Economy

Our coverage of global economics, from inflation-fighting central banks to apprehensive financial markets

Data

American consumers are finally cheering up

Much to the relief of Joe Biden

The world’s richest countries in 2023

Our ranking compares economies in three different ways


These are the world’s most expensive cities

EIU’s cost-of-living index shows where prices are highest


Which city is the cheapest in the world?

The cost of living there is a little over a tenth of what it is in New York


What Donald Trump can learn from the Big Mac index

Should the presidential candidate go on another crusade against the yuan?


The US economy

Donald Trump’s trade hawk is plotting behind bars

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

The cracks in America’s ultra-strong labour market

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


Is America’s economy heading for a consumer crunch?

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


America is in the midst of an extraordinary startup boom

How the country revived its go-getting spirit

America’s 100% tariffs on Chinese EVs: bad policy, worse leadership

The global trade system is disintegrating as you read this

Joe Biden, master oil trader

The president has turned volatility into profit

Biden outdoes Trump with ultra-high China tariffs



China’s economy

China’s currency is not as influential as once imagined

Its share of international reserves has stalled

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


China’s economic model retains a dangerous allure

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


Xi Jinping’s surprising new source of economic advice

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

Has China reached peak emissions?

It hopes to de-link its carbon emissions from economic growth

Even Xi Jinping is struggling to fix regional inequality

Will China’s vast hinterland ever catch up with its wealthy coast?



Russia’s economy

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

Hopes of a Chinese rescue look increasingly vain


Frozen Russian assets will soon pay for Ukraine’s war

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


How a Russia-linked mine may keep the ANC in power

South Africa’s ruling party was broke a few months ago, but its fortunes are changing


Asia’s economies

Will India’s new government turbocharge the fight against poverty?

India and China have taken very different approaches to the problem

Japanese businesses are trapped between America and China

Could geopolitics kill off an incipient corporate revival?


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

Without improvements, it risks wasting trillions of rupees


Singapore has achieved astounding economic success

Can Lawrence Wong, its incoming PM, oversee further growth?

Japan is wrong to try to prop up the yen

Supporting the currency is expensive and futile

How strong is India’s economy?

It isn’t the next China, but it could still transform itself and the world



Europe’s economies

Can Britain’s economy grow as fast as it needs to?

Labour is banking on a big upswing in growth. It will struggle to get one


Is Britain levelling up?

Some town centres are getting prettier. Yawning economic gaps remain


Threats to Europe’s economy are mounting. Finance can help fortify it

Time to press ahead with banking and capital-market reforms