United States
The Economist
Hong Kong says goodbye to a capitalist crusader
David Webb was an exemplary shareholder
Published on 22 May 2025 | 10:15 am
What the failure of a superstar student reveals about economics
Aidan Toner-Rodgers was enjoying a meteoric rise at MIT. Then questions started to be asked about his work
Published on 22 May 2025 | 10:11 am
Wall Street and Main Street are split on Trump’s chaos
The president prompted a similar divide last time round
Published on 22 May 2025 | 9:59 am
Will Jamie Dimon build the first trillion-dollar bank?
We interview JPMorgan Chase’s boss, and his lieutenants
Published on 22 May 2025 | 9:55 am
America’s scientific prowess is a huge global subsidy
And it is now under threat
Published on 22 May 2025 | 9:36 am
Trump will be unpleasantly surprised by America’s tariff revenues
He should expect billions, not trillions
Published on 18 May 2025 | 12:44 pm
Economists are as confused as Trump about taxing the rich
Forget technocracy. The top rate is set by gut instinct
Published on 15 May 2025 | 10:07 am
Is the market up or down? Republicans and Democrats disagree
Retail investing suffers from partisanship
Published on 15 May 2025 | 9:56 am
China has got lucky with Trump. Can the rest of the world?
Progress in trade talks has so far been slow
Published on 15 May 2025 | 9:54 am
How the Chinese Communist Party learnt to love villages
It wants people to move to cities. And the countryside
Published on 15 May 2025 | 9:49 am
Poland: the ignored stockmarket superstar
Why the country’s shares are going gangbusters
Published on 14 May 2025 | 7:31 pm
Why the MAGA economy is thriving
The world’s largest market is becoming two
Published on 13 May 2025 | 7:24 pm
America has given China a strangely good tariff deal
For the next 90 days, at least
Published on 12 May 2025 | 3:08 pm
Trump’s trade deal with Britain will worry allies and rivals alike
Sir Keir Starmer will at least be pleased to have been first
Published on 8 May 2025 | 6:54 pm
Why Gen X is the real loser generation
Don’t cry for millennials or Gen Z. Save your pity for those in their 50s
Published on 8 May 2025 | 9:57 am
Global turmoil has at least one beneficiary: currency traders
The foreign-exchange market has been reinvigorated by recent events
Published on 8 May 2025 | 9:37 am
How Saudi Arabia is cranking up the pressure on its OPEC allies
Will oil prices fall much further?
Published on 8 May 2025 | 9:11 am
What happens when a hegemon falls?
Why economists are turning to a 50-year-old book on the Depression
Published on 8 May 2025 | 9:02 am
America and China prepare for an Alpine trade clash
Might tariffs fall from their mountainous highs?
Published on 7 May 2025 | 5:11 pm
Buy the dip: the trend that keeps stocks from crashing
Retail investors now play a useful role at times of panic
Published on 6 May 2025 | 6:39 pm
Warren Buffett has created a $348bn question for his successor
Berkshire Hathaway’s next CEO has huge shoes to fill—and a mountain of cash to invest
Published on 4 May 2025 | 1:10 am
Don’t blame imports for the fall in America’s GDP
Why what you’ve read about the trade deficit hurting growth is wrong
Published on 1 May 2025 | 12:49 pm
Why economists should like booze
A martini doesn’t just steady the nerves after a rollercoaster week
Published on 1 May 2025 | 9:48 am
The risky world of private assets opens up to retail investors
Fund managers smell an opportunity to get even bigger
Published on 1 May 2025 | 9:16 am
A takeover bid promises consolidation in Italian finance
But more complication, too
Published on 1 May 2025 | 9:14 am
Why China has the upper hand in its trade war with America
A truce is still possible, but no one wants to be first to pick up the phone
Published on 1 May 2025 | 9:11 am
How a mortgage transforms your investment portfolio
They turn retail savers into hedge-fund managers
Published on 30 April 2025 | 8:24 pm
America may be just weeks away from a mighty economic shock
Trade between China and America is already sinking
Published on 29 April 2025 | 8:23 pm
Vladimir Putin’s money machine is sputtering
After years of resilience, Russia’s economy is slowing down
Published on 27 April 2025 | 1:46 pm
Economists don’t know what’s going on
Blame crumbling statistical offices
Published on 24 April 2025 | 11:18 am
Not just Trump: Asia has a trade problem of its own making
A “noodle bowl” of agreements gets in the way of regional commerce
Published on 24 April 2025 | 10:38 am
Trump’s sovereign-wealth fund won’t make America richer
It will just make the country riskier
Published on 24 April 2025 | 10:15 am
What price cool? $31 a month, according to students
The value of having the right text-message bubbles
Published on 24 April 2025 | 10:10 am
Will China’s shoppers cushion the Trumpian blow?
