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US economy

Opinion | US protectionist craze hasn’t done its economy any favours

by Walter Watson
Opinion | US protectionist craze hasn’t done its economy any favours

Most worrying is what Maurice Obstfeld at the Peterson Institute recently called “a deep distrust of economic openness” – a bipartisan consensus that the open trade which has been nurtured …

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U.S economy is not heading for a recession, says Bank of America CEO

by Ron Morgan
U.S economy is not heading for a recession, says Bank of America CEO

Despite last week’s meltdown in the US stock market and an increase of 4.3% in unemployment, CEO of Bank of America, Brian Moynihan, has said that he has not seen …

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US election 2024: Trump plans to ‘reignite’ inflation, warn Nobel Prize-winning economists

by Walter Watson
US election 2024: Trump plans to ‘reignite’ inflation, warn Nobel Prize-winning economists

Sixteen Nobel Prize-winning economists signed a letter on Tuesday warning that the US and world economy will suffer if Republican presidential candidate Donald Trump wins the US presidential election in …

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Opinion | The defining economic issue of 2024 US election is cost of living

by Walter Watson
Opinion | The defining economic issue of 2024 US election is cost of living

Economists are struggling to reconcile their upbeat views on the US economy with the angst of average Americans. The key measures of economic performance – growth, unemployment and inflation – …

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Hong Kong stocks rise fueled by bets of stability in China property, growing US rate cut hopes

by Anas Siddiqui
Hong Kong stocks rise fueled by bets of stability in China property, growing US rate cut hopes

Hong Kong stocks gained, bucking the broader downtrend in the region, as investors remained confident about China’s economic recovery and the probability of a soft landing in its crisis-hit property …

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Opinion | Why a second Trump term is a risk investors can’t afford to ignore

by Anas Siddiqui
Opinion | Why a second Trump term is a risk investors can’t afford to ignore

If this year’s US presidential election were held today, former president Donald Trump would probably win. While much can happen between now and November 5, things are not looking good …

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Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

by Walter Watson
Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

“The US’ pursuit of anti-globalisation, decoupling and disconnection has resulted in a mismatch of global resources, as well as supply and demand, which will inevitably impose further constraints on the …

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Opinion | Why Biden won’t beat China by out-Trumping Trump on trade tariffs

by Ron Morgan
Opinion | Why Biden won’t beat China by out-Trumping Trump on trade tariffs

Last week, Biden announced a 100 per cent tariff on electric vehicles (EVs) from China, roughly a quadrupling of earlier levies. Tariffs are also surging on solar cells, advanced batteries, …

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Opinion | Suddenly, the US bull market isn’t looking so great

by Walter Watson
Opinion | Suddenly, the US bull market isn’t looking so great

I am not alone in this view. My former Far Eastern Economic Review colleague Christopher Wood (now the global head of equity strategy at investment bank Jefferies) observed in a …

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Opinion | Why we better not count on US interest rate cuts this year

by Anas Siddiqui
Opinion | Why we better not count on US interest rate cuts this year

At the end of 2023, bond markets were pricing in 1.5 percentage points worth of monetary easing this year, with the first reduction expected in March. By the end of …

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