s economic order

Iran is boxed in as Saudi Arabia, the UAE and Turkey look to capitalise

Published on 19 December 2024 | 10:42 am


Ukraine is winning the economic war against Russia

Whether that lasts depends on its ability to overcome acute shortages of power, men and money

Published on 18 December 2024 | 7:51 pm


The World Bank is struggling to serve all 78 poor countries

Bangladesh and Niger are very different places

Published on 12 December 2024 | 11:16 am


The Federal Reserve takes on Trump—and stubborn inflation

Time for Jerome Powell to enter the octagon

Published on 12 December 2024 | 11:12 am


What a censored speech says about China’s economy

If growth is on target, why is inflation so low?

Published on 12 December 2024 | 11:09 am


Bitcoin is up by 138% this year. It is a nonsense-free rally

The link between digital assets and mainstream finance is strengthening

Published on 12 December 2024 | 10:34 am


Which economy did best in 2024?

We rank countries on five measures

Published on 10 December 2024 | 6:43 pm


Are adults forgetting how to read?

A survey by the OECD suggests so

Published on 10 December 2024 | 10:27 am


How much oil can Trump pump?

The president-elect wants to be the ultimate energy baron

Published on 9 December 2024 | 6:44 pm


The hidden cost of Chinese loans

Governments that borrow from China must pay more to borrow from others

Published on 5 December 2024 | 11:12 am


Xi Jinping’s campaign against gambling is a failure

Chinese citizens go to great lengths to bet

Published on 5 December 2024 | 11:10 am


How sports gambling became ubiquitous

Europe is at the centre of the industry’s growth

Published on 5 December 2024 | 11:08 am


Cronyism is a problem. But not always an economic one

Research on the topic is surprisingly nuanced

Published on 5 December 2024 | 11:01 am


France is not alone in its fiscal woes

Deficits look worryingly wide across Europe

Published on 5 December 2024 | 10:59 am


MAGA types have a point on debanking

A booming compliance industry is causing problems

Published on 5 December 2024 | 10:57 am


How China will strike back at Trump

Xi Jinping has set out his tariff red lines. What if America crosses them?

Published on 1 December 2024 | 4:45 pm


Russia’s plunging currency spells trouble for its war effort

Supplies from China are about to become more expensive

Published on 1 December 2024 | 2:44 pm


The great-man theory of Wall Street

Why finance is still dominated by bold individuals

Published on 28 November 2024 | 11:29 am


Hong Kong’s property slump may be terminal

Demographics and geopolitics will make a recovery harder

Published on 28 November 2024 | 11:05 am


Why everyone wants to lend to weak companies

An unanticipated side-effect of Donald Trump’s election victory

Published on 28 November 2024 | 10:58 am


American veterans now receive absurdly generous benefits

An enormous rise in disability payments may complicate debt-reduction efforts

Published on 28 November 2024 | 10:57 am


Why Black Friday sales grow more annoying every year

Nobody is to blame. Everyone suffers

Published on 28 November 2024 | 10:19 am


Trump wastes no time in reigniting trade wars

Canada and Mexico look likely to suffer

Published on 26 November 2024 | 2:24 pm


How Trump, Starmer and Macron can avoid a debt crunch

With deficits soaring, their finance ministers will have to be smart

Published on 24 November 2024 | 4:25 pm


What Scott Bessent’s appointment means for the Trump administration

The president-elect’s nominee for treasury secretary faces a gruelling job

Published on 23 November 2024 | 10:56 am


What Donald Trump and Bernie Sanders get wrong about credit cards

Forget interest rates. Rewards are the real problem

Published on 21 November 2024 | 11:05 am


Computers unleashed economic growth. Will artificial intelligence?

Two years after ChatGPT-3.5 arrived, progress has been slower than expected

Published on 21 November 2024 | 11:03 am


Should investors just give up on stocks outside America?

No, but it is getting a lot harder to keep the faith

Published on 21 November 2024 | 11:01 am


Is China really a nation of slackers?

A new survey raises the question

Published on 21 November 2024 | 10:54 am


Donald Trump’s gas war is about to begin

It could annoy some of his most loyal supporters

Published on 21 November 2024 | 10:52 am


Our Big Mac index shows how burger prices differ across borders

Using patty-power parity to think about exchange rates

Published on 20 November 2024 | 11:51 am


Vladimir Putin is in a painful economic bind

Russia’s reliance on China is becoming a problem

Published on 18 November 2024 | 6:53 pm


How to make Elon Musk’s budget-slashing dreams come true

We offer some suggestions

Published on 17 November 2024 | 4:46 pm


Economists need new indicators of economic misery

Existing measures of discomfort are failing to predict elections

Published on 14 November 2024 | 10:40 am


Why financial markets are so oddly calm

Indicators of market volatility have plunged

Published on 14 November 2024 | 10:40 am


How to pay for the poor world to go green

Rich countries need not reinvent the wheel

Published on 14 November 2024 | 10:40 am


The biggest losers from Trumponomics

America’s president-elect wants to reshape trade, capital and labour flows

Published on 14 November 2024 | 10:39 am


What does America’s next treasury secretary believe?

