macroeconomics

IMF raises 2026 growth forecast as AI offsets war shock

The International Monetary Fund nudged up its forecast for global growth this year. It said a surge in artificial intelligence investment is offsetting the energy shock from the Middle East war, but warned that the world economy's ability to absorb…

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Hall and Woodford win Nobel economics prize

American economists Robert E. Hall and Michael Woodford won the 2026 Nobel memorial prize in economics on Monday. The Royal Swedish Academy of Sciences in Stockholm cited their work "for microeconomic foundations of macroeconomic stabilisation". Hall teaches at Stanford University…

US economists Hall, Woodford win Nobel economics prize

The Royal Swedish Academy of Sciences on Monday awarded the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to American economists Robert E. Hall and Michael Woodford "for microeconomic foundations of macroeconomic stabilisation". The Associated Press…

OECD says rich countries face 20 more years of Covid costs

The health and economic impacts of Covid-19 will continue to burden the world's wealthiest nations for another 20 years, the OECD warned in a major report released Tuesday, adding that there is roughly a one-in-two chance of another pandemic of…

BIS chief warns AI boom’s opaque financing poses financial stability risks

The head of the Bank for International Settlements cautioned on Thursday that the rapid expansion of artificial intelligence is creating new risks for global financial stability, with spending on AI infrastructure now large enough to shape macroeconomic conditions worldwide.

Goldman Sachs says global bond yields will stay high

Goldman Sachs The Goldman Sachs Group, Inc. Research warned this week that global bond yields are likely to remain elevated for the foreseeable future, citing persistent fiscal deficits, surging AI-related borrowing, and weakening demand for longer-dated government debt as structural…

China’s August inflation beats forecasts on energy costs, not demand

China's consumer and producer prices both accelerated in August, but the rebound was driven by rising energy and commodity costs tied to the Middle East conflict rather than any meaningful recovery in domestic demand, official data released Wednesday showed.

Economists warn Europe’s wildfires and heatwaves are becoming a macroeconomic threat

Europe is facing its third heatwave in six weeks as wildfires rage across France, Spain and Greece, prompting economists and insurers to warn that extreme summer weather is evolving from a seasonal nuisance into a structural macroeconomic threat.

China’s Li Qiang calls for stronger policy response ahead of GDP data

Chinese Premier Li Qiang on Monday called for "a comprehensive and objective understanding of the current economic situation" and urged stronger counter-cyclical policy adjustments to bolster growth, according to Reuters. The remarks come two days before the National Bureau of…

Bolivia ends 15-year dollar peg, devalues currency by 30%

Bolivia's Finance Ministry on Friday announced the country will abandon its 15-year fixed dollar peg and adopt a flexible exchange-rate system, a landmark policy shift aimed at restoring macroeconomic stability after more than 50 days of protests that brought the…