In this report

As China prepares to take over from the US as global top dog the success of its economy is now vital for the rest of the world

Global hangover proves costly

Economic growth is uneven around the world and new jobs a priority

Testing times for those seeking open markets

The pessimistic take is that all the negotiations now under way are ridden with naive false promise

An extraordinary state of ‘managed depression’

In the eurozone, more action is needed if a widely shared and successful recovery is to be achieved

Purists retreat in global debate on fiscal policy

The choice between austerity and growth is no longer straightforward, with rich and poor countries settling on different solutions

Fears of housing crash in China raise global alarm

Residential sales are falling in major cities, putting growth and even the worldwide recovery at risk

Macroprudential policy can be a useful tool

Central banks are regulating banks and other financial institutions to head off boom-to-bust cycles in finance

A guest looks towards the Teton Mountains from the Jackson Lake Lodge in Teton National Park near Jackson Hole, Wyoming, U.S
©Andrew Harrer/Bloomberg

Shifting dynamics at Jackson Hole underline a new divergence

Central banks are revising their positions on interest rates

Ramin Nakisa, a UBS strategist

Policy makers worry that investors are underpricing risk

The end of US quantitative easing is sending ripples across financial markets

Productivity crisis haunts the power league

As China takes its place as the world’s biggest economy, growth performance has been disappointing across the board

Bundles of one dollar bills
©Shawn Thew/AFP

Cash-strapped countries eye trillions held offshore

Foreign structures are tempting targets for governments

Incomes fail to recover, except for those at the very top of the ladder

Economists are finding links between rising inequality and problems with macroeconomic performance