While global economic growth rebounded in Q2, it will probably slow again in the second half of this year and in 2019. The US will not be able to sustain annualised GDP growth of 4%, China’s economy...

Although the more extreme warnings about the short-term impact of a “no-deal” Brexit on the economy are overdone, there is little doubt that it could deal a reasonable blow to GDP growth next year.

Preliminary PMIs for July fell but remain consistent with GDP expanding at a decent pace in advanced economies. The surveys also point to growing price pressures and slower world trade growth.

The UK Government’s Chequers proposals are still broadly intact following a tumultuous week in Parliament. The Prime Minister suggested that the proposals would also solve the Northern Ireland border...