Consumers are the Atlas holding up the American economy. With the US representing around one-quarter of global output, and with personal consumption accounting for an estimated 70% of US GDP, the willingness and ability of US households to spend, matters. In the period following the...

Despite tight monetary conditions, the global economy held up remarkably well throughout the first half of 2024. From this point on, it appears to be regaining momentum and the onset of policy easing might provide an additional boost. Up to now, decent earnings growth and...

Prior to the invasion of Ukraine in February 2022, the lion’s share of Europe’s energy imports came from Russia. It accounted for 28% of the continent’s total crude oil imports, while Russian pipelines delivered 44% of all imported gas. The outbreak of war and the...

  A study has found that, this summer, Americans wishing to see Taylor Swift’s record-breaking Eras Tour might be better off coming to Europe to do so. With US inflation still uncomfortably above target and the Federal Reserve’s higher-for-even-longer stance boosting the dollar, in some...

    This summer, 16 million visitors are expected to descend upon Paris for the 2024 Olympics. For the host country, the Games can be a costly affair. In 2016, for example, the state of Rio de Janeiro defaulted after event-related costs caused its debt...