Paul Hannon, Wall Street Journal

Paul Hannon

Wall Street Journal

United Kingdom

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Recent articles by Paul:

Global Inflation Set to Be Higher for Longer, Says OECD

The pickup in inflation rates around the world will be longer-lasting and sharper than previously anticipated, with a growing risk that households and businesses grow accustomed to faster price rises, the research group said in its latest forecasts. → Read More

As Omicron, Supply-Chain Problems Loom, Eurozone Inflation Hits Record

Record inflation in the eurozone adds to the European Central Bank’s challenges as the Omicron variant, supply-chain disruptions and soaring energy prices complicate its policy decisions. → Read More

Eurozone Inflation Likely Hit Record High in November

Many economists think the latest increase might mark a peak for now, and therefore don’t expect the European Central Bank to raise its key interest rate next year. → Read More

G-20 to Back Tax Overhaul That Makes Rich Countries Big Winners

Leaders of the world’s biggest economies are set to endorse a deal on corporate taxation this weekend from which the U.S. and other richer countries are set to benefit the most. → Read More

Supply-Chain Bottlenecks Crimp Global Growth, Boost Inflation

Europe’s recovery has slowed as factories scramble for parts, but an easing of restrictions has boosted growth in japan and Australia. → Read More

Foreign Investment Rebounds but Strained Factories Miss Out

Overseas investment around the world surged in the first six months of 2021 as rich economies rebounded strongly, but fresh bets on manufacturing fell despite widespread signs that capacity isn’t up to meeting resurgent demand. → Read More

Nobel Economics Prize Awarded to U.S.-Based Trio

The economics prize was awarded to David Card, Joshua D. Angrist and Guido W. Imbens for their contributions to labor economics and causal relationships. → Read More

Global Trade Boom to Continue After Covid-19 Reopening Bounce

Trade flows will continue their rapid rebound from the pandemic this year and next, with Asia seeing the strongest gains in exports, and Africa losing out, the World Trade Organization said. → Read More

Eurozone Prices Rise at Fastest Rate in 13 Years

Energy prices accounted for much of the pickup in inflation in September, which was also driven by a faster rise in the prices of services. → Read More

Delta Variant Set to Slow but Not Derail Global Economic Recovery

The Organization for Economic Cooperation and Development cut its growth forecast for this year but raised its projections for 2022, indicating that some output has been delayed rather than lost. → Read More

Covid-19 Vaccinations Boost the Global Economy, but May Not Cure It Alone

The Delta variant’s spread shows how Covid-19 can continue to slow economic growth even as governments push to get more people vaccinated. → Read More

Eurozone Inflation Hits Decade High as Bottlenecks Bite

Consumer prices were 3% higher in August than a year earlier, providing an early test of the European Central Bank’s resolve to let the inflation rate exceed its target if policy makers believes that will be temporary. → Read More

Russian Central Bank Raises Key Interest Rate Again as Inflation Surges

By Paul Hannon Russia's central bank on Friday raised its key interest rate in response to a stronger-than-expected pickup in inflation as the economy... → Read More

Grand Reopening to Test Consumers’ Appetite to Keep Spending

Western consumers are starting to indulge in services that were off limits during the lockdown. Businesses, economists and policy makers are trying to discern whether that shift will mean a cutback in spending on goods. → Read More

Europe’s Economy Springs Back to Life, but Shortages Boost Prices

The European economy looks set for a return to growth in the three months through June, with business surveys pointing to a stronger-than-expected rebound in services activity during May. → Read More

Resilient Services Sector Points to Global Economic Pickup, Despite Covid-19 Flare-Ups

Service sector activity continued to revive during April, even in parts of the world such as India and Europe where extensive restrictions remain in place to contain Covid-19. → Read More

Covid-19 Savings Stockpile Could Accelerate Economy—if Consumers Spend It

Households amassed an unprecedented pile of savings as the pandemic crimped their ability to spend, but it is unclear how much will be used as the economy reopens since a lot of it is held by wealthier consumers. → Read More

Global economy sees pickup as services revive and factories boom

The economy is showing signs of stronger growth as its factories continued to ramp up and service providers began to see the benefits of vaccination p... → Read More

Russia Raises Rates Amid Standoff With West, Signs of Covid-19 Economic Recovery

The Bank of Russia increased its key interest rate, a move that may help support the ruble amid tensions with the West, but also reflects a recovery that it expects will lift the economy to its pre-pandemic level by the middle of 2021. → Read More

Global Economy Sees Pickup as Services Revive and Factories Boom

Factories in Asia and Europe are continuing to boom and service providers are starting to see the benefits of vaccination programs. → Read More