When wealth or income suddenly increases (‘easy money’), this may be directed towards unproductive ‘easy spending’. This column explores
The euro area faces persistently weak productivity growth alongside a sustained trade surplus and a trendless real exchange rate.
To many, the US dollar depreciation following the ‘Liberation Day’ tariff announcement on 2 April 2025 defied conventional wisdom.
The tariff spree during the first 100 days of the current US administration created bewildering economic policy chaos. The
In 2021, China’s electronics exports exceeded those of the other five leading exporters combined. This column analyses the rise
China’s growth model has continued to rely on expanding industrial capacity and exporting to the world, rather than on
The new Trumpian tariffs are not the familiar protectionism G7 nations have applied for decades. Instead of shielding particular
The two most prominent arguments President Trump has advanced for his trade war – both during the early months
Commodity price spikes at the outset of Russia’s full-scale invasion of Ukraine contributed significantly to global inflation in 2022-23,
The world is moving into a period of entrenched manufacturing overcapacity, threatening deflation and stagnant growth. Over the past
When wealth or income suddenly increases (‘easy money’), this may be directed towards unproductive ‘easy spending’. This column explores
The euro area faces persistently weak productivity growth alongside a sustained trade surplus and a trendless real exchange rate.
To many, the US dollar depreciation following the ‘Liberation Day’ tariff announcement on 2 April 2025 defied conventional wisdom.
The tariff spree during the first 100 days of the current US administration created bewildering economic policy chaos. The
In 2021, China’s electronics exports exceeded those of the other five leading exporters combined. This column analyses the rise
China’s growth model has continued to rely on expanding industrial capacity and exporting to the world, rather than on
The new Trumpian tariffs are not the familiar protectionism G7 nations have applied for decades. Instead of shielding particular
The two most prominent arguments President Trump has advanced for his trade war – both during the early months
Commodity price spikes at the outset of Russia’s full-scale invasion of Ukraine contributed significantly to global inflation in 2022-23,
The world is moving into a period of entrenched manufacturing overcapacity, threatening deflation and stagnant growth. Over the past
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