The choreography could not have been better this week. The leaders of the euro zone’s three largest economies took the stage at the World Economic Forum in Davos one after the other to deliver the same message. In the era of Donald Trump’s “America First,” the leaders of Italy, Germany and France all spoke up to oppose protectionism and embrace ...

Where’s that inflation we were promised? That’s the question Senators Elizabeth Warren and Sherrod Brown asked economist Marvin Goodfriend during contentious hearings over his nomination to the Federal Reserve Board. In 2011, Goodfriend had said that inflation would grow more severe. But inflation, as the senators noted, has been relatively low since then. The Fed says it wants a measure ...

For once, the fine print in India hasn’t damped enthusiasm for the broad-brush plan. New Delhi’s Rs2.11 trillion bank recapitalisation, detailed last week, goes to the heart of state-run lenders’ acute capital shortage. With a little help from the global economy—and from finance minister Arun Jaitley’s forthcoming budget—India Inc. can finally rediscover its missing animal spirits. Soaring equity valuations will ...