Many people have asked me about this chart, which appeared in David Smith’s regular (and usually excellent) column in the Sunday Times this weekend. The chart shows that GDP per head has grown much faster since 2016 in the euro area than it has in the UK – ‘nearly three times as fast’, according to … Continue reading Does the UK’s weak growth in GDP per head really “lay bare the full costs of Brexit”?
Category: US economy
What to make of Trump’s tariffs?
Here are the slides from a presentation I gave today to sixth form students at a school in Reading. It features a discussion of the pros and (mostly) cons of the new US tariffs policy and concludes with a recommended book and a film for budding economists! What to make of Trump's tariffs (9 May … Continue reading What to make of Trump’s tariffs?
President Trump is gradually undermining confidence in the dollar, one tirade at a time
Donald Trump’s latest tirade against the head of the US central bank is so obviously negative for the dollar that you have to wonder whether the President is deliberately trying to undermine the US currency. Remarkably, the answer may indeed be ‘yes’. On Monday, Trump used his social media platform to call Federal Reserve Chair … Continue reading President Trump is gradually undermining confidence in the dollar, one tirade at a time
US tariff war exposes Europe’s double standards on trade
Donald Trump has started a tariff war based on awful economics, with little thought to the consequences for US businesses, consumers or markets, and no clear end game. But the US does have some legitimate grievances about the trade policies adopted by other countries – and not just by China. For the last forty years … Continue reading US tariff war exposes Europe’s double standards on trade
Plain-speaking Economics 