Preliminary PMIs, which were published by Markit today, suggest that growth in advanced economies picked up in December and provide more evidence that the world economy is ending the year on a strong...

Some have suggested that further appreciation of the dollar would pose a significant threat to the outlook for the world economy. In contrast, we think that the US currency is unlikely to strengthen...

The latest data show that global monetary conditions remain exceptionally accommodative. Monetary aggregates and bank lending to the private sector are rising at a steady pace, and although government...

Global oil prices jumped as much as 19% this week as OPEC finalised an agreement to cut production. However, this is not as big a deal as the headlines imply. Prices are only a little higher than they...