Now that Germany has avoided a technical recession, posting an economic output growth of 0.1% in the third quarter of 2019, it’s highly unlikely that the German government will deviate from its zero-deficit policy and offer any substantial fiscal stimulus. For now, the country’s domestic market has shown an uncanny ability to compensate for external turbulence. But faster growth is ...

China loves the blockchain, and the blockchain loves it back. Despite the People’s Republic having the least free internet in the world, and a ban on cryptocurrency trading, the Communist Party’s endorsement of the technology last month sent Bitcoin prices soaring almost 30% in a few days. The irony is striking, considering Bitcoin’s anarchic origins. But there’s something broader going ...

The Indian economy continues to slow. The monthly Index of Industrial Production fell to an eight-year low in the month of September, contracting by over 4%. According to India’s central bank, growth in bank credit to industries in the same month fell to 2.7%, the lowest in a year. While the numbers for services are a little better, even they ...