Today’s Markit PMIs show manufacturing growth holding broadly steady in January, and provide no evidence of the collapse in economic activity that many seem to fear.

Despite the prevailing gloom about the world economy, we think global growth will pick up from around 2½% last year to 3% in both 2016 and 2017, using our own estimates for China. Growth should be...

The IMF today downgraded its forecasts for global growth this year and next, leaving them closer to our own. It also stressed that prospects for China have not deteriorated markedly in recent months...

Broad money and private sector credit have continued expanding steadily in recent months. In advanced economies as a whole, credit has been growing rapidly while in emerging economies it has slowed...