A global recession is not in prospect
That will be a relief to investors everywhere
A weak jobs report in America has raised fears that the world’s largest economy is heading for recession. America’s stockmarkets have tumbled, with fear spreading to other countries. Japan’s Topix index is 15% off its recent high; Germany’s main index is down by 7%. When America sneezes, everywhere catches a cold.
This article appeared in the Finance & economics section of the print edition under the headline “Take a deep breath”
Finance & economics August 10th 2024
- The stockmarket rout may not be over
- A global recession is not in prospect
- The Big Mac index: where to buy a cheap hamburger
- How Chinese shoppers downgraded their ambition
- Why Warren Buffett has built a mighty cash mountain
- Africa’s two most populous economies brave tough reforms
- Should central bankers argue in public?
From the August 10th 2024 edition
Discover stories from this section and more in the list of contents
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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