So far, Brexit has not had the huge adverse effects on the UK which many anticipated, and it has not caused any political upsets in the rest of Europe. It looks like there will be no major changes in...

We think the average inflation rate in advanced economies will remain lower than it was in the pre-crisis period for the foreseeable future, for several reasons. In some economies, there is more spare...

Although debt-to-GDP ratios in advanced economies remain high by historical standards, they are at least on sustainable trajectories. Accordingly, fiscal austerity and household deleveraging appear to...

We continue to think that the latest leg-up in oil prices will be reversed. If not, there would be some upward pressure on global inflation, though little effect on demand, in the coming year or two.