No U.S. officials will attend the Group of 20 summit in South Africa this month, President Trump said, repeating his claim that White South Africans there are being murdered and oppressed — an allegation that lacks any evidence.

” index based on output from five core sectors of the economy (industry, agriculture, construction, transportation and retail trade) rose by 0.8 % y-o-y in September. Growth was slightly higher than in previous months, but there were no signs of broader economic recovery.” #Russia 🇷🇺

”…state-backed loans account for about a fifth of growth in Russia’s bank lending since 2020. She noted that higher amount of subsidised credit requires higher policy rates to keep inflation in check.” #Russia 🇷🇺

The Highly Qualified Director of the Kennedy Center everyone. www.nytimes.com/2025/11/07/u...

If Russia is going to experience a lasting process of change that enables peaceful and friendly relations with its neighbours, then societal debate will have to honestly look at why 10s of millions of people willingly, even gladly, followed Putin's orders. Just blaming the Führer won't cut it.

Turns out, Orban wasn't telling the truth: the exemption he got is for a year. But this is all he needs - elections take place in April. It's still a win for him. But much will depend on how else Trump plans to support him and if this is enough to kickstart the economy www.bbc.com/news/article...

🚨JOB ALERT🚨 We are hiring assistant professors in Economics (any field) @lmumuenchen.bsky.social @econmunich.bsky.social Target date for applications: November 24! More info at: econjobmarket.org/positions/11... #EconSky #EconJobMarket #EJME

Orbán said his country had received “full exemption” from sanctions on Russian oil moving through two key pipelines. “🇺🇸🇷🇺🇭🇺 on.ft.com/3LuH2lB Donald Trump exempts Hungary from Russia oil sanctions after meeting Viktor Orbán

”Last year, the country’s overall trade surplus for goods was the highest ever at almost $1tn, and so far this year it is already at $965bn,” on.ft.com/493cDod Selling into China: US exporters circle market after Trump deal

Bangladesh, Nepal and Sri Lanka are all participating in IMF programmes, along with Pakistan. Meanwhile, India’s ten-year government bonds yield less than 7%

[Treasury] described Gunvor, which was founded by a close ally of Russian President Vladimir Putin but has sought to distance itself from the country, as the “Kremlin’s puppet”.” 🇺🇸🇷🇺🇨🇭 on.ft.com/3LpKnm0 Gunvor drops $22bn bid for Lukoil assets after US moves to block deal

”..main MOEX index now stands at a level roughly 30 % below that of January 2022. …. After recovering a bit at the start of the year, the MOEX has sunk steadily in recent months. At the end of October, the index was down by 12 % y-o-y.” #Russia 🇷🇺

An event at @bruegel.org this week in which my essay published in June (www.bruegel.org/blueprint/br...) was presented and discussed by the great Stefan Ingves

Fell to 50.3. Only worse reading June 2022, 50.0🇺🇸 www.wsj.com/livecoverage...

”…state-backed loans account for about a fifth of growth in Russia’s bank lending since 2020. She noted that higher amount of subsidised credit requires higher policy rates to keep inflation in check.” #Russia 🇷🇺

” index based on output from five core sectors of the economy (industry, agriculture, construction, transportation and retail trade) rose by 0.8 % y-o-y in September. Growth was slightly higher than in previous months, but there were no signs of broader economic recovery.” #Russia 🇷🇺

Russian oil and gas revenues in October 2025 were 888.6 billion rubles ($10.9 billion), or 27% below October 2024.

Tuoreimpien suomalaispankkien BLS-tulosten mukaan lainakysyntä jatkoi kasvussa Q3, mutta yrityslainojen luottopolitiikka kiristyi. www.suomenpankki.fi/globalassets...

"What's happening with furniture prices? A tale of $399 couches and tariffs" www.npr.org/2025/11/07/n...

It hasn't received enough attention: China's rare earth controls pose a serious threat to Europe's military build-up and its ability to defend itself against Russian aggression. The threat to European security stems from Beijing as well as Moscow. www.nytimes.com/2025/11/06/b...

Huge Nexperia news The Netherlands is prepared to suspend a ministerial order that gave it control over Chinese-owned chipmaker Nexperia if chip shipments resume in the coming days

"..2020 lähtien noin viidennes pankkiluottojen kasvusta Venäjällä on ollut peräisin valtion tukemista luotoista ja totesi, että suurempi tuettujen luottojen määrä vaatii korkeampaa ohjauskorkoa inflaation kurissa pitämiseksi. Luottojen kasvu ylipäänsä on kiihtynyt viime kuukausina.."

NATO Secretary General Mark Rutte: Until recently, Russia was producing more ammunition than all NATO Allies put together. But not anymore. Across the Alliance, we are now opening dozens of new production lines and expanding existing ones. We are making more than we have done in decades.

