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US economic growth and recession

March 2024

  • Marble building with eagle figure

    US inflation ticks up as Biden puts economy at heart of re-election bid

    Consumer price index rose at annual pace of 3.2% in February, up slightly from 3.1% the previous month

December 2023

  • A Volkswagen employee works on an ID.3 car in the assembly line during the production of the electric car at Zwickau, Germany, in 2020.

    Business live
    Brexit car tariffs to be suspended for three years as EU protects car exports – as it happened

    Live, rolling coverage of business, economics and financial markets as Bank of England’s Andrew Bailey calls for UK to ‘embrace AI’

November 2023

  • Lanterns illuminate Chinatown along Grant Avenue in San Francisco, Wednesday, Nov. 8, 2023. San Francisco's Chinatown was hit hard by the pandemic as tourism dried up. Leaders in the community hope to use next week's Asia-Pacific Economic Cooperation leaders' summit to declare that Chinatown is back and ready for business. (AP Photo/Eric Risberg)

    One shared dream of China and America

    Letter: The Asia-Pacific Economic Cooperation summit in San Francisco is a reminder of the history of US-China relations, writes Hugo Wong

October 2023

  • Shoppers on a wet Oxford Street in London

    UK interest rates will need to stay high into 2024, warns IMF

  • A sign in Tokyo shows the stock exchange down 600 points in morning trading.

    Bond market sell-off sends UK long-term borrowing cost to 25-year high

August 2023

  • Robert Reich

    Biden is turning away from free trade – and that’s a great thing

    Robert Reich
  • Robert Reich

    ‘Bidenomics’ is working – which means Biden and the Democrats may win too

    Robert Reich

June 2023

  • Will Hutton

    So what if Biden trips up? On the political stage his footwork is the fanciest seen in decades

    Will Hutton
    The president has outmanoeuvred his opponents again and shown that the right, both in the US and the UK, has no riposte to his brand of economics

March 2023

  • Robert Reich

    US banks want socialism for themselves - and capitalism for everyone else

    Robert Reich
  • Robert Reich

    The US central bank is poised to cause untold hardship to millions of Americans

    Robert Reich

October 2022

  • Boris Johnson

    The Observer view on why a general election in Britain is now essential

    The Conservatives want to foist another prime minister upon the country but they must not be allowed to do more harm

September 2022

  • Will Hutton

    Rishi Sunak said it was fairytale economics. That was one thing he got right

    Will Hutton
    The markets have no faith in the mini-budget and the British people will soon feel its effects

August 2022

  • A picture of sign saying "businesses open as usual" on a UK high street.

    Business live
    UK economy shrank in second quarter according to poll of economists – as it happened

    Rolling live coverage of business, economics and financial markets as analysts weigh risk of recessions across the world

July 2022

  • Job gains in June were notable in the professional and business services, leisure and hospitality, and healthcare.

    US adds 372,000 jobs in June as growth exceeds expectations

    US unemployment rate held steady at 3.6%, labor department said, as jobs report indicated resilience

June 2022

  • Jerome Powell

    Markets brace for sharpest rise in US interest rates in almost 30 years

    Federal Reserve expected to increase cost of borrowing by 0.75 percentage points to curb rising inflation

March 2022

  • A Quality Inn hotel sign displays text reading "Walk in Welcome. Hot Breakfast. Now Hiring." in Tampa, Florida.

    US jobs numbers beat predictions, with 200,000 new jobs added in February

    Economists say that the pressure for higher wages appeared to be subsiding and labor shortages easing

October 2021

  • Power plant in Hubei, China

    How Covid spread fear of globalisation and threatens a new world order

    From China backtracking on coal to Britain’s ‘chicken king’ calling for a rethink of food production, the virus has accelerated nationalist impulses towards autarky

June 2021

  • A waitress serves drinks at tables outside a pub in Soho, London

    Business leader
    GDP rises and suddenly everyone’s afraid of the big, bad inflation beast

    Investors are obsessed with the idea of soaring prices, but a glance at the past decade shows there is not much to fear

February 2021

  • Piles of pound coins

    Sterling reaches $1.39 in best performance for three years

    FTSE 100 posts biggest daily gain for over a month as investors buoyed up by vaccine and US economy hopes

November 2020

  • Nicholas Stern, the former chief economist of the World Bank, calls climate change the ‘greatest and widest-ranging market failure ever seen.’

    The 'market' won't save us from climate disaster. We must rethink our system

    Robert S Devine
    Expecting the free market to fix global warming is like trying to pound nails with a saw
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