We think that next week the Riksbank will cut its policy rate for the final time this cycle, reducing it from 2.5% to 2.25%. After that, we do not see a need for policymakers to loosen policy any...

Despite the small rise in the composite activity PMI from 50.4 in December last year to 50.9 in January, at face value it is still consistent with GDP stagnating at the start of Q1 after the economy...

Having hit a record high, we expect the trade-weighted US dollar to climb further in 2025. While the short-term danger that a strong dollar poses to the world economy tends to be overblown, the bigger...

We expect data released next week to show that the euro-zone economy grew by only 0.1% q/q in Q4, and January’s PMIs point to a similarly poor performance at the start of Q1 .