Global monetary and credit conditions should remain supportive of GDP growth in the near term, even though the stock of assets purchased under “global” QE programmes is close to peaking.

Assessing the damage from a global trade war is tricky because there are few historical precedents and the costs would depend on the nature of the conflict. But our best guess is that, if all...

The tariffs imposed by China and the US on $34bn of each other’s imports – that will come into force on Friday – are likely to have a small, negative impact on most of the emerging world. But some EMs...

Markit’s global manufacturing PMI slipped at the end of Q2 but remains consistent with a rebound in world GDP growth. We think that the latter picked up to over 3½% annualised last quarter.