Calls for co-ordinated policy easing ahead of this weekend’s G20 meeting will almost certainly cometo nothing. However, officials should at least seek to reassure investors that the world is not on...

Last year, the slump in oil prices turned out to be less of a bonanza for the world economy than most had anticipated. This year we expect oil prices to be more stable, but still relatively low. In...

Flash PMIs published today point to a fairly sharp slowdown in manufacturing growth in advanced economies in February. The flash manufacturing PMIs for the euro-zone, Japan and the US all fell. As a...

Despite the persistence of low oil prices we still think that inflation in the major advanced economies will rise this year. That said, it is only likely to increase substantially above 2% in the US...