The UK’s fiscal and balance of payments position may be far from a picture of health but speculation that it may be forced to turn to the IMF for a bailout is far-fetched. The risks are greater for...

The recent rise in services inflation in advanced economies has been driven by temporary and economy-specific factors, rather than a general trend. The unwinding of these factors, together with weaker...

The actual tariff rate on US goods imports was only 9% in June, far below most estimates at the time of about 15%. This reflects a shift in the composition of imports towards countries and goods with...

While the US jobs data captured the spotlight recently, the weakening of labour markets in most advanced economies has received less attention. Softer labour demand should dampen wage and price...