The Economist Magazine (November 2, 2023): The latest issue features The contradiction at the heart of the world economy – Threats abound, including higher-for-longer interest rates; Why Israel must fight on – Unless Hamas’s power is broken, peace will remain out of reach; unless Hamas’s power is broken, peace will remain out of reach; Donald Trump’s tariff plans would inflict grievous damage on America and the world – You may think his worst ideas won’t get far. Sadly, on trade he has been singularly influential…

Too good to be true: The contradiction at the heart of the world economy

The world economy is defying gravity. That cannot last. Threats abound, including higher-for-longer interest rates

Even as wars rage and the geopolitical climate darkens, the world economy has been an irrepressible source of cheer. Only a year ago everyone agreed that high interest rates would soon bring about a recession. Now even the optimists have been confounded. America’s economy roared in the third quarter, growing at a stunning annualised pace of 4.9%. Around the world, inflation is falling, unemployment has mostly stayed low and the big central banks may have stopped their monetary tightening. China, stricken by a property crisis, looks likely to benefit from a modest stimulus. Unfortunately, however, this good cheer cannot last. The foundations for today’s growth look unstable. Peer ahead, and threats abound.

Why Israel must fight on

Israel’s bombardment of Gaza is taking a terrible toll. But unless Hamas’s power is broken, peace will remain out of reach

Trade wars: episode II

Donald Trump’s tariff plans would inflict grievous damage on America and the world

You may think his worst ideas won’t get far. Sadly, on trade he has been singularly influential