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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After a decade of pre-eminence, the balance of the world economy is tilting away from the BRICS

While these countries were growing so fast… we tended to ignore the warning signs

Mark Carney's speech implied there would be no early rise in interest rates

Carney should learn the discipline of burgernomics

He can try to talk down sterling, but the Big Mac index, based on the cost of one of the world’s favourite fast food item, shows it’s just about right

Hamish McRae: Good job figures and bad growth or good growth and poor jobs - a transatlantic tale of two recoveries

Economic View: In the past, there may have been more people working in the informal economy

A ray of sunshine for Detroit. The motor business is roaring back to life

The auto market is both a symbol of recovery and a driver of it

There's optimism in the global economy - but only the wealthy are feeling the effects

In the UK, it is ‘fat cats’; here in the US, it is Wall Street versus Main Street

New direction: President Xi Jinping (pictured here with his wife and Mexico City's Mayor Miguel Mancera) is moving China away from state control of the investment process

Davos 2014: For the real news, don’t listen ... watch

Whatever the leaders gathering at the Swiss ski resort say to reporters, to  really understand the strength of the recovery, we need to follow the money

Hamish McRae: There has always been tension between France and the UK – but we face the same practical difficulties

Economic View: The only comparable region in terms of overall spending is Scandinavia

Jim Beam’s turning Japanese

To some Kentuckians, this takeover may be a source of sadness. It shouldn't be: the booze business exemplifies a global trend more clearly than any other

Margaret Thatcher with former French President François Mitterrand in 1984

France was described as the ‘sick man of Europe’ in the past but returned to health when a Socialist President changed his policies

The parallels between the François then and the François now are uncanny

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Return to Fukushima – a land they will never call home again

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Hard to swallow

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