Our coverage of global economics, from inflation-fighting central banks to apprehensive financial markets

The global economy faces an exceptional moment of uncertainty. High and persistent inflation has led central banks to raise interest rates rapidly. Monetary tightening has caused banks to fail in America and house prices to wobble across the rich world. China has reopened its economy, having abandoned its “zero-covid” policy, but has not yet grown as fast as investors predicted. Still, many economies are proving surprisingly resilient to the forces that are buffeting them. The euro zone has technically entered a recession but remains stronger than feared, helped by the partial reversal of the surge in energy prices that followed Russia’s invasion of Ukraine. And labour markets continue to be strong. Read our latest economy news and analysis below to understand what is going on, why, and what may happen next.

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The US economy

Forget the shutdown. America’s real fiscal worry is rising bond yields

Watch Wall Street, not Washington

The resumption of student-loan payments will hit American growth

It is not just borrowers who face a return to reality

The pandemic has broken a closely followed survey of sentiment

Americans’ opinions about the state of the economy have diverged from reality

The $100trn battle for the world’s wealthiest people

Two financial giants look likely to crush the competition

America’s bosses just won’t quit. That could spell trouble

Bob Iger is not the only one hanging around for too long

A strike at Chevron shows a reinvigorated union movement

Workers are taking on more American firms—at home and abroad

How can American house prices still be rising?

China’s economy

The city that encapsulates China’s economic stagnation

Zhengzhou’s experience suggests that local problems will be hard to fix

Politics hamper China’s efforts to stimulate the economy

The prime minister is weak and the president frugal

Does China face a lost decade?

Xi Jinping has the tools to escape Japan’s fate. He should use them

China’s slowdown is rattling Asian economies

Governments are rushing to limit the damage

The path ahead for China’s Belt and Road Initiative

Now ten years old, China’s global infrastructure-building plan enters a new stage

Why China’s economy won’t be fixed

An increasingly autocratic government is making bad decisions

Russia’s economy

The costs of Russia’s war are about to hit home

Vladimir Putin will be unable to protect citizens from the pain

A higher global oil price will help Russia pay for its war

The Kremlin tries new tactics to keep proceeds afloat

Russia will struggle to cope with a sinking rouble

What does the currency’s collapse mean for Vladimir Putin’s ability to wage war?

How Russia dodges diesel sanctions

Restrictions are bringing easy bucks to those who do not observe them

Buyers of Russian crude are exporting refined oil to the West

The price-cap scheme has created opportunities for middlemen

Asia’s economies

Sri Lanka shows how broken debt negotiations have become

The country’s creditors decide they have no choice but to freeze out China

What Asia’s economic revolution means for the world

Links between the region’s countries are getting stronger. But America’s loss is not entirely China’s gain

How Asia is reinventing its economic model

The continent’s future will involve less Western influence

Modi’s “one India” goal is good for the economy, but not for politics

In the next decade regional tensions will build in India

The end of a remarkable era in Indian finance

Uday Kotak, one of the past century’s great bankers, retired on September 1st

The Gulf countries want to reshape the Middle East in their image

Stability and development is a tempting formula, but it has been tried before

Europe’s economies

Why Britain has a unique problem with economic inactivity

A series of policy blunders is to blame

German builders are on the brink of collapse

The construction industry is being strangled by rising costs and remorseless red tape

Britain’s statisticians fix a blunder and find a bigger economy

The figures used to look abysmal. Now they’re only poor

Europe’s economy looks to be heading for trouble

Will policymakers still lift interest rates?

Germany’s economic model is sputtering. So are its banks

Politicised governance and a diminished private sector undermine competitiveness

Britain’s failed experiment in boosting low-wage sectors

Brexiteers’ plan to choke off immigration from Europe, to boost productivity, has not worked