Economy
Our coverage of global economics, from inflation-fighting central banks to apprehensive financial markets
The US economy
Trumponomics 2.0 will erode the foundations of America’s prosperity
The Big Beautiful Bill is symptomatic of a wider malaise
The big beautiful bill reveals the hollowness of Trumponomics
Republicans mark America’s birthday with a profligate but insubstantial law
Congestion pricing in Manhattan is a predictable success
So why on earth did it take so long to start?
Make America French Again
Gallic lessons for the American private sector
China’s economy
Xi Jinping wages war on price wars
Unfortunately for China’s leader, his own policies are often to blame for them
China’s growth targets cause headaches—even when met
Local officials wrestle with competing incentives
It’s not just Labubu dolls. Chinese brands are booming
They are winning customers at home and abroad
Can China reclaim its IPO crown?
Hong Kong is hot. The mainland very much is not
Russia’s economy
Vladimir Putin’s money machine is sputtering
After years of resilience, Russia’s economy is slowing down
How Europe can hurt Russia’s economy
Even if America lifts sanctions, the old continent has its own weapons
Russian inflation is too high. Does that matter?
In a strong economy, price pressure can endure for a long time
Russia’s plunging currency spells trouble for its war effort
Supplies from China are about to become more expensive
Asia’s economies
India’s Licence Raj offers America important lessons
Even when a protectionist system is dismantled, its problems can endure
Japan’s government bonds: this time it won’t end well
Even as interest costs mount, politicians promise handouts
Can India really innovate?
It has won the iPhone wars. What next?
Vietnam’s economy is booming, but its new leader is worried
Export-led growth may soon run out of steam
Europe’s economies
Labour is bungling its growth “mission”
Blame poor preparation and a habit of picking the wrong fights
Britain’s industrial strategy is unlikely to boost its economy
But it does at least focus on some of the right problems
Germany is embarking on an almighty borrowing binge
It is not without risks
Rachel Reeves’s big-government rhetoric is a worrying sign for Britain
The country needs defence spending and nuclear power, but not more social housing
Latest coverage
Finance & economics
How America’s economy is dodging disaster
It is astonishingly dynamic, even under the weight of tariffs
China
China’s growth targets cause headaches—even when met
Local officials wrestle with competing incentives
Finance & economics
Inside Iran’s war economy
Airstrikes and sanctions leave the country poor. They do little to halt its nuclear development
Leaders
Trumponomics 2.0 will erode the foundations of America’s prosperity
The Big Beautiful Bill is symptomatic of a wider malaise
Britain
Labour is bungling its growth “mission”
Blame poor preparation and a habit of picking the wrong fights
Finance & economics
Xi Jinping wages war on price wars
Unfortunately for China’s leader, his own policies are often to blame for them
Leaders
How the defence bonanza will reshape the global economy
As they spend big, politicians must resist using one pot of money to achieve many goals
Britain
Britain’s industrial strategy is unlikely to boost its economy
But it does at least focus on some of the right problems
Business
It’s not just Labubu dolls. Chinese brands are booming
They are winning customers at home and abroad
Leaders
Japan’s government bonds: this time it won’t end well
Even as interest costs mount, politicians promise handouts
Briefing
China’s “low-altitude economy” is taking off
The authorities have found a new industry they want Chinese firms to dominate