Global growth fears have re-emerged in recent weeks, but we think that prospects are still reasonably bright. In particular, conditions are in place for a period of steady, if unspectacular, growth in...

It is often claimed that central bankers are less committed to their inflation targets than they were before the global financial crisis, but a closer look suggests that there has not been a dramatic...

The final purchasing managers surveys for May show that manufacturers are struggling almost everywhere. The global manufacturing PMI, published by Markit earlier today, edged down to 50.0, extending a...

For all the talk of a sharp slowdown in the global economy this year, broad money and credit have been growing at a steady pace. In advanced economies as a whole, credit has increased by around 5% y/y...