Russia is preparing to sell bonds denominated in euros for the first time since 2013. Despite the recent drop in oil prices, it has a budget surplus and doesn’t really need to borrow; the bond placement is a test of the ‘dedollarisarion’ program, put in place by President Vladimir Putin this year. If the test and the plan are successful, ...

Every nation’s economic output moves up or down along a long-term trend, fluctuating in accordance with seasonal patterns, business and financial cycles and random shocks. In addition to those variables, the growth of India’s GDP now depends crucially on which party was in power when the activity occurred – and under which party it was measured. Disagreeing about the future ...

Who says economists can’t agree? In recent days, four reports evaluating the long-term economic impact of Brexit have been published, and they are remarkably consistent on at least two things. First, Theresa May’s deal will hurt the economy over the next decade or longer; and, second, exiting with no deal would be significantly worse. Ironically, that relative economic clarity may ...