Forecasts of AI-driven job destruction rest on counting automatable tasks. But labour markets hire, pay, and fire whole occupations, not tasks – and occupations have
US federal government debt exceeded $40 trillion for the first time on 18 August 2026. This prompted warnings about fiscal credibility and sustainability, and the
Global current account imbalances are widening again. China’s surpluses have prompted warnings of a second ‘China shock’, and research on exchange rates and industrial policies