It is widely thought that recessions are generally triggered by central banks stepping on the brakes in response to rising inflation. But many recessions have not been preceded by an increase in...

The purchasing managers’ indices for June provide further evidence that a broad-based pick-up in economic activity is underway in advanced economies, but that it is not generally feeding through to a...

We expect government bond yields to rise further during the coming months than they have done in the past couple of days. But rather than causing growth to slow, higher bond yields will be a sign that...

Recent developments have underlined that the banking sector is far better capitalised in the US than in the euro-zone. But the more important point is that the financial sector has strengthened in...