Hamish McRae

One of the country’s most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press Awards.

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The recovery has been engineered - things can only get worse

No one will admit it, but we are in the middle of a pre-election boom. And we all know what follows...

It is the 'unknown unknowns' to use Donald Rumsfeld's famous expression that bite investors on the backside

Hamish McRae: Forget the known unknowns - unknown unknowns are the worry

Economic View: When you make money you are clever; when you lose it, it is someone else's fault

“Will we accept an economy where only a few of us do spectacularly well?” Obama asked in his State of the Union speech

State of the Union: For the first time since Obama took office, the economy is big enough to share

Growth makes the rich richer – but then it also makes all of us richer

Growth makes the rich richer - but then it also makes all of us richer

Redistributive action can help at the margin, but it won't fix the problem without growth

A store in Berlin advertises price cuts. With German bund yields already below zero, money-printing may fail to end deflation

Hamish McRae: Does QE pass the test for all policy initiatives - first, do no harm?

Economic View: The eurozone's lost decade is such a disaster that anything the ECB does should be welcomed

The Fawley oil refinery in Southampton. Big oil producers are the main net losers from falling prices

Hamish McRae: Low inflation is welcome news for consumers – and not so bad if you’re a saver

Falling current prices are a rare experience indeed

Never mind the recovery, what about the downturn of 2018?

None of the parties has so far said how they will ready us for the inevitable economic storms ahead
Shoppers across the eurozone have benefited from falling prices thanks to deflation over the past year

Hamish McRae: Deflation – like the falling cost of oil – isn’t a bad thing for most of us

Economic View: The euro has encouraged economic divergence, exactly the opposite to what its promoters predicted

Greek exit from the EU could be imminent, for better or for worse

Greece could be to the euro what Northern Rock was to the banking crisis

The fall in the oil price will hit Russia hard, but is unlikely to personally affect the Russian leader, Vladimir Putin

Most pundits are wrong. The oil price fall is good news at last

The UK is a net importer, and lower costs are just what is needed to sustain and broaden the recovery
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