We take a look at the leading contenders for the job

Published on 12 November 2024 | 8:42 pm


Why crypto mania is reaching new heights

Are bitcoin bros right to be so thrilled by Donald Trump’s victory?

Published on 12 November 2024 | 7:49 pm


America’s strengthening dollar will rattle the rest of the world

Donald Trump’s policies could send the greenback soaring

Published on 10 November 2024 | 3:53 pm


What betting markets got right and wrong about Trump’s victory

They might have simply been lucky, or biased

Published on 7 November 2024 | 11:50 am


Big Macs, strawberry jam and the wealth of nations

Alan Heston, a pioneer in comparing economies, died on October 25th

Published on 7 November 2024 | 11:17 am


India is undergoing an astonishing stockmarket revolution

Small investors, rejoice—and beware

Published on 7 November 2024 | 11:12 am


Barbarians on the porch

Private markets are going mainstream

Published on 7 November 2024 | 11:10 am


Sanctions are sinking Russia’s flagship gas project

Whether that lasts is up to Donald Trump

Published on 7 November 2024 | 11:09 am


The return of Trumponomics excites markets but frightens the world

It may bring stronger growth, higher inflation and a global trade war

Published on 6 November 2024 | 3:44 pm


Why investors’ “Trump trade” might be flawed

Markets are betting Trump 2.0 would boost the dollar. It could fall instead

Published on 3 November 2024 | 10:37 am


Greenland faces one of history’s great resource rushes—and curses

The territory sits on an astounding number of critical minerals

Published on 31 October 2024 | 11:30 am


Ireland’s government has an unusual problem: too much money

A tax windfall has added to already overflowing coffers

Published on 31 October 2024 | 11:22 am


American men are getting back to work

The ultra-gloomy picture painted by politicians is no longer accurate

Published on 31 October 2024 | 11:09 am


Why China needs to fill its empty homes

The country’s economy is broken. A recovery requires a healthier property market

Published on 31 October 2024 | 11:03 am


Sin taxes are suffering from a shortage of sinners

Governments across the rich world are looking for alternatives

Published on 31 October 2024 | 10:59 am


Will bond vigilantes come for America’s next president?

Treasury yields are rising ominously

Published on 30 October 2024 | 7:46 pm


Donald Trump would leave Asia with only bad options

The continent’s policymakers are too relaxed about the risks

Published on 30 October 2024 | 6:16 pm


America’s glorious economy should help Kamala Harris

Voters are starting to notice the good news just in time for the election

Published on 27 October 2024 | 3:11 pm


The economics of thinness (Ozempic edition)

Will skinny still be desirable when it is more easily achieved by the masses?

Published on 24 October 2024 | 9:55 am


Investors should not fear a stockmarket crash

Take a long view, and shares are a lot less risky than many realise

Published on 24 October 2024 | 9:53 am


How bad are video games for your grades?

Chinese students provide an answer

Published on 24 October 2024 | 9:41 am


What the surging price of gold says about a dangerous world

Financial fears and geopolitical tremors combine to great effect

Published on 22 October 2024 | 12:29 pm


Hizbullah’s sprawling financial empire looks newly vulnerable

Why Israel is now bombing Lebanese banks

Published on 21 October 2024 | 7:10 pm


The West faces new inflation fears

Having moved in lockstep, America and Europe now have very different concerns

Published on 20 October 2024 | 11:47 am


Trump’s trillion-dollar tax cuts are spiralling out of control

His zany promises would blow up the deficit

Published on 17 October 2024 | 9:59 am


Inside the secret oil trade that funds Iran’s wars

An investigation by The Economist uncovers a multi-billion-dollar, America-defying network

Published on 17 October 2024 | 9:08 am


Germany’s economy goes from bad to worse

Things may look brighter next year, but the relief will be short-lived

Published on 15 October 2024 | 5:11 pm


An economics Nobel for work on why nations succeed and fail

Daron Acemoglu, Simon Johnson and James Robinson tackled the most important question of all

Published on 14 October 2024 | 6:39 pm


Why investors should still avoid Chinese stocks

The debate about “uninvestability” obscures something important

Published on 14 October 2024 | 5:03 pm


China’s property crisis claims more victims: companies

Unsold homes are contributing to a balance-sheet recession

Published on 10 October 2024 | 10:25 am


Europe’s green trade restrictions are infuriating poor countries

Only the poorest can expect help to cushion the blow

Published on 10 October 2024 | 10:24 am


How America learned to love tariffs

Protectionism hasn’t been this respectable for decades

Published on 10 October 2024 | 10:21 am


Why have markets grown more captivated by data releases?

