President-elect Donald Trump’s first threatened tariffs since the election are designed to extract concessions on drug trafficking and illegal border crossings, which means it may be possible for the...

Fiscal spending accelerated sharply in October, boosting both retail sales and infrastructure investment. It will remain strong in the near-term given that local governments still have plenty of...

Hopes for fiscal stimulus have so far amounted to very little. Wider efforts to support growth are still ongoing and we should find out more about the leadership’s priorities early next month. But a...

China’s economy improved further at the start of Q4, thanks to stronger-than-expected consumer spending. We think faster fiscal spending will support a continued cyclical pickup in activity overing...