Taking account of the ECB’s decision yesterday and of recent changes to our forecasts for Japan, we still think that the scale of central bank asset purchases under QE programmes in advanced economies...

Preliminary PMIs, published by Markit today, suggest that manufacturing growth in advanced economies started Q4 on a strong note. However, they also indicate that price pressures are still subdued.

The steady economic expansion in advanced economies is set to continue for the next year or two, led by rising household consumption and business investment. Although most economies are approaching...

Fiscal policy in advanced economies is likely to be slightly accommodative next year, providing a benign backdrop for the world as monetary support is withdrawn. But any direct benefits will be modest...