Economy News

Wednesday, November 30, 2016

Steven Mnuchin expected to be named US Treasury secretary

Anticipated appointment of ex-Goldman Sachs banker appears to contradict Donald Trump’s hostility to the business elite
Steven Mnuchin on a gold escalator at Trump Tower

The Trump effect has rallied the US markets – but what next? Mohamed El-Erian

The new president should seize the chance to tackle issues such as investment, tax reform and job creation
Donald Trump: is the only way up for the US markets?


Tuesday, November 15, 2016

Joseph Stiglitz: what the US economy needs from Donald Trump

The US flag sits by piles of US coins
 Over the last 30 years, the rules of America’s economic system have been rewritten in ways that serve a few at the top, while harming the economy as a whole, writes Joseph Stiglitz. Photograph: Jamie Grill/Getty/Blend
Donald Trump’s astonishing victory in the US presidential election has made one thing abundantly clear: too many Americans – particularly white male Americans – feel left behind. It is not just a feeling, it can be seen in the data no less clearly than in their anger. And, as I have argued repeatedly, an economic system that doesn’t deliver for large parts of the population is a failed economic system. So what should President-elect Trump do about it?

Trump's Nafta threats would severely harm US, Mexican chief negotiator says

nieto trump
 The Mexican president, Enrique Peña Nieto, met with Donald Trump before the Republican candidate won the November election. Photograph: Yuri Cortez/AFP/Getty Images

Donald Trump’s pledge to rip up existing trade deals with Mexico would inflict substantial damage on the US economy and kill the region’s competitiveness on the world stage, according to the Mexican economist who led the country’s trade talks with the US.

Sunday, November 13, 2016

Obama administration suspends Pacific trade deal vote effort

Obama administration suspends Pacific trade deal vote effort
U.S. President Barack Obama delivers a statement the morning after Donald Trump was elected as the next U.S. president in Washington, U.S., November 9, 2016. Photo by Reuters/Kevin Lamarque

The Trans-Pacific Partnership's fate is up to Trump and Republican lawmakers.

U.S. President Barack Obama's administration has suspended its efforts to win congressional approval for his Asian free-trade deal before President-elect Donald Trump takes office, saying on Friday that TPP's fate was up to Trump and Republican lawmakers.

He’s right, the economy is sick – and businesses like Trump’s are part of the disease

Donald Trump in Ambridge, Pennsylvania
 Donald Trump exploits anger over lost jobs in Ambridge, Pennsylvania, named after the American Bridge Company, a steel fabricating plant that once employed 60,000 people. Photograph: Jeff Swensen/Getty Images

No politician can keep a promise to bring back jobs – especially not Donald Trump

President-elect Donald Trump delivers his acceptance speech in New York
 ‘Donald Trump was addressing widespread anxiety about the loss of jobs to globalisation, to downsizing, and other factors associated with the economic policies of the past 40 years.’ Photograph: Mark Wilson/Getty Images

Donald Trump ran for president with the slogan of “Make America Great Again”. Implicit in this was the idea of making America work again.

Tuesday, November 8, 2016

On the line on election day: eight key issues decided by next US president

a monkey at a park in hunan, china, predicts the US election result using cardboard cutouts of donald trump and hillary clinton
 Decisions taken by a President Trump or a President Clinton could have far-reaching consquences for the US and the world. Photograph: STR/AFP/Getty Images
A panel of eight experts considers the challenges facing either a President Donald Trump or a President Hillary Clinton in major policy areas
  • Inequality, healthcare and corruption: the issues that matter to you in 2016

Greek prime minister reshuffles cabinet to boost bailout reforms

Alexis Tsipras says time has come to speed up measures agreed with the country’s international creditors

Alexis Tsipras and ministers attend a cabinet meeting at the Greek parliament in Athens

Will the US election mean the end of free trade?

Hillary Clinton opposes TPP while Donald Trump threatens tariffs – both their policies will leave most people worse off

Both Donald Trump and Hillary Clinton threaten free trade – for different reasons.