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The global economy: reasons to be cheerful

The conventional wisdom about the state of the world economy goes something like this: since the start of the 2007-2008 financial crisis, the developed world has struggled to recover, with only the United States able to adjust.

Sunset in Tokyo, Japan

The verdict on Abenomics, one year on

Almost a year on from when Japanese Prime Minister Shinzo Abe voiced the need for radical change to kick-start Japan's moribund economy, analysts remain divided over the success of 'Abenomics.'

Bank Of England Building

Super Thursday: Bank of England votes 8-1 to hold interest rates

Just one member of the Bank of England’s rate-setting committee voted to raise interest rates from their record low of 0.5%, confounding City expectations that Threadneedle Street would use “Super Thursday” to send a strong signal that the era of ultra-low borrowing costs is coming to an end.

American flag

The lost decade of the top U.S.1%

Incomes for the top U.S. 1 percent have surged since the financial crisis, but are still well below their peak in 2007, according to new data released by the IRS.


Mark Carney

Mark Carney: Bank of England will not take policy instructions from politicians

The Bank of England will not take instructions on its policies from politicians, its governor, Mark Carney, has said, just a week after Theresa May took a swipe at the impact of the Bank’s actions on “ordinary” people. Speaking at Birmingham town hall as part of the Bank’s Future Forum event on Friday, Carney said it became difficult for the Bank when politicians commented on its policies rather than its objectives.