The management of the IMF has suggested that the world economy is slowing sharply and warned that things could get a lot worse. But in our view, although global growth may have slipped a little...

Negative interest rates have come under attack recently, but in our view most of the criticisms are over-stated. In particular, the costs of negative rates for commercial banks appear to be very small...

The final manufacturing PMIs for February, published by Markit today, suggest that manufacturing activity slowed in 19 of the 24 economies for which data are released.

The G20 was probably right to include UK exit from the European Union on its list of potential risks to the global recovery, especially given the precedent of the euro-zone crisis in 2011-12. However...