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Paul Hannon

@jonesclarke.bsky.social

An economics editor at The Wall Street Journal.

150 Posts230 Follower669 Folgt
Paul Hannon@jonesclarke.bsky.social · 3w ago

Will we ever break the association between Ireland and booze? From the head of the IMF: “thank you for inviting me to the land of Guinness. It has a special place in my own life. When the wind of perestroika blew into Bulgaria, my very first purchase in hard currency was a can of Guinness.”

Paul Hannon@jonesclarke.bsky.social · last mo.

In the space of 10 minutes, a black cab and then an Uber driver cancelled on me. I have ended up taking a slightly trickier tube ride. But not sure I understand why this is an option for a driver - it basically means you can’t rely on any booking, so why ever use one of the apps?

Paul Hannon@jonesclarke.bsky.social · 2mo ago

Europe’s iconoclasts didn’t just want to remove images they disapproved of, they wanted a permanent reminder that they disapproved of those images. This looks like a lot more work than just removing the sculpture.

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Paul Hannon@jonesclarke.bsky.social · 3mo ago

This is a bit of a surprise - the eurozone economy has grown more rapidly than its US counterpart in the second quarter - 1.8% annualised versus 1.5%. As an energy importer, it was thought to be more vulnerable to the fallout from the U.S.-Iran conflict.

Paul Hannon@jonesclarke.bsky.social · 7mo ago

Today’s revision to fourth-quarter US growth means it is now estimated to have grown more slowly than did the eurozone in the same period (0.7% annualized versus 0.8%). Of course, it grew a lot faster in each of the middle two quarters, after lagging in the first. Messy year.

Paul Hannon@jonesclarke.bsky.social · 8mo ago

Really don’t understand why the OBR does this: “UK public sector debt as a share of GDP is nearly double the advanced-economy average.” It is if you use a simple rather than weighted average. The UK is not notably more indebted than the G7. It is more indebted than Estonia.

Paul Hannon@jonesclarke.bsky.social · 8mo ago

At 2.2% in 2025, the US economy grew at the slowest pace since the pandemic year of 2020. GDP (Advance Estimate), 4th Quarter and Year 2025 | U.S. Bureau of Economic Analysis (BEA)

Paul Hannon@jonesclarke.bsky.social · 9mo ago

Germany’s economy grew last year for the first time since 2022, despite a decline in exports while imports jumped. Perhaps the start of something. Gross domestic product up 0.2% in 2025 - German Federal Statistical Office

Paul Hannon@jonesclarke.bsky.social · 9mo ago

Bank of France Gov Francois Villeroy is not happy with Europe’s response to the new disorder: “Let us draw at least one lesson from the excesses across the Atlantic: we must act faster, more clearly and more forcefully.”

Paul Hannon@jonesclarke.bsky.social · 12mo ago

The report shows a sharp rise in research security measures – policies designed to protect sensitive research and prevent foreign interference. In 2025, countries reported 250 such policies — almost ten times more than in 2018.

Paul Hannon@jonesclarke.bsky.social · last yr.

They only have two centuries of experience to draw on, but GWR still surprised that a lot of people travel to and from Oxford. Maybe if they had some tangible sign of demand, like ticket sales, they could provide an adequate number of seats.

Paul Hannon@jonesclarke.bsky.social · last yr.

This may be obvious, but the trick to the BOE’s QT announcement seems to be that sales of long-term gilts are pretty much the same as last year (20% of £21 billion vs 33.3% of £13 billion) even as total sales rise. Some people might have wanted to see no further sales at the long end.