Category: Economics
The Guardian view on globalisation: its death is the making of it | Editorial
Editorial: We may be at a turning point in the nature of capitalism. That may not be such a bad thing. Ever since US presidential candidates railed against free trade, and anti-immigrant parties madesweeping gains in Europe, the question has been asked: are we witnessing the demiseof globalisation? A trend that has dominated economics and […]
Greek prime minister reshuffles cabinet to boost bailout reforms
Alexis Tsipras says time has come to speed up measures agreed with the country’s international creditors. The Greek prime minister, Alexis Tsipras, has reshuffled his government to boost bailout reforms in the hope of getting the EU to agree to critical debt relief by the end of the year. Heralding a new political era for […]
Natural disasters push 26m into poverty each year, says World Bank
Study finds floods, storms and droughts cost global economy $520bn a year and highlights need to tackle climate change. Floods, earthquakes, tsunamis and other extreme natural disasters push 26 million people into poverty each year and cost the global economy more than half a trillion dollars in lost consumption, the World Bank has said. A […]
Economic woes create anti-establishment movements around the world
In some western countries frustration with the status quo is boosting populist and rightwing political parties The US is not the only western nation to be undergoing political ructions over the faltering post-crisis recovery. New counter-establishment parties have emerged in several countries and, as in the UK, people have voted for dramatic change. Meanwhile, theres […]
Prepare for the next recession while you can
Governments should start normalising monetary policy and cutting public debt before the next economic downturn hits them. Economic forecasts for 2017 project continued frailty in the global economy, and subpar growth for most countries and regions. Obvious economic problems include Europes weak banks, Chinas distorted property market, political uncertainty in the west, historically high private […]