Tag: economy

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‘China’s Lehman Brothers moment’: Evergrande crisis rattles economy

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The crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Jinping’s effort to reform the debt-ridden behemoths of the Chinese economy. It could also be the most...

Growth worries hit markets as Fed signals ‘downshift’ in US economy – business live

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Rolling coverage of the latest economic and financial news

Climate impact of a transatlantic flight could cost global economy $3,000

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A return flight from the UK to New York could cost the global economy more than $3,000 (£2,170) in the long run, owing to the effects of the climate crisis, according to a report. Researchers examined the economic cos...

Can the Taliban revive Afghanistan’s shattered economy?

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The Taliban took Afghanistan in a lightning advance through its capitals, exposing the weakness of the Kabul government and humbling the US and its allies. This week’s withdrawal of western forces is their greatest vi...

‘Sharing economy’: mechanic repairs NHS workers’ bikes for free

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After a gruelling shift in a Covid intensive care unit, the last thing Flavio Mendes needed when he clocked off was to find nothing but two cut-through locks where his bicycle used to be. “I just lost it,” recalled th...

China’s economy under pressure as factory growth slows and services contract – business live

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Rolling coverage of the latest economic and financial news

As the economy bounces back, do we sceptics need to say we got it wrong?

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British capitalism seems to be on a roll. A million job vacancies were advertised in July, a new monthly record. Early signs are that unwinding the furlough scheme, now under way, is not going to cause a sharp rise in...

Narendra Modi exploits nationalism to distract Indians from a failing economy

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“Good times are about to arrive,” Narendra Modi tweeted to his followers in May 2014. The result of the 16th general election to the Indian parliament had just been concluded. The National Democratic Alliance, led by ...

Japan’s economy bounces back as Covid restrictions ease

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Japan’s economy recovered strongly in the second quarter to join the turnaround seen across G7 countries as the easing of lockdown restrictions sent consumers rushing to the shops. Beating the expectations of City ana...

UK economy grows for a fifth month as diners rush to cafes and bars

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Britain’s economy grew for a fifth month in June as the reopening of indoor hospitality and visits by patients to their GPs helped boost national output by 1%, official data has shown. Despite the government’s decisio...

Team GB’s successes can give us insight into the country’s economy

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Forget the feelgood factor. The warm glow generated by Team GB winning gold for three-day eventing or the modern pentathlon will quickly fade. Anybody who thinks sporting success will prompt a mini-economic boom is de...

The Guardian view on the UK economy: stuck in a rut of low growth, and politics is to blame

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One of the big battles likely to be fought at Westminster this autumn will be over interest rates. This may seem an odd subject for a political row. Didn’t Gordon Brown remove interest rates from government control mo...

US economy returns to pre-pandemic level but misses growth forecasts

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The US economy has returned to its pre-pandemic level despite growing at a weaker rate than expected in the second quarter. Gross domestic product (GDP) increased at a 6.5% annualised rate in the three months to the e...

Failure to help poor countries fight Covid ‘could cost global economy $4.5tn’

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The world economy risks losing $4.5tn (£3.3tn) from highly-infectious variants of Covid-19 spreading through poor countries where vaccination rates are lower, the International Monetary Fund has warned. Calling on ric...

UK economy growing at fastest rate in 80 years, says forecaster

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The British economy is growing at its fastest pace in 80 years and could recover its pre-pandemic size by the end of this year, according to a leading economic forecaster. Buoyed by the vaccine rollout and a bounce ba...

Don’t be fooled – the UK economy is not having a rerun of the 1970s

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The past few days have had a hint of the late 1970s about them. A shortage of lorry drivers has led to fears of food shortages. Nurses are thinking about taking industrial action over pay. The Bank of England has been...

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