The Dangote oil refinery has materially improved Nigeria’s energy security, leaving it better insulated from oil price shocks than before. Nigeria is not immune from the inflationary pressures from...

The Australian government’s 2026/27 Budget does little to move the needle on fiscal policy. Although Commonwealth coffers will benefit from a windfall driven by higher commodity prices, much of this...

The marked increase in inflation across advanced economies has yet to cause real spending to contract, but the widespread decline in consumer sentiment and hiring intentions points to worse to come...

In our baseline scenario, WTI averages $80pb over the second half of the year. This will boost GDP growth slightly and keep headline inflation above 2.5% in the coming months. But the backdrop of weak...