Especially when the quality of statistics is deteriorating

Published on 10 October 2024 | 10:18 am


Can the world’s most influential business index be fixed?

Two cheers for the World Bank’s new global business survey

Published on 10 October 2024 | 10:13 am


Can markets reduce pollution in India?

An experiment in Gujarat yields impressive results

Published on 10 October 2024 | 9:55 am


Could war in the Gulf push oil to $100 a barrel?

Missiles are flying over a region that supplies a third of the world’s crude

Published on 7 October 2024 | 7:56 pm


How bond investors soured on France

They now regard the euro zone’s second-largest economy as riskier than Spain

Published on 6 October 2024 | 11:17 am


Can Andrea Orcel, Europe’s star banker, create a super-bank?

An interview with the boss of UniCredit

Published on 3 October 2024 | 10:02 am


Why economic warfare nearly always misses its target

There is no such thing as a strategic commodity

Published on 3 October 2024 | 10:00 am


A tonne of public debt is never made public

New research suggests governments routinely hide their borrowing

Published on 3 October 2024 | 9:59 am


Xi Jinping’s belated stimulus has reset the mood in Chinese markets

But can the buying frenzy last?

Published on 2 October 2024 | 8:21 pm


The house-price supercycle is just getting going

Why property prices could keep rising for years

Published on 1 October 2024 | 5:37 pm


Why is Canada’s economy falling behind America’s?

The country was slightly richer than Montana in 2019. Now it is just poorer than Alabama

Published on 30 September 2024 | 7:34 pm


At last, China pulls the trigger on a bold stimulus package

“Buy everything,” says an American hedge fund

Published on 27 September 2024 | 5:22 pm


Why the Federal Reserve is split on the future of interest rates

Jerome Powell began with a big cut. What comes next?

Published on 26 September 2024 | 10:13 am


A Wall Street state of mind has captured America

Downtown New York is quieter than ever. Finance has never been louder

Published on 26 September 2024 | 10:12 am


Is the world sleepwalking into another gas crisis?

Prices could once again spike this winter

Published on 26 September 2024 | 10:11 am


How lower American interest rates will boost Africa

One of the world’s worst-named financial instruments is newly relevant

Published on 26 September 2024 | 9:41 am


Can Israel’s economy survive an all-out war with Hizbullah?

The country’s banks are experiencing capital flight

Published on 24 September 2024 | 8:14 pm


China’s central bank tries to save the economy—and the stockmarket

But it will need more help from the government

Published on 24 September 2024 | 3:19 pm


Governments are bigger than ever. They are also more useless

Why voters across the rich world are miserable

Published on 23 September 2024 | 7:18 pm


The world’s poorest countries have experienced a brutal decade

Why has development ground to a halt?

Published on 19 September 2024 | 10:11 am


European regulators are about to become more political

That will worry many in Silicon Valley

Published on 19 September 2024 | 10:05 am


What the history of money tells you about crypto’s future

The thread from shipwrecks and sheep flocks to digital currencies

Published on 19 September 2024 | 10:03 am


Why the Federal Reserve has gambled on a big interest-rate cut

The bold move carries economic and political risks

Published on 18 September 2024 | 6:07 pm


The Federal Reserve’s interest-rate cuts may disappoint investors

Jerome Powell could still surprise on the hawkish side

Published on 16 September 2024 | 6:32 pm


How China’s communists fell in love with privatisation

Even though they are not very good at it

Published on 15 September 2024 | 3:33 pm


Norway’s weak currency presents a mystery

The country’s economy is thriving yet the krone is becoming less and less valuable. What’s going on?

Published on 12 September 2024 | 10:05 am


An American sovereign-wealth fund is a risky idea

Donald Trump’s latest proposal has worryingly broad support

Published on 12 September 2024 | 10:04 am


Can bonds keep beating stocks?

After a terrible couple of months for shareholders, lenders are feeling smug

Published on 12 September 2024 | 10:03 am


Why orange juice has never been more expensive

Pity those who rely on the breakfast staple

Published on 12 September 2024 | 10:03 am


The IMF has a protest problem

Does it give up—or insist on painful reforms?

Published on 12 September 2024 | 10:01 am


China’s government is surprisingly redistributive

That is despite a stingy tax-and-transfer system

Published on 12 September 2024 | 10:00 am


Strangely, America’s companies will soon face higher interest rates

Even though the Federal Reserve is about to loosen monetary policy

Published on 11 September 2024 | 2:43 pm


Can anything spark Europe’s economy back to life?

Mario Draghi, the continent’s unofficial chief technocrat, has a plan

Published on 9 September 2024 | 7:38 pm


Has social media broken the stockmarket?

That is the contention of Cliff Asness, one of the great quant investors

Published on 5 September 2024 | 10:13 am


American office delinquencies are shooting up

How worried should investors be?

