The Gulf economies are set for their steepest contraction since the early 1980s this year. The closure of the Strait of Hormuz has led to sharp falls in hydrocarbon production, even in those countries...

The muted pace of core price growth in April likely reflects the softness of the labour market and consumer demand. That, in turn, reduces the pressure on the Bank of Canada to follow through with the...

Given the RBA’s ongoing concerns about inflation expectations becoming unanchored, we think it will tighten policy a bit further still.

The 0.2% y/y contraction in Russian GDP in Q1 underlines that the economy had entered the Iran war with very weak momentum and we’re expecting GDP to do little more than stagnate this year, despite...