It would be unusual for inflation pressures to be building in some advanced economies and falling in others. Nonetheless, this is exactly what we expect to happen in the next year or two, as US...

Although they have their drawbacks, business surveys – such as those published by Markit – are the most reliable guide to the state of global economic activity. The fact that they continue to point to...

The IMF’s latest fiscal assessment, published yesterday, suggests that the period of acute austerity has now passed for advanced economies in aggregate. But public debt is still far too high...

Geopolitical risks have grabbed the headlines recently and have been cited as a key factor depressing global economic prospects. However, the military conflicts which have attracted most attention...