Published on 5 September 2024 | 10:12 am


China is suffering from a crisis of confidence

Can anything perk up its economy?

Published on 5 September 2024 | 9:53 am


America has a huge deficit. Which candidate would make it worse?

Enough policies have been proposed to make a call

Published on 5 September 2024 | 9:27 am


Why Oasis fans should welcome price-gouging

There are worse things in life than paying a fair price

Published on 5 September 2024 | 9:16 am


As stock prices fall, investors prepare for an autumn chill

Markets are in a very different place from earlier in the year

Published on 4 September 2024 | 2:39 pm


Will interest-rate cuts turbocharge oil prices?

As policymakers prepare to ease policy, traders (and presidential candidates) hold their breath

Published on 2 September 2024 | 7:00 pm


Can Japan’s zombie bond market be brought back to life?

Ueda Kazuo begins on a dangerous mission

Published on 29 August 2024 | 9:59 am


The plasma trade is becoming ever-more hypocritical

Reliance on America grows, as other countries clutch their pearls

Published on 29 August 2024 | 9:50 am


Are American rents rigged by algorithms?

That is what Department of Justice prosecutors allege

Published on 29 August 2024 | 9:50 am


Inflation is down and a recession is unlikely. What went right?

A few years ago, nobody thought that a soft landing was possible

Published on 29 August 2024 | 9:50 am


How Vladimir Putin hopes to transform Russian trade

He believes the country’s future lies with China and India. What could go wrong?

Published on 28 August 2024 | 5:44 pm


Vast government debts are riskier than they appear

A provocative new paper gets central bankers talking at Jackson Hole

Published on 27 August 2024 | 6:24 pm


Jerome Powell (almost) declares victory over inflation

The Federal Reserve chairman strikes a notably doveish tone

Published on 23 August 2024 | 6:58 pm


Investors should avoid a new generation of rip-off ETFs

Some proposals may even be a risk to financial stability

Published on 22 August 2024 | 10:04 am


Why investors are not buying Europe’s revival

Even though the continent’s stocks are in a “sweet spot”

Published on 22 August 2024 | 10:03 am


America’s recession signals are flashing red. Don’t believe them

We assess a range of measures

Published on 22 August 2024 | 9:57 am


America’s anti-price-gouging laws are too minor to be communist

No matter what critics of Kamala Harris allege

Published on 22 August 2024 | 9:42 am


Why don’t women use artificial intelligence?

Even when in the same jobs, men are much more likely to turn to the tech

Published on 21 August 2024 | 2:54 pm


Kamala Harris’s cost-of-living plan will end in failure

She is the latest presidential candidate to embrace self-defeating economics

Published on 20 August 2024 | 7:33 pm


Artificial intelligence is losing hype

For some, that is proof the tech will in time succeed. Are they right?

Published on 19 August 2024 | 6:13 pm


Europe’s economic growth is extremely fragile

Risk is concentrated in one country: Germany

Published on 15 August 2024 | 10:05 am


How vulnerable is Israel to sanctions?

So far, measures have had little effect. That could change

Published on 15 August 2024 | 9:56 am


Why companies get inflation wrong

Bosses should pay less attention to the media

Published on 15 August 2024 | 9:36 am


What is behind China’s perplexing bond-market intervention?

The central bank seems to think the government’s debt is too popular

Published on 14 August 2024 | 6:19 pm


How to invest in chaotic markets

Contrary to popular wisdom, even retail investors should pay attention to volatility

Published on 13 August 2024 | 6:43 pm


Vladimir Putin spends big—and sends Russia’s economy soaring

How long can the party last?

Published on 11 August 2024 | 3:58 pm


Africa’s two most populous economies brave tough reforms

Will Ethiopia and Nigeria be able to stick to them?

Published on 8 August 2024 | 10:04 am


Should central bankers argue in public?

Division is not always a weakness

Published on 8 August 2024 | 9:48 am


Why Warren Buffett has built a mighty cash mountain

Berkshire Hathaway’s boss is an impressive investor, not an economic oracle

Published on 8 August 2024 | 9:39 am


How Chinese shoppers downgraded their ambition

The trend will dismay the country’s policymakers

Published on 8 August 2024 | 9:37 am


A global recession is not in prospect

That will be a relief to investors everywhere

Published on 7 August 2024 | 6:28 pm


The Big Mac index: where to buy a cheap hamburger

Meat-eaters may want to avoid Argentina

Published on 7 August 2024 | 3:07 pm


The stockmarket rout may not be over

As investors pause for breath, we assess what could turn a correction into a crash

Published on 6 August 2024 | 5:48 pm


Why Japanese stocks are on a rollercoaster ride

Volatility in global markets continues

Published on 6 August 2024 | 6:24 am


Why Japanese markets have plummeted

The global rout continues, with the Topix experiencing its worst day since 1987

Published on 5 August 2024 | 10:21 am


Why fear is sweeping markets everywhere

American and Japanese indices have taken a battering. So have banks and gold

Published on 2 August 2024 | 7:41 pm


India’s economic policy will not make it rich

A new World Bank report takes aim at emerging-market growth plans

Published on 1 August 2024 | 1:58 pm


Wanted: new business, finance and economics interns

The Economist invites applications for the 2024-25 Marjorie Deane internship

Published on 1 August 2024 | 1:02 pm


Which cities have the worst overtourism problem?

