The recent volatility in emerging markets may have a negative impact on some developing countries, but it should not prevent a gradual acceleration of growth in advanced economies.

The worst period of global fiscal austerity is finally passing and this should give a boost to growth in advanced economies, at least relative to 2013. But the benefits will vary between countries...

Business surveys published today suggest that the euro-zone recovery gained momentum in January, while China's manufacturing slowdown has continued.

Fears that yen weakness will trigger a surge of cheap Japanese exports and hence raise the risks of deflation elsewhere have, so far at least, proved wide of the mark. In practice, Japan’s firms have...