Although their finances will come under some pressure as interest rates rise, households in most advanced economies should be able to cope. Debt burdens are low by past standards and, provided that...

Fears that Donald Trump’s election sounded the death knell for globalisation have so far proven wide of the mark. Admittedly, there are still some threats to the outlook, and there is little chance of...

So far, Brexit has not had the huge adverse effects on the UK which many anticipated, and it has not caused any political upsets in the rest of Europe. It looks like there will be no major changes in...

We continue to think that the latest leg-up in oil prices will be reversed. If not, there would be some upward pressure on global inflation, though little effect on demand, in the coming year or two.