From Viking sails to international trade, author Kassia St Clair explains how fabric influenced civilization.
Economic growth in the rest of the world will slow next year. And that slowing growth will take a bit of wind out the U.S. economy’s sails. So said Maurice Obstfeld, the outgoing chief economist of the IMF, this past weekend. In other words, despite “America first” rhetoric and increasingly nationalistic economic policies, the United States […]
The International Monetary Fund said Tuesday it’s shaving off some of its earlier optimism about world economic growth over the next couple years. It has downgraded its growth forecast for this year from 3.9 percent to 3.7 percent, and for next year, the IMF has ticked the world’s growth down from 2.7 percent to 2.5 […]
Russian officials were in Turkey on Tuesday, talking with the government there about possible solutions for Turkey’s currency crisis. Both countries are also facing U.S. sanctions, so one idea they floated: Stick to their own national currencies for trade and avoid using the dollar at all. On top of that, Russian Foreign Minister Sergey Lavrov echoed […]
A conversation with Zanny Minton Beddoes, the editor-in-chief of the Economist.
The economy is doing well, but the average person is angry. "The alternative is that you change the social contract," one expert says.
America is less interested in leading the global economy, says the Peterson Institute president. And that could mean trouble.