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Daily chart: Rolling back the years

02.23.2012 · Posted in Economy

America has lost almost a decade of progress to the financial crisis TALK of a Japanese style "lost decade" has abounded ever since the financial crisis took hold in 2008. The Economist has crunched the numbers and on the basis of seven indicators covering economic output, wealth and labour markets, the United States has already ...

Focus: Borrowing in Asia

02.21.2012 · Posted in Economy

CROSS-BORDER bank lending to Asia’s developing economies has been shrinking recently. European banks in particular have been retrenching as they seek to meet new capital targets. That may prompt many borrowers to turn instead to the capital markets—as they did during the last financial crisis. ...

The Greek crisis: The end of the marathon?

02.21.2012 · Posted in Economy

“I HAVE learnt that marathon is indeed a Greek word.” Thus spoke Olli Rehn, the European monetary affairs commissioner, at the end of a 14-hour negotiating session that produced a second bailout package for Greece this morning. This had been agreed in principle at a European summit in July last year. But political turmoil in ...