Economy

Our coverage of global economics, from inflation-fighting central banks to apprehensive financial markets

The US economy

An upwards red arrow piercing through some bond notes

Rising bond yields should spur governments to go for growth

The bond sell-off may partly reflect America’s productivity boom

A polar bear, representing Greenland, weaaring a MAGA cap.

An American purchase of Greenland could be the deal of the century

The economics of buying new territory


Donald Trump speaks during a campaign event at Austin-Bergstrom International Airport, USA. Trump stood in front of a poster reading 'Deport Illegals Now'.

Can America’s economy cope with mass deportations?

Production slowdowns, more imports and pricier housing could follow


Will Elon Musk dominate President Trump’s economic policy?

He will face challenges from both America firsters and conservative mainstreamers


China’s economy

Workers work at a construction site in Shanghai

Does China have the fiscal firepower to rescue its economy?

There is a fierce debate over whether it can afford to keep spending

An employee carries a door frame on an electric vehicle (EV) production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province.

China’s firms are taking flight, worrying its rulers

Policymakers at home and abroad are anxious about offshoring


Collage of Xi Jinping and Donald Trump facing off.

How China will strike back at Trump

Xi Jinping has set out his tariff red lines. What if America crosses them?


Hong Kong’s property slump may be terminal

Demographics and geopolitics will make a recovery harder


Russia’s economy

Russian President Vladimir Putin points his right index finger upwards and looks upwards too.

Russia’s plunging currency spells trouble for its war effort

Supplies from China are about to become more expensive

Fighter jets of the Russian Knights aerobatic team are lined up at the China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong Province, China on November 13th 2024

Vladimir Putin is in a painful economic bind

Russia’s reliance on China is becoming a problem


How Vladimir Putin hopes to transform Russian trade

He believes the country’s future lies with China and India. What could go wrong?



Asia’s economies

A worker performs a safety inspection on a vehicle.

Economic bright spots are getting harder to find in Thailand

Falling car production is a sign of a deeper malaise

An illustration of silhouetted figures walking up stairs and reaching a plateau at the top.

The surprising stagnation of Asia’s middle classes

It could shake up everything from profits to politics


An illustration of a cardboard box with writing on the side that reads "FROM: THAILAND, TO: USA" with a postage stamp with the colours of the flag of Thailand. Inside are more cardboard boxes with flags of China and Thailand on one of them.

How South-East Asia can weather the Trump trade typhoon

The complacent region could use an outside jolt



Europe’s economies

The stars of the European Union flag falling down to the bottom of the flag.

Europe could be torn apart by new divisions

The continent is at its most vulnerable in decades

Tall buildings appearing between snow mountains

To see what European business could become, look to the Nordics

The region produces an impressive number of corporate giants


Protesters holding placards demand urgent action on the city's rising rents.

Inflation in Britain looks irritatingly persistent

Worse, the risk has appeared just as growth is sputtering


Which economy did best in 2024?

We rank countries on five measures


Data

Three charts show that America’s imports are booming

Here’s why that could spell trouble

A pedestrian carries a McDonald's bag in San Francisco, California,

The Big Mac index: where to buy a cheap hamburger

Meat-eaters may want to avoid Argentina


The world’s richest countries in 2024

Our annual ranking compares economies in three different ways


The economics of American lotteries

Our analysis shows poorer citizens spend a staggering amount on tickets

Where are Europe’s most expensive cities for renters?

Our “Carrie Bradshaw index” moves across the pond

American consumers are finally cheering up

Much to the relief of Joe Biden

The world’s richest countries in 2023



Latest coverage

Finance & economics

China meets its official growth target. Not everyone is convinced

For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s

Britain

Britain’s government has spooked markets and riled businesses

Tax rises were inevitable. Such a shaky start was not

China

Does China have the fiscal firepower to rescue its economy?

There is a fierce debate over whether it can afford to keep spending

Finance & economics

Europe could be torn apart by new divisions

The continent is at its most vulnerable in decades

Finance & economics

Can America’s economy cope with mass deportations?

Production slowdowns, more imports and pricier housing could follow

Graphic detail

The secret to one of Europe’s best-performing stockmarkets

Its economy is mired in gloom, but its stock exchange is the envy of Europe

Middle East & Africa

Syria’s new rulers have inherited an economic disaster

A legacy of mismanagement and lingering sanctions will make it hard to rebuild the country

Asia

Economic bright spots are getting harder to find in Thailand

Falling car production is a sign of a deeper malaise

Britain

Inflation in Britain looks irritatingly persistent

Worse, the risk has appeared just as growth is sputtering

Middle East & Africa

South Sudan’s economic crisis threatens its fragile peace

It shows what happens when a petrostate’s lifeline disappears overnight

China

How to get a free meal in China

As the economy slows, more restaurants are offering food to those in need

China

China’s economy is in for another rough year

Bold action is needed to turn things around

Europe

Spain shows Europe how to keep up with America’s economy

Reforms a decade ago are bearing fruit with high-tech success

Leaders

What Spain can teach the rest of Europe

Our number-crunching suggests it was the best-performing rich economy in 2024

Asia

Bangladesh’s economic progress may have been hyped

A new report highlights the challenges facing Muhammad Yunus’s interim government

Finance & economics

The Federal Reserve takes on Trump—and stubborn inflation

Time for Jerome Powell to enter the octagon

Next