Government bond issuance has picked up recently but a sizeable chunk of the proceeds have yet to be spent. Local officials will be under pressure to deploy these funds as soon as possible, which could...

In this Global Economics Update, we describe eight of the biggest risks to our economic forecasts for 2024. The unusual nature of this cycle and uncertainties surrounding the transmission of monetary...

Taken at face value, the PMIs suggest that the economy made some headway in November. However, they still point to a marked slowdown in recent months. That may not be the case in practice – the hard...

In much of the world, interest rates are likely to settle at higher levels than was the case prior to the pandemic. But China is a key exception, with its shrinking population, slowing productivity...