The latest CPB Trade Monitor shows that global trade fell back in April, albeit after a large gain in March. We expect the pace of recovery to slow more markedly later this year and in 2011 as the...

The latest CPB data suggest that global merchandise trade climbed at a fast pace in March. We have recently upgraded our global GDP forecasts and accordingly have lifted our world trade projections...

The Bank of Canada raised its key overnight rate by 0.25% today, to 0.50%, making Canada the first G7 country to see a rate hike. However, the tone of the accompanying statement suggests that this is...

Despite the turmoil in financial markets, the near-term outlook for the world economy is brighter than a few months ago. Nonetheless, a seemingly impressive rebound in 2010 is likely to give way to...