As Fortress Russia crumbles, the global economy faces a new world order
Dario Perkins, managing director of global macro at TS Lombard, says: “We always thought this splintering of the global economy into different trade blocs – the US,…
Who will save the world economy?
Gordon Brown’s infamous slip of the tongue gave the House of Commons a rare moment of laughter in the depths of the financial crisis. Overstating his case,…
Britain to suffer weakest growth in G7 as Sunak’s tax raid bites
Paul Dales, an expert at Capital Economics, said: “There is going to be a drag on economic activity relative to if National Insurance wasn’t raised. “The Chancellor…
The monetary props of the global asset boom are rapidly crumbling
It is a fiscal agent, like the Banca d’Italia in the 1970s. Its de facto mandate is to keep insolvent Club Med states afloat and to mask…
Give us seized Russian money to rebuild Ukraine, says central bank chief
Shevchenko’s job as the central bank chief, a role he has held since 2020, has gone well beyond the usual fiddling with interest rates and regulating the…
Let us rebuild using Russia’s frozen assets, Ukraine’s bank chief tells West
Shevchenko’s job as the central bank chief, a role he has held since 2020, has gone well beyond the usual fiddling with interest rates and regulating the…
China risks collapsing the world economy as its zero Covid strategy falls apart
There are a variety of theories about why this is. The most plausible explanation is that vaccines, especially those based on mRNA, were perceived to have side…
How sanctions are crippling the economy of ‘Fortress Russia’
Russians will soon begin to feel the squeeze from sanctions on shop shelves and in prices as countless businesses boycott the country. Apple, the world’s most valuable…
Joe Biden’s solutions are only creating more problems in the US
Biden’s American Rescue Plan – which the President touted throughout his speech as part of the solution to current economic pain – has pumped an additional $1.9…
EU launches trade action against China despite German export fears
The European Commission said China has retaliated with trade restrictions, which “include a refusal to clear Lithuanian goods through customs, rejection of import applications from Lithuania, and…
Britain cannot turn a blind eye to Chinese economic imperialism as war threatens
Some Sri Lankan politicians have gone as far as to suggest China deliberately pushed their country into a debt trap in order to expand China’s sphere of…
Putin threatens to light the fuse on overvalued stock markets
Logically, you would expect it to be the other way around – that the now well-established economic recovery would give renewed momentum to the bull market. But…
The eurozone’s trade deficit exposes its industrial decline
Within that, France is recording massive trade deficits, up to €9.7bn last month, the highest level on record, while the once mighty German trade surplus fell once…
Omicron becomes a blessing in disguise for Britain’s economic recovery
Boris Johnson may feel he has little choice when deciding whether to ditch Plan B. Just as persuasive as the extremely positive omicron data coming out of…
Mario Draghi’s presidential bid spooks Italian investors
Bond markets are gearing up for a return to political turmoil in Rome after a key investor risk gauge hit its highest level in 16 months ahead…
The ‘Putin doctrine’ is an economic catastrophe for Russia’s neighbours
Most of all that is of course a military, diplomatic, strategic and political issue. Western Europe, which should be standing up to Russian aggression, has allowed itself…
Tough road ahead for Liz Truss with ‘Global Britain’ trade deals set to miss targets
The easy yards have already been made. But with a China deal politically fraught, and a lack of interest from the Biden administration pushing a prized transatlantic…
Risk of double dip recessions as inflation and Covid restrictions bite, World Bank warns
Ms Reinhart also warned that worries over heavily indebted companies and stock markets risk tying the hands of central banks in their bid to fight rising inflation,…
UK economy to cast off omicron’s shadow and outpace rest of the G7
“The eurozone economy is probably going to be hit harder by omicron because already in the fourth quarter, before omicron, we saw restrictions in Europe due to…
Europe’s pandemic recovery fund unravels as billions go to old projects
The EU’s flagship recovery stimulus scheme is misfiring, as Germany and Spain use its €725bn to pay for existing projects rather than new investment to drive the…
Omicron is a horrible dilemma for zero-Covid China
The Communist Party has proclaimed zero-Covid status to be a dazzling vindication of Xi Jinping’s rule, presenting the shambolic response of the West as the defining institutional…
Forget being Singapore-on-Thames, we look more like Scunthorpe-on-Thames
Dr Cheang emphasises the fact that government spending in Singapore is less than 20pc of GDP. By contrast, the ratio frequently exceeds 40pc among OECD countries. It…
Britain has much to learn from Singapore’s staggering economic success
Dr Cheang emphasises the fact that government spending in Singapore is less than 20pc of GDP. By contrast, the ratio frequently exceeds 40pc among OECD countries. It…
UK economy to outpace rest of G7 as OECD warns on China’s zero-Covid policy
Despite a downgrade by the club of rich nations to its projection next year from 5.2pc to 4.7pc, the UK will still lead the G7 pack. However,…
A benign omicron may be the answer to our economic prayers
It is almost too good to believe. The days go by and there is still little evidence that the omicron wave in South Africa is leading to…