Perhaps. But nastier outcomes are also imaginable
Published on 24 April 2025 | 9:45 am
Should investors spend the trade war in India?
Mumbai may be a haven, but it is not a safe one
Published on 23 April 2025 | 6:30 pm
Why American tech stocks are newly vulnerable
Recent market turbulence has exposed uncomfortable weaknesses
Published on 23 April 2025 | 2:57 pm
Trump fires at the Fed. America’s economy is collateral damage
The president may test legal bounds as he tries to sway Jerome Powell
Published on 22 April 2025 | 1:30 pm
Unlike everyone else, Americans and Britons still shun the office
What is their love of working from home doing to their economies?
Published on 21 April 2025 | 3:34 pm
Trump wants a certain kind of immigrant: the uber-rich
He is right that America’s current “golden visa” is under-priced
Published on 20 April 2025 | 4:02 pm
America is turning away China’s goods. Where will they go instead?
South-East Asia is exposed to both Chinese import competition and American ire
Published on 16 April 2025 | 1:20 pm
Stockmarkets do not reward firms for investing in Trump’s America
The perils of reshoring
Published on 16 April 2025 | 1:20 pm
Can the euro go global?
With the dollar faltering, European policymakers have an opportunity
Published on 16 April 2025 | 12:06 pm
Poor countries would miss King Dollar
Even though they normally like a weaker greenback
Published on 16 April 2025 | 12:05 pm
Hell is other people’s currencies
As the Trump administration may soon find out
Published on 16 April 2025 | 12:03 pm
How Trump might topple the dollar
For the first time in many decades, the greenback looks vulnerable
Published on 16 April 2025 | 12:02 pm
Short-term pain, long-term gain, says Trump. Really?
America will be a country with shabbier roads, older airports and more dated factories
Published on 14 April 2025 | 6:23 pm
A flight from the dollar could wreck America’s finances
The currency’s dominance enables very high debts and deficits, meaning a plunge might spell disaster
Published on 13 April 2025 | 1:55 pm
Investors realise Trump’s pause was not the salvation it appeared
As China strikes back, reality sets in
Published on 11 April 2025 | 2:03 pm
Can China fight America alone?
The world’s two biggest economies begin an almighty trade clash
Published on 10 April 2025 | 10:16 am
The tariff madness of King Donald, explained
As his policy turns on a dime, pity those tasked with justifying his actions
Published on 10 April 2025 | 10:13 am
China has a weapon that could hurt America: rare-earth exports
It has only just begun to use it
Published on 10 April 2025 | 10:11 am
America’s financial system came close to the brink
Chaotic markets threatened to trigger a full-blown crisis
Published on 10 April 2025 | 9:35 am
Trump’s tariff pause brings investors relief—but worries remain
Amid market panic, he backs off his most extreme “reciprocal” tariffs
Published on 9 April 2025 | 7:31 pm
Bond-market convulsions look extremely dangerous
Treasury yields and other signs of stress are flashing red
Published on 9 April 2025 | 12:23 pm
Despite the pause, America’s tariffs are the worst ever trade shock
Reed Smoot, eat your heart out
Published on 9 April 2025 | 9:14 am
How to charm Donald Trump
Over the next 90 days, countries must work out what America’s president wants
Published on 8 April 2025 | 7:15 pm
Why China thinks it might win a trade war with Trump
The country’s officials vow to “fight to the end”
Published on 8 April 2025 | 2:43 pm
Where real danger might lurk in chaotic markets
The worry is that wild swings could cause their own damage
Published on 7 April 2025 | 8:05 pm
Market carnage goes global
As stockmarkets plunge, Donald Trump seems untroubled. That is scary
Published on 7 April 2025 | 12:05 pm
Trump’s trade war threatens a global recession
Investors are worried. At least the economy is starting from a position of strength
Published on 6 April 2025 | 3:51 pm
Trump has exposed America’s world-leading firms to retaliation
At companies from Alphabet to Goldman Sachs, bosses will be holding their breath
Published on 5 April 2025 | 6:17 pm
Five crazy Trump tariffs you wouldn’t believe
Saint Pierre and Miquelon earns a dubious honour
Published on 5 April 2025 | 2:16 pm
China hits back hard against Trump’s tariffs
Stockmarkets plunge further in response
Published on 4 April 2025 | 4:55 pm
How worrying is the weakening dollar?
