Ten years after the beginnings of the global financial crisis, the risks of something similar occurring again in the near future appear to be fairly low. The amount of risky lending has been reduced...

Although their finances will come under some pressure as interest rates rise, households in most advanced economies should be able to cope. Debt burdens are low by past standards and, provided that...

Fears that Donald Trump’s election sounded the death knell for globalisation have so far proven wide of the mark. Admittedly, there are still some threats to the outlook, and there is little chance of...

In our view, the tightening of global monetary policy in the coming years need not be all that substantial. This is largely because equilibrium interest rates have fallen a long way in the past few...