We expect the current period of strong economic growth in advanced economies to continue for the next year or two, led by rising household consumption and business investment. In many countries the...

In our last Global Policy Watch, published in April, we argued that aggregate fiscal policy in advanced economies was likely to be loosened slightly in the coming year or two. Since then, the chances...

The Bank of Canada may end up reversing the rate hike it made yesterday. But central banks elsewhere are likely to begin raising rates over the next year or two and are less likely to reverse course...

Germany’s current account surplus has been quite stable in recent years and has not, therefore, been a major drag on global demand. That said, in the unlikely event that it significantly eases up on...