In times of trouble, the greenback normally strengthens
Published on 4 April 2025 | 4:05 pm
What America’s stockmarket plunge means
Farewell to 15 years of exceptionalism?
Published on 3 April 2025 | 8:49 pm
Financial markets flail in the face of America’s tariffs
Asia is hit hardest, but nowhere looks good
Published on 3 April 2025 | 10:35 am
What a refugee camp reveals about economics
In Dzaleka, Malawi, everyone receives $9 a month
Published on 3 April 2025 | 9:50 am
Tin, an overlooked critical metal, is enjoying a boom
Prized and in short supply, its price is very volatile
Published on 3 April 2025 | 9:50 am
How Milei made Argentina deserving of an IMF bail-out
He offers the only way out of a supremely difficult situation
Published on 3 April 2025 | 9:31 am
Trump takes America’s trade policies back to the 19th century
The president jacks up tariffs on all countries, with particularly sharp rises for much of Asia
Published on 3 April 2025 | 12:06 am
The American government’s accidental private-credit subsidy
How a Depression-era lending scheme became a trillion-dollar wheeze
Published on 2 April 2025 | 9:53 pm
Can the world’s free-traders withstand Trump’s attack?
Much will depend on the courage of Europe
Published on 2 April 2025 | 3:48 pm
Trump’s “Liberation Day” is set to whack America’s economy
A rush of new tariffs will hurt growth, raise prices and worsen inequality
Published on 30 March 2025 | 1:56 pm
Even priests need the free market
What clergymen can learn from economists
Published on 27 March 2025 | 11:08 am
Can foreign investors learn to love China again?
Wall Street still needs more to coax it back. But non-American firms may be ready to return
Published on 27 March 2025 | 11:07 am
The surging gold price is boosting Central Asia’s economies
But foreign investors might want to tread carefully
Published on 27 March 2025 | 11:06 am
Nubank has conquered Brazil. Now it is expanding overseas
The country’s struggling economy provides a push
Published on 27 March 2025 | 11:05 am
Trump’s tariff pain: the growing evidence
As “liberation day” nears, American businesses suffer
Published on 25 March 2025 | 9:43 pm
How Europe can hurt Russia’s economy
Even if America lifts sanctions, the old continent has its own weapons
Published on 24 March 2025 | 8:01 pm
Live music seems recession-proof. Thank ticket scalpers
When demand softens, the secondary market absorbs the pain
Published on 23 March 2025 | 3:16 pm
Even the Trumpiest stocks are suffering
Investors may have misjudged which firms would thrive under the new administration
Published on 20 March 2025 | 10:37 am
Beneath investors’ feet, the ground is shifting
More remarkable than slumping share prices are the forces behind them
Published on 19 March 2025 | 6:57 pm
The Trump administration is playing a dangerous stockmarket game
American investors are extremely exposed to a sell-off—and so is the economy
Published on 19 March 2025 | 4:53 pm
America’s Democrats should embrace “abundance liberalism”
Two new books contain much to commend them
Published on 18 March 2025 | 6:16 pm
Where will be the next electric-vehicle superpower?
Three Asian countries make their pitch
Published on 18 March 2025 | 4:01 pm
Can anything get China’s shoppers to spend?
An economic recovery depends on it. Yet a new action plan may not do the job
Published on 17 March 2025 | 7:25 pm
Why rents are rising too fast
Rich-world tenants are angry, and have reason to be
Published on 16 March 2025 | 11:20 am
Can Europe cope with a free-spending Germany?
