The drop in global equity prices since the beginning of the year should have little effect on growth. It reverses only part of the increase in prices over the past two years. Moreover, the steepest...

The IMF’s Managing Director, Christine Lagarde, recently suggested that deflation is still a major risk for the world economy. Since her speech, there has been a sharp drop in equity prices...

Despite the slowdown in China and the instability in some other emerging markets, the latest business surveys suggest that global manufacturing output grew at a steady pace in January.

The recent sharp falls in the unemployment rate in the US and particularly the UK have raised expectations that their central banks may soon be forced to tighten monetary policy in order to head off a...