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Argentina's President Macri arrives for a news conference in Buenos Aires

Argentina’s economy craters in the 2nd quarter as an economic crisis grips the country

Argentina's economy contracted sharply in the second quarter after a severe drought roiled agricultural production and as the country works with the International Monetary Fund to stem a spiraling economic crisis.
Hitler at the Tag von Potsdam (Day of Potsdam) ceremony for the opening of the new Reichstag after the German federal election, March 1933.

1930s Germany shows us that bad tax policy can magnify Washington’s worst problem by 1,000

OPINION: Eliminating tax deductions relied upon by poorer, sicker, younger Americans to fund cuts for the rich will push America further into fringe politics.

It would take £33 billion and ‘a very sharp change of direction’ to end austerity

A new report by the Institute for Fiscal Studies predicts ending austerity would cost £33 billion. Meanwhile, the UK's deficit is at pre-2008 levels.

Theresa May accused of insulting teachers with 1% pay rise

Labour and the Liberal Democrats have accused the government of failing to recognise the work done by British teachers.

Britain faces an ‘explosive debt trajectory’ in the next 50 years if it ends austerity

"We think the Chancellor faces constraints that will prevent a wholesale repudiation of ‘austerity’," BAML's UK economics team argues.

Senior Tories are putting May under pressure to axe the public sector pay freeze

Cabinet ministers Sir Michael Fallon and Jeremy Hunt are pressurising May and Chancellor Hammond to increase wages for public sector workers.

Theresa May U-turns twice in one day on lifting the cap on public sector pay

Prime Minister's spokespeople make chaotic double U-Turn on rethinking the public sector pay cap.

Corbyn: Grenfell was a ‘wake-up call’ about the ‘disastrous’ impact of austerity

The Labour leader said Tory cuts to local authority budgets had made a tragedy like Grenfell Tower more likely.

Support for ending austerity surges as Corbyn forces vote on scrapping government cuts

British Social Attitudes Survey finds support for ending austerity at its highest level since the 2008 economic crash.

The next big consensus view in economics has arrived

It's been building for a while, but everywhere you look, economists are calling for fiscal stimulus. Bank of America outlines how we got here.