Developments over the past few weeks have made it more likely that Italy’s Government will implement some form of fiscal stimulus in next year’s Budget. This is likely to cause bond yields to rise...

Surveys of consumer confidence have been unusually strong in the past two years, but their usefulness as a guide to spending has deteriorated. What’s more, experience shows that both confidence and...

Credit has continued to expand steadily in most major advanced economies in recent months and is rising particularly strongly in the US. Meanwhile, the currency crisis in Turkey has so far had only a...

As expected, the first effects of tariffs introduced by the US and some of its key trade partners are quite small. The main risk to the world economy is from a much bigger escalation of the trade war...