Some economists have been considering whether, having been stubbornly low for years, wage inflation may take off as the world reaches full employment. This Update considers why this might occur.

Preliminary PMIs point to continued strong growth in advanced economies in February and are consistent with our view that the world economy will expand at a decent pace this year.

The resignation of embattled South African President Jacob Zuma last night has provided a boost to local markets. His successor inherits an economy that is already well into a cyclical upswing. Over...

The sell-off in financial markets, which was triggered by a reassessment of the outlook for US inflation and interest rates, has meant that government bond yields have jumped. But these recent moves...