The Big Picture

 At Davos, President Trump said:
Growth is exploding, productivity is surging, investment is soaring, incomes are rising, inflation has been defeated. We are the hottest country anywhere in the world.
His remarks drew jeers from his detractors.

Is India back in flavour- with the western media, if not with foreign investors? The Economist has as  many as four articles on India in its online edition- two on PM Modi, one on the Indian economy and a review of the book on the Indian economy by Arvind...

You have to credit the Trump administration with one thing: straight talk. Mr Trump gives the lead in this respect- no mincing of words, no beating about the bush, calling a spade a spade.
In an astonishingly candid article in FT, US Commerce Secretary Howard Lutnick makes it plain that, in the view of the Trump administration, globalisation has failed the US and it has, perhaps, failed the world. Buying goods from wherever these are cheapest...

 Gita Gopinath, Harvard prof and former Deputy MD of IMF, thinks it will.
She gives her reasoning:
So why hasn’t the world felt the sting of tariffs yet? The answer lies partly in actual tariffs being around half of what the US announced thanks to numerous exemptions. Yet at 14 per cent this remains a sharp escalation, the consequences of which had...