America is pushing the labour market to its limits
Low unemployment and inflation complicate economic policymaking
BY MANY measures, America’s economy is powering ahead. GDP is on track to grow at around 3% this year, and the unemployment rate is an impressively low 3.9%. For President Donald Trump, it is an unmissable opportunity to gloat. On September 10th he described the economy as “soooo good” and “perhaps the best in our country’s history”. But for others the very same figures present an economic puzzle.
This article appeared in the Finance & economics section of the print edition under the headline “Feeling the heat”
Finance & economics September 15th 2018
- America is pushing the labour market to its limits
- What the sliding lira and economy mean for Turkey’s banks
- Hyperinflation is hard to grasp, harder still to tolerate
- Colombia’s development bank has brought in private-sector discipline
- Money managers and charities are offering joint investment products
- Markets are suffering from a nasty bout of millenarianism
- As regulators circle, China’s fintech giants put the emphasis on tech
- Tariffs may well bring some high-tech manufacturing back to America
From the September 15th 2018 edition
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Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
What Scott Bessent’s appointment means for the Trump administration
The president-elect’s nominee for treasury secretary faces a gruelling job
What Donald Trump and Bernie Sanders get wrong about credit cards
Forget interest rates. Rewards are the real problem
Computers unleashed economic growth. Will artificial intelligence?
Two years after ChatGPT-3.5 arrived, progress has been slower than expected
Should investors just give up on stocks outside America?
No, but it is getting a lot harder to keep the faith