In March, broad money growth slowed a bit in the euro-zone, UK and Japan. Indeed, in the euro-zone it dropped to its slowest rate since the ECB started its Asset Purchase Programme in early 2015...

The current troubles in Argentina and Turkey are not the start of a systemic emerging markets crisis, but we do think that EM growth will slow this year. With a US-led slowdown in advanced economies...

Business surveys for April, published today, suggest that global manufacturing conditions started Q2 in good shape and support our view that world GDP growth will pick up a bit in Q2.

The fact that the slowdown in advanced economies has been so broad-based raises the question whether it is more than just a blip. However, strong business surveys and fundamentals suggest that...