The increase in manufacturing PMIs for January confirms that the global economy began 2012 in better shape than seemed likely a few weeks ago. But the improvement is from a low base and there are...

The prices of most commodities, like those other riskier assets, have been rising after Wednesday’s Fed statement was widely interpreted as a “pledge” to keep US interest rates on hold until the end...

As the IMF released its latest forecasts yesterday and we published our Global Economic Outlook last week, this seems a good time to take stock of how our forecasts compare with others. Overall...

The euro-zone is slipping into a recession which we expect to be deep and prolonged and to result in the break-up of the single currency area. This will be a major drag on other European economies...