The new “future output” indices, released by Markit alongside their usual complement of PMI data, at best track, rather than lead changes in economic growth. But they do appear to provide a useful...

If the US introduces an across-the-board tariff or border adjustment tax, world trade would not com to a standstill. We suspect that other governments would tread carefully before ratcheting up a...

Business surveys published by Markit earlier today point to a broad-based pick-up in growth at the beginning of the year, with advanced economies in particular gaining momentum. They also signal a...

We estimate that world GDP growth was unchanged in Q4 last year at around 3½% annualised. This is well below its pre-crisis average, but is fairly rapid by more recent standards. What’s more, we...