Labour market data released in the US and Japan today underline that wage inflation remains elusive throughout the developed world. We still think that average earnings growth is likely to pick up in...

Few observers will be expecting any policy breakthroughs at the G20 leaders’ summit in Hamburg this weekend, given the US administration’s scepticism about multilateral cooperation. But for now it...

It is widely thought that recessions are generally triggered by central banks stepping on the brakes in response to rising inflation. But many recessions have not been preceded by an increase in...

The purchasing managers’ indices for June provide further evidence that a broad-based pick-up in economic activity is underway in advanced economies, but that it is not generally feeding through to a...