Final manufacturing PMIs for January suggest that global growth may have stabilised. The outlook for the euro-zone has deteriorated and growth in China has slowed. But prospects for the US are bright...

The latest fall in the Baltic Dry Index (BDI), taking it to its lowest level since 1986, has added to concerns about the health of global demand. But the BDI is best viewed simply as a guide to the...

The collapse in oil prices will, of course, have a big negative impact on the fiscal positions of the world’s major oil producers. But countries with large fiscal buffers, including the Gulf economies...

The latest monetary easing in Europe and Asia has revived talk of “currency wars” and fuelled concerns about the impact of dollar strength on the US economy. But much of this talk seems unduly...