Credit growth and lending conditions are improving gradually in the US but are still extremely weak in the euro-zone. This divergence looks likely to continue or widen in the coming months...

The divergence between the performances of the US and the euro-zone economies looks set to widen even further than we had previously expected this year and next.

The recent strength of oil prices means that headline inflation may not decline as quickly as it would otherwise have done, but inflation in energy costs is still set to fall. What’s more, while oil...

Purchasing managers’ surveys for February suggest that, although activity has recovered from late- 2011, the global manufacturing recovery may be losing momentum already