Pity the continent’s exporters
Published on 13 March 2025 | 11:37 am
More testosterone means higher pay—for some men
A changing appetite for status games could play a role
Published on 13 March 2025 | 11:15 am
Why “labour shortages” don’t really exist
Use the term, and you are almost always a bad economist or a special pleader
Published on 13 March 2025 | 10:51 am
Your guide to the new anti-immigration argument
Nativists say that migrants raise house prices, cost money and undermine economic growth. Do they have a point?
Published on 13 March 2025 | 10:47 am
What sparks an investing revolution?
Ideas that emerged from the University of Chicago in the 1960s changed the world. But as a new film shows, they almost didn’t
Published on 12 March 2025 | 7:25 pm
Will America’s stockmarket convulsions spread?
Investors are hurrying to find alternatives—but all face difficulties of their own
Published on 11 March 2025 | 6:50 pm
How Trump provoked a stockmarket sell-off
Will the president win back investors? Does he even want to?
Published on 10 March 2025 | 10:08 pm
Does Trump really want a weaker dollar?
Overturning three decades of American policy will not be painless
Published on 9 March 2025 | 3:41 pm
Investors think the Russia-Ukraine war will end soon
The prospect of peace is reshaping markets, in ways both ominous and promising
Published on 9 March 2025 | 3:36 pm
Donald Trump’s tariffs are a throwback to the 1930s
“Economic nationalism”, our predecessors wrote, “is almost an American invention”
Published on 6 March 2025 | 2:35 pm
Aid cannot make poor countries rich
For decades, officials have promised to raise economic growth. For decades, they have failed
Published on 6 March 2025 | 10:37 am
It is not the economic impact of tariffs that is most worrying
What are the lessons of the 1930s?
Published on 6 March 2025 | 10:34 am
Trump’s tariff turbulence is worse than anyone imagined
Even his concessions are less generous than expected
Published on 5 March 2025 | 9:37 pm
Why silver is the new gold
Safe-haven demand and solar panels have sent its price soaring
Published on 5 March 2025 | 7:34 pm
Trump’s new tariffs are his most extreme ever
America targets its three biggest trading partners: Canada, Mexico and China
Published on 3 March 2025 | 11:16 pm
El Salvador’s wild crypto experiment ends in failure
Its curtailment is the price of an IMF bail-out. And one worth paying
Published on 2 March 2025 | 2:26 pm
America is at risk of a Trumpian economic slowdown
Protectionist threats and erratic policies are combining to hurt growth
Published on 2 March 2025 | 2:20 pm
India has undermined a popular myth about development
Extreme poverty in the country has dropped to negligible levels
Published on 27 February 2025 | 10:55 am
How to get rich in 2025
Forget about your career. Today an inheritance is what matters
Published on 27 February 2025 | 10:48 am
How cheap can investing get?
The answer depends on whether speculators resist zany ETFs
Published on 26 February 2025 | 6:53 pm
Meet Trump’s fiercest opponent: the bond market
Treasury yields are falling sharply. But not for the president’s desired reasons
Published on 25 February 2025 | 8:11 pm
Stablecoins: the real crypto craze
Policymakers are racing to catch up with their rapid rise
Published on 23 February 2025 | 1:04 pm
Why American credit-card delinquencies have suddenly shot up
They are now at a 13-year high. How concerned should you be?
Published on 20 February 2025 | 11:16 am
China’s leaders look to have blinked in their property face-off
They did not want to bail out indebted firms. Now they are on the verge of doing so
Published on 20 February 2025 | 11:11 am
Donald Trump’s reciprocal tariffs are absurd
At first glance, they are a bureaucratic nightmare. On a closer look, they are even worse
Published on 20 February 2025 | 11:03 am
To spend big, Germany’s next government may need EU help
How self-imposed constraints could lead to a bizarre outcome
Published on 20 February 2025 | 10:55 am
Investors fear inflation is coming back. They may be right
Is the world about to repeat the mistakes of the 1970s?
Published on 20 February 2025 | 10:45 am
American inflation looks increasingly worrying
Trump’s tariffs are fuelling consumer concerns, which may prove self-fulfilling
Published on 18 February 2025 | 7:25 pm
Will Europe return to Putin’s gas?
