Turkey sees inflation at 28.5% in 2025 with single digits by 2027, programme says
GDP growth seen at 3.3% in 2025. Turkey’s medium-term economic programme forecasts inflation to hit 28.5% in 2025 and 16% in 2026, before reaching single
Gold hovers near record high ahead of US inflation data
ANZ Group raised its year-end gold price forecast on Wednesday to $3,800 per ounce and expects prices to peak near $4,000 by next June. Gold
The (non) effect of tariffs on manufacturing employment
The two most prominent arguments President Trump has advanced for his trade war – both during the early months of his second term, and for
Investor memory and biased beliefs: Evidence from the field
Financial markets are volatile, and research attributes this to highly variable and often irrational investor beliefs. This column uses a large-scale survey of Chinese retail
Chat Bankman-Fried: An experiment on LLM ethics in finance
As large language models gain traction, it is important to ensure that decisions delegated to them comply with ethical and legal principles. This column reports
How to update the EU Merger Guidelines
There is a growing push from certain quarters for the European Commission to weaken merger control in order to spur greater investment and innovation, higher
How Donald Trump should have tackled the US trade deficit
The US trade deficits will have to be reduced materially to prevent a crisis down the road. This column argues that fiscal consolidation, in association
How wage inequality affects the labour movement
The negative correlation between inequality and unionisation rates in the US has been extensively documented, but while the other direction of causality – the impact
How central bankers speak about climate and what this means for financial markets
Central banks have increasingly engaged with climate-related topics in their public communication, but little is known about the drivers and effects of this shift. This
Gender-neutral economics can no longer be the default
Economic research often treats tools such as tariffs, subsides, interest rates, monetary policy, and austerity measures as gender neutral. This column argues that when sex-disaggregated
