We think that tariffs imposed in the past year can account for only a small part of the slowdown in global trade growth over the same period. The threat of future tariffs might also have hit trade...

We think that tariffs imposed in the past year can account for only a small part of the slowdown in global trade growth over the same period. The threat of future tariffs might also have hit trade...

Concerns that policymakers in developed countries do not have the tools to fight the next downturn are generally misplaced. There is plenty more they could do. The constraints will instead be...

The recent contrast between a weakening euro-zone and resilient US seems to reflect the former’s higher exposure to world trade and the relative weakness of real disposable incomes growth there. We...