World Economy Archives - Solidarity (Ireland)

Trump’s trade war provokes shock in world economy

By Peter Delsing, a member of our sibling organisation in Belgium The tariffs announced by US president Donald Trump last week sent shock waves through stock markets, governments and business headquarters. Working class and poor families worldwide will be the hardest hit

Apr 9, 2025

World News

Silicon Valley Bank collapses – a new global banking crisis?

Editorial from Offensiv, paper of Rattvisepartiet Socialisterna (our sister organisation in Sweden) The threat of a banking crisis hovers over the world economy after the crash of Silicon Valley Bank (SVB), the second largest banking collapse in US history. Many inflated markets

Mar 14, 2023

World News

World Economy: On a bumpy road towards an impending slump

By Eric Byl, ISA International Executive At the World Economic Forum in Davos Gita Gopinath of the IMF surprisingly announced that the fund would upgrade its economic forecast. This follows after months in which growth expectations were being downgraded by a whole

Feb 21, 2023

Theory & History

Global economy in crisis: Just-in-time – for chaos

By Bill Hopwood, Socialist Alternative, our sister organisation in Canada Just-in-time production was a key part of the process of neoliberalism and globalization, as part of the drive to maximize profits. First used in Japan in the 1970s, it spread around the

Jan 2, 2023

World News

Economic turmoil means the era of cheap money is at an end

By Donal Devlin In the last number of weeks job losses and hiring freezes have been announced across the Big Tech sector. Meta, Twitter and Stripe, to name just three, have axed thousands of jobs – an enormous blow to the workers

Nov 12, 2022

World News

A strong dollar is a harbinger of recession to come

By Michael O’Brien The rapid decline in the value of the pound sterling relative to the dollar in the aftermath of the recent ‘mini-budget’ in the UK has overshadowed a pre-existing trend. Most major currencies in recent months were declining in such

Oct 8, 2022

Uncategorized·World News

China: Mortgage revolt shakes government

By chinaworker.info China is being shaken by a new resistance movement. Tens of thousands of mortgage rebels have announced they will no longer pay back their housing loans for unfinished apartments they cannot live in. Announced on social media just a few

Aug 15, 2022

World News

World economy: Where is the recovery going?

By Eric Byl, ISA International Executive There is much to say about the so-called “post-pandemic” economic rebound. The figures look impressive, but warnings are manifold. New heights in inequality between rich and poor are pouring petrol on existing social tensions and producing

Aug 21, 2021

World economy scarred by Covid-19: IMF downgrades forecasts

By Manus Lenihan Covid-19 has hit the world economy even worse than expected, according to a report from the International Monetary Fund (IMF) released this month. In countries where Covid-19 is relatively under control, economic recovery is proving slower than expected. Capitalists

Jul 3, 2020

Covid-19 Pandemic·Featured Articles

World Economy: The Coronavirus Recession Has Begun

By the International Executive of International Socialist Alternative (ISA- the socialist organisation to which the Socialist Party in Ireland is affiliated to) The coronavirus pandemic has infected hundreds of thousands and taken the lives of thousands. Most scientific and medical experts warn

Mar 20, 2020

World Economy

Trump’s trade war provokes shock in world economy

Silicon Valley Bank collapses – a new global banking crisis?

World Economy: On a bumpy road towards an impending slump

Global economy in crisis: Just-in-time – for chaos

Economic turmoil means the era of cheap money is at an end

A strong dollar is a harbinger of recession to come

China: Mortgage revolt shakes government

World economy: Where is the recovery going?

World economy scarred by Covid-19: IMF downgrades forecasts

World Economy: The Coronavirus Recession Has Begun

Socialist Alternative – Marxist journal of Solidarity

Divide & Rule pamphlet by Peter Hadden