Why the August Jobs Report Adds Up to a Weak Economy
Americans say the economy is the most important problem facing the country. But major headlines covering the latest jobs report for August do their best to downplay this concern. The New York Times’ headline covering the news was, “August Jobs Report: U.S. Jobs Growth Forges On,” but the economic reality is far less cheerful. Sure, […]
Organised crime groups are hurting Latin America’s economy, says IMF
Transnational criminal gangs have become such a serious problem in Latin America that they are damaging the region’s overall economic performance, according to a top IMF official. Rodrigo Valdés, the fund’s western hemisphere director, said governments in the region needed to work together to fight the illegal groups, whose activities — including drug trafficking, migrant […]
Europe’s economy looks to be heading for trouble
Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Europe’s summer was a strange mixture of heavy rainfall and wildfires. The continent’s economy was also plagued by extremes. Inflation remained hot: prices rose by 5.3% in August compared with a year earlier. And officials […]
China’s economy is in desperate need of rescue
The headlines keep getting worse for China. Consumer prices are falling. America is shunning exports from the country and restricting investment in it. China’s trade with its best customer and biggest rival shrank by a fifth in July compared with a year earlier. The country’s property sector, which has driven more than 20% of its […]
Deflation and default haunt China’s economy
It can sometimes be difficult to wrap one’s head around the world’s second biggest economy. But three headlines in the space of two days—August 8th and 9th—captured the predicament that China now faces. Exports fell by more than 14% in dollar terms. Country Garden, one of the country’s biggest property developers, missed two coupon payments […]
What new norm of slower Chinese growth could mean for the global economy
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government […]
How much trouble is China’s economy in?
When janet yellen visited Beijing this month she did her bit for the local restaurant trade. America’s treasury secretary dined with her team at an establishment known for Yunnanese dishes, which subsequently unveiled a “God of Wealth” menu in her honour. She also hosted a lunch with female entrepreneurs and economists (including a representative of […]
China’s floundering economy is a test for Xi Jinping
When janet yellen visited Beijing this month she did her bit for the local restaurant trade. America’s treasury secretary dined with her team at an establishment known for Yunnanese dishes, which subsequently unveiled a “God of Wealth” menu in her honour. She also hosted a lunch with female entrepreneurs and economists (including a representative of […]
Eurozone economy has slowed sharply, business survey shows
The eurozone economy has slowed sharply, according to a closely watched business survey that indicated that recent growth in the dominant services sector is stalling and price pressures are cooling. The benchmark purchasing managers’ index, a measure of activity in manufacturing and services, fell to a five-month low of 50.3 on Friday’s data, down from […]
China’s economy is on course for a “double dip”
China prides itself on firm, “unswerving” leadership and stable economic growth. That should make its fortunes easy to predict. But in recent months, the world’s second-biggest economy has been full of surprises, wrong-footing seasoned China-watchers and savvy investors alike. In the first three months of this year, for example, China’s economy grew more quickly than […]
