Global economy

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Donald Trump trashed global economic orthodoxy. A year on, did he leave Australia a winner or loser?

While tariffs have been ‘all show and no substance’, economists fear an AI investment bubble and tensions in the South China Sea, along with Trump’s attacks on the Federal Reserve’s independenceGet our breaking news email, free app or daily news podcastOne year into Donald Trump’s presidency and experts in Australia and around the world can […]

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Freedom from China? The mine at the centre of Europe’s push for rare earth metals

Swedish producer is trying to to accelerate the process of extracting the elements vital for hi-tech productsIt is deep winter with temperatures dropping to -20C. The sun never rises above the horizon, instead bathing Sweden’s most northerly town of Kiruna in a blue crepuscular light, or “civil twilight” as it is known, for two or

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AI’s reckoning with reality represents a growing economic risk for 2026

Revenues may be rising rapidly, but not by nearly enough to cover the wild levels of investment under wayThe US dictionary Merriam-Webster’s word of the year for 2025 was “slop”, which it defines as “digital content of low quality that is produced, usually in quantity, by means of artificial intelligence”. The choice underlined the fact

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From the AI bubble to Fed fears: the global economic outlook for 2026

Analysts and investors voice caution about tech valuations and Trump’s influence on the US central bankInvestors expect global stock markets to keep rising in 2026, despite fears that the AI bubble could burst, and anxiety about chaos engulfing the US central bank.Wall Street strategists broadly expect the S&P 500 share index of US-listed companies to

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Five charts that explain the global economic outlook for 2026

Inflation is predicted to cool but uncertainty over AI-driven growth and trade policy poses risks in the year aheadThe global economy proved to be more resilient in 2025 than had been feared, despite severe headwinds that ranged from Donald Trump’s trade war to geopolitical tensions and the conflicts in Ukraine and the Middle East.Entering the

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