We rank popular destinations on two measures

Published on 1 August 2024 | 10:22 am


Gary Gensler is the most controversial man in American finance

Donald Trump is just the latest to take a swing. In an interview with The Economist, the SEC chair defends his record

Published on 1 August 2024 | 10:18 am


EU handouts have long been wasteful. Now they must be fixed

New research highlights their failures

Published on 1 August 2024 | 10:17 am


Investors beware: summer madness is here

This year’s hottest months are shaping up to be especially wild

Published on 1 August 2024 | 10:16 am


China’s last boomtowns show rapid growth is still possible

All it takes is for the state to work with the market

Published on 30 July 2024 | 2:09 pm


What the war on tourism gets wrong

Visitors are a boon, if managed wisely

Published on 29 July 2024 | 6:11 pm


Why investors are unwise to bet on elections

Turning a profit from political news is a lot harder than it looks

Published on 25 July 2024 | 9:55 am


Revisiting the work of Donald Harris, father of Kamala

The combative Marxist economist focused on questions related to growth

Published on 25 July 2024 | 9:54 am


Donald Trump wants a weaker dollar. What are his options?

All come with their own drawbacks

Published on 25 July 2024 | 9:41 am


Why is Xi Jinping building secret commodity stockpiles?

Vast new holdings of grain, natural gas and oil suggest trouble ahead

Published on 23 July 2024 | 6:17 pm


How Vladimir Putin created a housing bubble

Prices have risen by 172% in Russia’s biggest cities over the past three years

Published on 22 July 2024 | 3:39 pm


The rich world revolts against sky-high immigration

Moderates want to limit numbers. Radicals want mass deportations. What will be the economic consequence?

Published on 21 July 2024 | 4:04 pm


Japan’s strength produces a weak yen

Currency meddling will prove futile

Published on 18 July 2024 | 10:17 am


At last, Wall Street has something to cheer

Consumer banks, on the other hand, are starting to suffer

Published on 18 July 2024 | 10:14 am


Americans are wrong to wish for an era of stable bipartisanship

Even though political instability is an economic threat

Published on 18 July 2024 | 9:57 am


Why investors have fallen in love with small American firms

The Russell 2000 puts in a historic performance

Published on 18 July 2024 | 9:56 am


YIMBY cities show how to build homes and contain rents

But to take full advantage of deregulation, Austin and Auckland need other changes

Published on 17 July 2024 | 4:01 pm


Stocks are on an astonishing run. Yet threats lurk

We assess what could bring the bull market to an end

Published on 16 July 2024 | 6:12 pm


China’s leaders face miserable economic-growth figures

Reality intruded at the “third plenum”, intended to discuss long-term reforms

Published on 15 July 2024 | 6:49 pm


Xi Jinping really is unshakeably committed to the private sector

He balances that with being unshakeably committed to state-owned enterprises, too

Published on 11 July 2024 | 9:53 am


The dangerous rise of pension nationalism

Pursuing domestic investment at the expense of returns is reckless

Published on 11 July 2024 | 9:37 am


Europe prepares for a mighty trade war

Will it be able to stick to its rule-abiding principles?

Published on 11 July 2024 | 9:36 am


Betting markets are useful when politics is chaotic

Why, then, are they largely outlawed in America?

Published on 11 July 2024 | 9:36 am


Trumponomics would not be as bad as most expect

Opposition would come from all angles

Published on 11 July 2024 | 9:35 am


How strongmen abuse tools for fighting financial crime

They can get Western governments and banks to crack down on exiled dissidents

Published on 9 July 2024 | 3:40 pm


Why Chinese banks are now vanishing

The state is struggling to deal with troubled institutions

Published on 4 July 2024 | 11:05 am


How Starbucks caffeinates local economies

Call it the frappuccino effect

Published on 4 July 2024 | 10:33 am


How much cash should be removed from the financial system?

Undoing quantitative easing provokes fierce debate

Published on 4 July 2024 | 10:09 am


America’s banks are more exposed to a downturn than they appear

To understand why, consider the ouroboros theory of financial risk

Published on 4 July 2024 | 10:06 am


What happened to the artificial-intelligence revolution?

So far the technology has had almost no economic impact

Published on 2 July 2024 | 6:30 pm


Ukraine has a month to avoid default

Lending to a borrower at war entails an additional gamble: that it will win

Published on 30 June 2024 | 3:24 pm


The economics of the tennis v pickleball contest

Don’t hate the new players—or the new game

Published on 27 June 2024 | 10:00 am


Is coal the new gold?

