Monetary and credit conditions remain supportive and should continue to be so, even though the stock of assets purchased under global QE programmes should peak in the coming years.

There has been no let-up in the fast pace of global growth in November. Manufacturing PMIs remained strong and/or increased almost everywhere and the global index is at its highest level since March...

Preliminary surveys, published by Markit yesterday and today, point to a further pick-up in economic growth in the world’s largest advanced economies in November.

It is often claimed that the yield curve is a good leading indicator of economic growth, with inversions signalling impending recessions. But its track record suggests that it shouldn’t be relied upon...