From the editor-in-chief...

“The failure of economists to forecast recessions is virtually unblemished,” notes Prakash Loungani, assistant director at the International Monetary Fund (IMF). This includes the economists at the IM

We are in a real-life game of Risk. In 2019, Fiona Hill, an official at the US National Security Council during Donald Trump’s first term, said the Russians had informally proposed a plan whereby they

In May 2008, I was in Ireland on a holiday I eventually had to cut short because the property and credit bubble had made everything absurdly expensive and blown my budget. One day, I fell into convers

The winners and losers of 2025 It felt ...

There is good news and bad news about the prospects for the UK economy. First, the good news. The UK’s problems are relatively easily solved. A lot of money is pointlessly being thrown down the drain

Issue of the week: Venezuela and the markets ...