The world’s dirtiest fuel is a disturbingly safe investment

Published on 27 June 2024 | 9:56 am


How Chinese goods dodge American tariffs

Policymakers are unsure what to do about a tricky loophole

Published on 27 June 2024 | 9:53 am


American stocks are consuming global markets

That does not necessarily spell trouble

Published on 27 June 2024 | 9:43 am


McDonald’s v Burger King: what a price war means for inflation

American consumers will be licking their lips. So will Federal Reserve officials

Published on 26 June 2024 | 5:25 pm


Will services make the world rich?

American fried chicken can now be served from the Philippines

Published on 24 June 2024 | 8:51 pm


Is America approaching peak tip?

The country’s gratuity madness may soon calm, so long as Donald Trump does not get his way

Published on 20 June 2024 | 10:05 am


America’s rich never sell their assets. How should they be taxed?

It is tempting to tax them during their lives. It is wiser to do so after their deaths

Published on 20 June 2024 | 10:03 am


Indian state capitalism looks to be in trouble

A weakened Narendra Modi is bad news for investors in government-controlled firms

Published on 20 June 2024 | 9:59 am


Europe faces an unusual problem: ultra-cheap energy

The continent is failing to adapt to a renewables boom

Published on 20 June 2024 | 9:53 am


Think Nvidia looks dear? American shares could get pricier still

Investors are willing to follow whichever narrative paints the rosiest picture

Published on 19 June 2024 | 11:14 am


How bad could things get in France?

The country’s next prime minister faces a brutal fiscal crunch

Published on 18 June 2024 | 3:45 pm


Why house prices are surging once again

In America, Australia and parts of Europe, property markets have shrugged off higher interest rates

Published on 16 June 2024 | 12:52 pm


China’s currency is not as influential as once imagined

Its share of international reserves has stalled

Published on 13 June 2024 | 9:38 am


The cracks in America’s ultra-strong labour market

With a big discrepancy in jobs data, the economy may be weaker than it seems

Published on 13 June 2024 | 9:37 am


Rumours of the trade deal’s death are greatly exaggerated

Plenty of countries are in a dealmaking rush

Published on 13 June 2024 | 9:35 am


Does motherhood hurt women’s pay?

Two new studies suggest not—at least in the long run, and in Scandinavia

Published on 13 June 2024 | 9:33 am


Has private credit’s golden age already ended?

A more competitive market is a less profitable one

Published on 13 June 2024 | 9:31 am


Donald Trump’s trade hawk is plotting behind bars

Peter Navarro’s dark vision of the global economy could shape Trump 2

Published on 11 June 2024 | 5:48 pm


China is distorting its stockmarket by trying to prop it up

State purchases of shares are bad enough, but other measures are far more destructive

Published on 10 June 2024 | 6:14 pm


Want to avoid woke stockmarket rules? List in Texas

The Lone Star State is ready to take on New York

Published on 6 June 2024 | 9:58 am


European banks are making heady profits in Russia

But for how much longer?

Published on 6 June 2024 | 9:56 am


Why global GDP might be $7trn bigger than everyone thought

The discovery has perturbed Chinese officials

Published on 6 June 2024 | 9:54 am


Should you buy expensive stocks?

A new paper suggests the answer is “yes”

Published on 5 June 2024 | 6:40 pm


Is America’s economy heading for a consumer crunch?

Warning signs have started to appear. But there are reasons for optimism

Published on 4 June 2024 | 7:27 pm


China’s economic model retains a dangerous allure

Despite the country’s current struggles, autocrats elsewhere see a lot to admire

Published on 3 June 2024 | 5:08 pm


When to sell your stocks

Poker provides investors with helpful guidance

Published on 30 May 2024 | 10:11 am


Young collectors are fuelling a boom in Basquiat-backed loans

Auction houses are on a lending spree

Published on 30 May 2024 | 10:08 am


Xi Jinping’s surprising new source of economic advice

What China’s leader may learn from a pair of reform-minded academics

Published on 30 May 2024 | 10:06 am


Foreign investors are rejecting Indian stocks

A roaring economy is not enough to entice them

Published on 30 May 2024 | 10:05 am


Why any estimate of the cost of climate change will be flawed

Temperature fluctuations are unpredictable. Humans are even more so

Published on 30 May 2024 | 9:51 am


OPEC heavyweights are cheating on their targets

That is tamping down global oil prices

Published on 27 May 2024 | 5:48 pm


Baby-boomers are loaded. Why are they so stingy?

