News

A chief economist says Mitch McConnell expects Trump to lose the election — and breaks down why that means there will be no stimulus money until February

Mitch McConnell won’t risk his Senate leadership by forcing fellow Republicans to back a big stimulus bill, as he expects President Donald Trump to lose in November, Ian Shepherdson, Pantheon Macroeconomics’ chief economist, said on Thursday. “McConnell expects Trump to lose, and therefore, for him to spend political capital to […]
A chief economist says Mitch McConnell expects Trump to lose the election — and breaks down why that means there will be no stimulus money until February
Markets

There’s growing evidence that economies which fought coronavirus aggressively at the start of the pandemic are bouncing back faster than those slow to act. Just look at Germany and Vietnam.

A growing body of evidence in the form of economic indicators suggests that the countries that locked down the fastest and in the most aggressive fashion at the start of the coronavirus pandemic are seeing the quickest economic recoveries. Germany and Vietnam are two economies that locked down rapidly early […]
There’s growing evidence that economies which fought coronavirus aggressively at the start of the pandemic are bouncing back faster than those slow to act. Just look at Germany and Vietnam.
Markets

China’s economy has bounced back from coronavirus in a V-shaped recovery, but ‘now comes the hard part,’ analysts say

Chinese industrial production bounced back in a ‘V-shaped’ recovery in April, but research shows its momentum is likely to fade in the short-term. A global rebound may be impacted by slow-moving investment in sectors reliant on household spending, according to Pantheon Macroeconomics. China’s industrial output rose 3.9% in April year-on-year, […]
China’s economy has bounced back from coronavirus in a V-shaped recovery, but ‘now comes the hard part,’ analysts say
News

2 charts show how the coronavirus is spreading faster outside China, and the next wave of catastrophe could be across Europe

Two charts exploring increases in new coronavirus cases indicate worrying trends for countries outside China and European countries outside Italy. The charts, published by economic research consultancy Pantheon Macroeconomics, showed a sharp rise in new cases in European countries outside Italy, the worst-affected country outside China, on Tuesday. Global growth […]
2 charts show how the coronavirus is spreading faster outside China, and the next wave of catastrophe could be across Europe
News

Trump’s latest tariffs are about to hit you where it really hurts

President Donald Trump’s newest round of tariffs on $US200 billion worth of Chinese goods adds a new element to the trade war. For the first time, consumer goods are going to be directly hit by the new 10% duty, likely causing an immediate increase in prices for US shoppers. The […]
Trump’s latest tariffs are about to hit you where it really hurts
News

The best of 2018 may already be over for the pound

The pound has appreciated aggressively against the dollar in 2018, partly down to weakness in the US dollar. Part of its strength has been related to rising market expectations that Britain will avoid a hard Brexit. That means that much of sterling’s rally for the year is over, and sterling […]
The best of 2018 may already be over for the pound