[Treasury] described Gunvor, which was founded by a close ally of Russian President Vladimir Putin but has sought to distance itself from the country, as the “Kremlin’s puppet”.” 🇺🇸🇷🇺🇨🇭 on.ft.com/3LpKnm0 Gunvor drops $22bn bid for Lukoil assets after US moves to block deal

Today one Russian paper claims that Donald Trump “behaves like a butterfly flitting from flower to flower. But no. That’s being unfair to butterflies.” Plus, the number of loss-making Russian companies goes up, freight loading volume on Russian Railways goes down. #ReadingRussia

Trevlig svenska dagen!

China's new climate targets made it clear that policymakers are still leaving the door open to a rebound in emissions in the next few years, despite a recent falling trend and clean energy growth rates that will keep emissions falling if sustained.

”…defence R&D in Europe is just 0.04 per cent of GDP across the EU and 0.12 per cent in the UK — way below the 0.62 per cent recorded in the US, and that US venture capital involvement in defence industry activity is far greater than in Europe.” 🇪🇺🇬🇧 on.ft.com/47HfdOv

”Once Chinese companies have come to dominate a wide stretch of the supply chain, flooding global markets with lower-priced products in the process, Beijing brings in export controls that allow it to leverage its advantage and impose pain or threaten rival economies.” 🇨🇳 www.wsj.com/world/china/...

The space race produced great feats of engineering, yet contrary to conventional narratives, it failed to boost the wider economy. We spoke with Shawn Kantor and Alex Whalley about why this technological push didn't translate into big productivity gains. www.aeaweb.org/research/pub...

Deficit was getting a tad too large. Other cuts… where?🇷🇺

”Once Chinese companies have come to dominate a wide stretch of the supply chain, flooding global markets with lower-priced products in the process, Beijing brings in export controls that allow it to leverage its advantage and impose pain or threaten rival economies.” 🇨🇳 www.wsj.com/world/china/...

Vielä ehtii ilmoittautua! @bofit.suomenpankki.fi Kiina-tietoisku 10.11.2025 kello 13.00 alkaen @suomenpankki.fi Rahamuseossa! www.bofit.fi/fi/bofit/uut...

"Purra had earlier told Politico that the former European commissioner for economic and monetary affairs and the euro is “uniquely qualified” for the job." www.bloomberg.com/news/article...

”…defence R&D in Europe is just 0.04 per cent of GDP across the EU and 0.12 per cent in the UK — way below the 0.62 per cent recorded in the US, and that US venture capital involvement in defence industry activity is far greater than in Europe.” 🇪🇺🇬🇧 on.ft.com/47HfdOv

”In Germany, the region’s biggest market, battery-electric vehicle registrations jumped 38% in the nine months through September, the most recent month for which data is available. Tesla’s sales in the country are down 50% in the same period.” www.bloomberg.com/news/article...

On November 3, 2025, Governor Cook delivered a speech on the economic outlook and monetary policy @brookings.edu: www.federalreserve.gov/newsevents/s...

How interesting. Probably just a coincidence (not). Russia’s MFA Press-Alcoché Maria Zakharova starts screaming that “Italy will collapse if it keeps helping Ukraine”, right when Italy announces its 12th military aid package, supposedly including ammunition and SAMP-T missiles, maybe by late 2025.

"You cannot turn a blind eye to conspiracies about Satanic paedophile rings and expect the base will stop at the Protocols of the Elders of Zion." My column on the suppurating neo-Nazism on America's right. on.ft.com/4oxjjQj

Call for Papers on Fiscal and Monetary Policies in Developing Economies for Navigating Fragmentation Risks #Econsky

"Economists calculate that the AI boom accounted for more than half of America’s 1.6% growth rate over the first six months of 2025" How? 1. Investment: data centres, IT, software 2. Wealth effect: booming AI stocks → people feel richer → consume more www.bloomberg.com/news/article...

Follow live from 8:40 CET/9:40 EET as I deliver a keynote speech at the ‘On the Doorstep of the Eurozone’ conference, hosted by the Bulgarian National Bank. Watch here www.youtube.com/watch?v=Gp4p...

”In Germany, the region’s biggest market, battery-electric vehicle registrations jumped 38% in the nine months through September, the most recent month for which data is available. Tesla’s sales in the country are down 50% in the same period.” www.bloomberg.com/news/article...

The Committee on Education of the Economic History Association invites nominations for the Jonathan Hughes Prize for Excellence in Teaching Economic History. Anyone can write a nomination letter! Entries due April 22, 2026. The prize includes a $1,200 cash award.

📣 We are hiring at the University of Oslo

Russia's manufacturing PMI 48.0 in October, down from 48.2 in September. Eight consecutive monthly drop in output. Employment and new orders also down.

"State-owned giants such as Sinopec and PetroChina Co. are staying on the sidelines, having canceled some Russian cargoes in the wake of US sanctions...Smaller private refiners, dubbed teapots, are also holding off, fearful of attracting similar penalties.." www.bloomberg.com/news/article...