The mystery matters for global economic growth

Published on 26 May 2024 | 1:13 pm


Shrinking populations mean less growth and a more fractious world

Politicians must act now to avert the worst

Published on 23 May 2024 | 10:19 am


Boaz v BlackRock: Whoever wins, closed-end funds lose

Farewell to a financial mystery

Published on 23 May 2024 | 10:16 am


Brazil, India and Mexico are taking on China’s exports

To avoid an economic shock, they are pursuing a strange mix of free trade and protectionism

Published on 23 May 2024 | 10:13 am


How the Chinese state aims to calm the property market

Officials appear willing to spend public money on private capitalists

Published on 23 May 2024 | 10:11 am


Can the rich world escape its baby crisis?

Governments are splurging on handouts to avert catastrophe

Published on 21 May 2024 | 7:53 pm


At long last, Europe’s economy is starting to grow

Now for the hard part

Published on 20 May 2024 | 3:38 pm


The property firm that could break China’s back

If Vanke collapses, so might confidence in the state’s management of the economy

Published on 16 May 2024 | 10:04 am


Narendra Modi’s flagship growth scheme is off to a sluggish start

Without improvements, it risks wasting trillions of rupees

Published on 16 May 2024 | 10:03 am


Diego Maradona offers central bankers enduring lessons

Recent years ought to have reduced the importance of a skilful feint. They have not

Published on 16 May 2024 | 10:00 am


Joe Biden, master oil trader

The president has turned volatility into profit

Published on 16 May 2024 | 9:51 am


How Jim Simons revolutionised investing

The “quant king” pioneered an approach that has become a pillar of finance

Published on 16 May 2024 | 9:45 am


Biden outdoes Trump with ultra-high China tariffs

The move, which hits electric vehicles, carries an environmental cost

Published on 14 May 2024 | 4:23 pm


America is in the midst of an extraordinary startup boom

How the country revived its go-getting spirit

Published on 12 May 2024 | 12:36 pm


Could America and its allies club together to weaken the dollar?

China would not be happy

Published on 9 May 2024 | 9:58 am


Banks, at least, are making money from a turbulent world

It is once again a good time to work on a trading desk

Published on 9 May 2024 | 9:58 am


Against expectations, European banks are thriving

Many are now ripe for a takeover

Published on 9 May 2024 | 9:58 am


Why the global cocoa market is melting down

Toblerones could soon become luxury goods

Published on 9 May 2024 | 9:58 am


What Xi Jinping gets wrong about China’s economy

Despite his protestations, the country does have an overcapacity problem

Published on 9 May 2024 | 9:57 am


What would get China’s consumers spending?

Clues from a grocer in a fourth-tier city

Published on 9 May 2024 | 9:57 am


How Ukrainian farmers are using the cover of war to escape taxes

“Black grain” infuriates exporters playing by the rules

Published on 7 May 2024 | 4:57 pm


What campus protesters get wrong about divestment

Will withdrawing money hurt Israel?

Published on 2 May 2024 | 10:25 am


Hedge funds make billions as India’s options market goes ballistic

The country’s retail investors are doing less well

Published on 2 May 2024 | 10:14 am


Russia’s gas business will never recover from the war in Ukraine

Hopes of a Chinese rescue look increasingly vain

Published on 2 May 2024 | 10:04 am


Working from home and the US-Europe divide

Americans are no longer the rich world’s great office drones

Published on 1 May 2024 | 5:23 pm


Immigration is surging, with big economic consequences

The West faces an unprecedented number of new arrivals

Published on 30 April 2024 | 4:44 pm


Japan will struggle to rescue its plummeting currency

Expensive government intervention looks likely to provide only brief respite

Published on 29 April 2024 | 4:00 pm


The UAE is using a wealth fund to gain diplomatic sway

And to build holiday resorts

Published on 25 April 2024 | 10:35 am


How far could America’s stockmarket fall?

With the prospect of cheaper money receding, shares look unusually vulnerable

Published on 25 April 2024 | 10:11 am


Chinese authorities are now addicted to traffic fines

What that tells you about the country’s economic woes

Published on 25 April 2024 | 10:07 am


Don’t like your job? Quit for a rival firm

Lina Khan hopes to free the American worker

Published on 25 April 2024 | 9:57 am


Is inflation morally wrong?

Workers think so. Economists disagree

Published on 25 April 2024 | 9:56 am


Why a stronger dollar is dangerous

It sets the stage for a nasty new Trump-China clash, among other things

Published on 23 April 2024 | 4:00 pm


How American politics has infected investing

Beware: taking a stand can be expensive

Published on 21 April 2024 | 3:41 pm


Can the IMF solve the poor world’s debt crisis?

