The world economy has shrugged off the result of the UK’s EU referendum and looks set to gain some momentum next year. In the US, rising core inflation will prompt the Fed to raise rates more rapidly...

With central banks running out of firepower, public finances in a better state than they have been for a long time and sovereign bond yields exceptionally low, it is not surprising that some...

The recovery in oil prices is a mixed blessing for global growth. We estimate that the contribution of energy costs to annual CPI inflation in the advanced economies will flip from an average of minus...

Global monetary conditions are still exceptionally accommodative and are set tor emain so even if the Fed raises rates in December, as we think is likely. Sovereign bond yields are close to record...