A deal with the devil would boost the continent’s miserable economy
Published on 16 February 2025 | 3:03 pm
Cheap solar power is sending electrical grids into a death spiral
Pakistan and South Africa provide a warning for other countries
Published on 13 February 2025 | 11:00 am
Russian inflation is too high. Does that matter?
In a strong economy, price pressure can endure for a long time
Published on 13 February 2025 | 10:55 am
Why you should repay your mortgage early
For the first time in decades, the arithmetic suggests settling housing loans
Published on 13 February 2025 | 10:42 am
How AI will divide the best from the rest
Optimists hope the technology will be a great equaliser. Instead, it looks likely to widen social divides
Published on 13 February 2025 | 10:41 am
The danger of relying on OpenAI’s Deep Research
Economists are in raptures, but they should be careful
Published on 13 February 2025 | 10:27 am
Elon Musk is failing to cut American spending
DOGE has so far disrupted everything in government bar the deficit
Published on 12 February 2025 | 7:11 pm
Donald Trump’s Super Bowl tariffs are an act of self-harm
Duties on aluminium and steel will throttle American industry and fragment global markets
Published on 10 February 2025 | 11:23 pm
Why Donald Trump’s protectionist zeal has only grown
Lessons from a week of chaos
Published on 6 February 2025 | 11:52 am
Narendra Modi is struggling to boost Indian growth
Tax cuts may lift short-term output, but deeper reform is required
Published on 6 February 2025 | 11:20 am
Europe has no escape from stagnation
Things look increasingly dark for the continent
Published on 6 February 2025 | 11:18 am
When will remote workers see their pay cut?
Logging on at home is a perk, yet so far it has not been treated as such
Published on 6 February 2025 | 11:15 am
Tariff uncertainty can be as ruinous as tariffs themselves
Whatever its geopolitical merits, the “madman theory” transfers badly to economics
Published on 6 February 2025 | 11:12 am
Don’t propose with a diamond
Lab-grown gems may destroy both their own value and that of natural rocks, too
Published on 6 February 2025 | 10:32 am
How to invest like a MAGA bigwig
Cannabis, crypto or half of North Dakota?
Published on 5 February 2025 | 6:47 pm
Xi Jinping shows how he will return American fire
China’s trade retaliation carries a warning of worse to come
Published on 4 February 2025 | 4:46 pm
How Trump’s tariff turbulence will cause economic pain
Mexico and Canada win a reprieve, but firms remain rattled
Published on 3 February 2025 | 10:19 pm
Trump’s brutal tariffs far outstrip any he has imposed before
Canada, Mexico and China are going to be made to suffer
Published on 2 February 2025 | 12:05 am
Why your portfolio is less diversified than you might think
The most important idea in modern finance has become maddeningly hard to implement
Published on 30 January 2025 | 11:10 am
Can Germany’s economy stage an unexpected recovery?
The situation is dire, but there are glimmers of hope
Published on 30 January 2025 | 11:09 am
Giorgia Meloni has grand banking ambitions
Will Italy’s nationalist prime minister manage to concentrate financial power?
Published on 30 January 2025 | 11:01 am
Tech tycoons have got the economics of AI wrong
Following DeepSeek’s breakthrough, the Jevons paradox provides less comfort than they imagine
Published on 30 January 2025 | 11:00 am
Donald Trump’s economic warfare has a new front
The president has threatened to blow up the global tax system. Will allies be able to stop him?
Published on 30 January 2025 | 10:58 am
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices
Published on 29 January 2025 | 5:54 pm
Will America’s crypto frenzy end in disaster?
Donald Trump’s team is about to bring digital finance into the mainstream
Published on 26 January 2025 | 4:30 pm
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
Published on 23 January 2025 | 11:23 am
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Published on 23 January 2025 | 11:22 am
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Published on 23 January 2025 | 11:08 am
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
Published on 23 January 2025 | 11:04 am
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt
Published on 23 January 2025 | 10:47 am
China’s financial system is under brutal pressure
When will something break?
Published on 23 January 2025 | 10:45 am
The Arctic: climate change’s great economic opportunity
An enormous prize is on offer. When might it be grasped?
Published on 23 January 2025 | 10:41 am
Donald Trump issues fresh tariff threats
But it may be a while before he unleashes a universal levy
Published on 20 January 2025 | 9:15 pm
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
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
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