The fund will freeze out China if that is what it takes to offer relief

Published on 18 April 2024 | 10:05 am


Frozen Russian assets will soon pay for Ukraine’s war

And America now hopes to convince others to make better use of the stash

Published on 18 April 2024 | 9:54 am


Citigroup, Wall Street’s biggest loser, is at last on the up

Jane Fraser’s unexpected success

Published on 18 April 2024 | 9:47 am


Why the stockmarket is disappearing

Large companies such as ByteDance, OpenAI and Stripe are staying private

Published on 18 April 2024 | 9:13 am


Even without war in the Gulf, pricier petrol is here to stay

Expensive oil could put Donald Trump in the White House

Published on 17 April 2024 | 3:59 pm


Generation Z is unprecedentedly rich

Millennials were poorer at this stage in their lives. So were baby-boomers

Published on 16 April 2024 | 6:53 pm


China’s better economic growth hides reasons to worry

The country’s leaders are too complacent about deflation

Published on 16 April 2024 | 1:33 pm


What China’s central bank and Costco shoppers have in common

Hint: it is not a fondness for cryptocurrencies

Published on 11 April 2024 | 10:02 am


How fast is India’s economy really growing?

Statisticians take the country’s figures with a pinch of salt

Published on 11 April 2024 | 10:00 am


Ukrainian drone strikes are hurting Russia’s oil industry

The world’s third-largest producer is now an importer of petrol

Published on 11 April 2024 | 9:51 am


China’s state is eating the private property market

Pity those soon to buy a home

Published on 11 April 2024 | 9:50 am


When will Americans see those interest-rate cuts?

Following a nasty surprise, some now think they may come only after the presidential election

Published on 10 April 2024 | 8:08 pm


Would America dare to bring down a Chinese bank?

Janet Yellen promises sanctions for those supporting Vladimir Putin’s war

Published on 10 April 2024 | 6:26 pm


The rich world faces a brutal spending crunch

Countries including America, Britain and France are up against remorseless fiscal logic

Published on 9 April 2024 | 7:39 pm


What will humans do if technology solves everything?

Welcome to a high-tech utopia

Published on 9 April 2024 | 3:33 pm


How to build a global currency

India is the latest country to try. Painful reforms are required

Published on 4 April 2024 | 9:55 am


Will FTX’s customers be repaid?

As Sam Bankman-Fried is locked up, his erstwhile depositors await their fate

Published on 4 April 2024 | 9:51 am


The Federal Reserve cleans up its money-printing mess

It wants to avoid upsetting markets, and is so far succeeding

Published on 4 April 2024 | 9:50 am


Daniel Kahneman was a master of teasing questions

How a psychologist transformed economics

Published on 4 April 2024 | 9:34 am


Wanted: a new economics writer

An opportunity to join the staff of The Economist

Published on 3 April 2024 | 1:54 pm


How Xi Jinping plans to overtake America

Digital twins, nuclear fusion and the small matter of fixing China’s economy

Published on 31 March 2024 | 12:31 pm


China’s banks have a bad-debt problem

As is becoming increasingly obvious

Published on 27 March 2024 | 2:12 pm


Which country will be last to escape inflation?

A new dividing line in the global fight

Published on 27 March 2024 | 2:11 pm


How the “Magnificent Seven” misleads

Forget the supergroup of stockmarket darlings

Published on 27 March 2024 | 2:11 pm


How India could become an Asian tiger

The world’s most selective bureaucracy is struggling to make it happen

Published on 27 March 2024 | 2:11 pm


Europe’s economy is under attack from all sides

First Putin, now Xi. Next Trump?

Published on 26 March 2024 | 8:00 pm


As markets soar, should investors look beyond America?

The country’s stocks are extremely expensive

Published on 24 March 2024 | 1:18 pm


How to trade an election

It is becoming harder for investors to ignore politics

Published on 21 March 2024 | 11:10 am


Why “Freakonomics” failed to transform economics

The approach was fun, but has fallen out of favour

Published on 21 March 2024 | 11:08 am


America’s realtor racket is alive and kicking

Celebrations over a settlement between agents and homeowners are premature

Published on 21 March 2024 | 10:59 am


First Steven Mnuchin bought into NYCB, now he wants TikTok

Is there any limit to his ambitions?

Published on 21 March 2024 | 10:58 am


Why America can’t escape inflation worries

The Federal Reserve sticks to its plans, despite an uncertain situation

Published on 20 March 2024 | 8:18 pm


Japan ends the world’s greatest monetary-policy experiment

For the first time in 17 years, officials raise interest rates

Published on 19 March 2024 | 1:12 pm


How China, Russia and Iran are forging closer ties

Assessing the economic threat posed by the anti-Western axis

Published on 18 March 2024 | 7:52 pm


How NIMBYs increase carbon emissions

Opposition to new buildings has unfortunate consequences

Published on 14 March 2024 | 10:59 am


The private-equity industry has a cash problem

Little wonder its investors are protesting

Published on 14 March 2024 | 10:57 am


China’s economic bright spots provide a warning

What a visit to an optimistic port reveals

Published on 14 March 2024 | 10:55 am


Saudi Arabia’s investment fund has been set an impossible task

It must earn eye-watering returns while speeding the shift to a post-oil economy

Published on 14 March 2024 | 10:53 am