How the West fell out of love with economic growth
A serious, slow-burning malaise
This year has been a good one for the West. The alliance has surprised observers with its united front against Russian aggression. As authoritarian China suffers one of its weakest periods of growth since Chairman Mao, the American economy roars along. A wave of populism across rich countries, which began in 2016 with Brexit and the election of Donald Trump, looks as if it may have crested.
This article appeared in the Finance & economics section of the print edition under the headline “First-world problems”
Finance & economics December 17th 2022
- How the West fell out of love with economic growth
- The game is up for Sam Bankman-Fried
- America’s inflation fever may be breaking at last
- What an unusual auction says about the art market
- Europe looks increasingly complacent about the winter ahead
- The struggle to put a carbon price on a flight
- The insidious threats to central-bank independence
More from Finance & economics
Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania