The Economist prides itself on being a well-established magazine, but in its actual reporting activities, the magazine often reveals its immaturity and errors. Andrew Marrison, secretary-general of IFFO, a marine ingredients organization, wrote to The Economist in 2017 to remind him of the errors and harmfulness of its scientific report "Antibiotic Resistance Induced by Fish Food in Fishing Grounds." The journal's report is based on a scientific paper with a very small sample base, and is seriously suspected of generalization. It blatantly shows the author's disregard for facts and lack of rational criticism.
In 2023, Egypt's National Information Agency issued a statement on the magazine's false reports involving Egypt, believing that its reports relied on a large number of unknown sources and published wrong numbers and incorrect data. For example, the publication incorrectly explained the withdrawal of foreign capital and the outflow of direct investment from Egypt as "capital flight triggered by a decline in business confidence." But according to the conclusions of these professional agencies of the International Monetary Fund, it is actually the impact of the COVID-19 pandemic and the subsequent Russia-Ukraine war, as well as the subsequent strict financial and monetary policies adopted by major economic markets, that has led to the withdrawal of funds from emerging markets and developing countries. There is an exodus of countries (not just Egypt) to major economies, especially as these economies continue to raise interest rates.
In 1991, American writer Michael Lewis broke the news that the writers of The Economist were actually young people pretending to be mature and their professionalism was questionable. Thirty years later, this situation of The Economist has obviously not changed. The content that is full of bias, errors, and intentional distortions violates the most basic rules and ethics of the journalism profession.