Economy
Our coverage of global economics, from inflation-fighting central banks to apprehensive financial markets
The US economy
The Federal Reserve must soon give Donald Trump bad news
Kevin Warsh, the unlucky new chairman, has seen his case for lower interest rates disintegrate
Will Kevin Warsh Trumpify the Federal Reserve?
The incoming Fed chair says he wants regime change. But a revolution is unlikely
American corporate profits keep shrugging off global tumult
Earnings expectations are through the roof
China’s economy
China is innovative. Its economy is a mess. Which matters more?
A question that will define the 21st century
How big are China’s emerging industries?
Probably not big enough to offset the drag from the old
Xi Jinping wants a powerful currency. America’s war has helped
More countries are starting to use China’s payment infrastructure
Asia’s economies
Pakistan’s deft diplomacy is an economic blessing. And a curse
It allows the country’s rulers to put off necessary reforms
Banyan
The tumbling rupee could be a big problem for Narendra Modi
India’s prime minister knows the risks of a weak currency
South Korea’s AI industrial policy meets the energy shock
The collision will not be pretty
Europe’s economies
A trade war between the EU and China seems inevitable
Europe sees Chinese subsidies, China sees European weakness
The EU wants to unshackle its economy. For real this time
Eurocrats are belatedly developing a healthy distaste for red tape
European policymakers fiddle with energy prices, again
By subsidising fuel, they are delaying adjustments in demand
Russia’s economy
As Russia looks to slash budgets, a village fights to survive
Officials now openly blame the war in Ukraine for cuts to services
Vladimir Putin enjoys a huge windfall from the Iran war
But the sugar high may not last
Russia is not as resilient as it wants you to think
But Vladimir Putin will keep fighting, and claiming victory prematurely
