American economy
Arts industries contributed a record $1.1 trillion to the US economy in 2022
New US government data report shows cultural industries accounted for 4.3% of national economic activity in 2022, though some sectors struggled to surpass pre-pandemic figures
Is the US museum sector in crisis?
Plus, a new antisemitism scandal at Documenta and a Kim Lim sculpure on show at the Hepworth Wakefield
The arts made up more than $1 trillion of the US economy in 2021
The art and cultural sectors had a larger impact on the US GDP in 2021 than ever before, according to a new report from the National Endowment for the Arts and the Bureau of Economic Analysis
Visual and performing artists have struggled to recover from the pandemic, analysis of California’s creative economy shows
Fine and performing artists contributed $34.9bn to California’s economy in 2021, according to Otis College of Art and Design’s latest annual report, far less than workers in media and even architecture
NEA study shows arts sector remained major contributor to US economy even as pandemic took its toll
The study found that while the US arts economy shrunk twice as fast as the overall economy, the arts’ contribution to GDP held steady
US inflation rates are rising at the fastest pace in decades. What does it mean for the art market?
Art market economists warn US may soon reach a state of stagflation not seen since the 1970s - and buying art might not help investors
Blue chip artists and dealers benefit from coronavirus relief packages, a federal report reveals
Pace, David Zwirner and Jeff Koons named among the top recipients of US taxpayer-funded forgivable loans, as smaller galleries seek additional aid
Removing French trade barriers still leaves London auction houses with upper hand
Five years ago, France finally allowed outsiders to hold auctions in the country by ending the 400-year-old monopoly of state-appointed auctioneers
Winning and losing categories in the art market over the last 15 years
Which trends have gone up and which have gone down