There have been renewed calls for a relaxation offiscal austerity during the past month or so,primarily aimed at the surplus countries and, inparticular, at Germany. However, Germany’sgovernment...

The recent drop in oil prices is widely assumed to have strengthened the case for monetary policy remaining looser for longer. However, while we think it may encourage the ECB to loosen monetary...

Global growth is likely to remain well below its pre-crisis average for at least the next couple of years. However, while prospects for the euro-zone have gone from bad to worse, the outlook for the...

Global growth is likely to accelerate slightly next year but to remain well below its pre-crisis average. Strong recoveries in the US and UK will be offset by near-stagnation in the eurozone and Japan...