Developments in world trade are one indication of the ability of the global economy to “decouple” from the recession in the US. The most recent numbers are fairly reassuring. We expect the pace of...

The sub-prime crisis in US financial markets does not yet appear to have turned the dollar into a subprime currency. The latest IMF data show that despite the weakness of the dollar over several years...

Prompt action by central banks, led by the US Fed, appears to have averted the immediate threat of a meltdown in the financial sector. The IMF has recently estimated potential losses related to the US...