Harvard economist and former Obama advisor says Russia is ‘basically a big gas station’ and is otherwise ‘incredibly unimportant’ in the global economy

Selina Johansson

Russia’s President Vladimir Putin signed decrees to recognize the independence of Donetsk and Luhansk. Moscow ordered troops into these areas on Monday, escalating the prospect of war between Russia and Ukraine.Alexei Nikolsky/TASS via Getty Images Jason Furman said Russia’s economy is “unimportant” other than gas, The New York Times reported. […]

Portraits of America’s pandemic economy

Selina Johansson

The pandemic’s effect on the US economy has been unmistakable: America suffered the starkest job losses since the Great Depression, supply chains ruptured, and lives were devastated by immense personal and financial hardship. And now, high inflation is only compounding the problem. But it hasn’t been all bad news. While […]

Economy Week Ahead: Trade, Inflation, Layoffs

Selina Johansson

Inflation is expected to hit a multidecade high in January as the U.S. economy continues to work through pandemic-related supply and demand imbalances. Photo: Richard B. Levine/Zuma Press By WSJ staff Feb. 6, 2022 3:00 pm ET U.S. inflation data highlight this week’s slate of economic releases. Tuesday The U.S. […]

Boris Johnson Bungles the British Economy

Selina Johansson

British Prime Minister Boris Johnson visits the technology centre at Hopwood Hall College in Middleton, Greater Manchester, England, Feb. 3. Photo: Jason Cairnduff/Associated Press If Boris Johnson were trying to goad his Tory colleagues into ousting him as U.K. Prime Minister, he couldn’t do better than the response his government […]