While there are encouraging signs that the euro-zone is becoming less of a drag on the global economy, there are reasons not to expect a substantial boost from the region.

Credit growth has slowed sharply in the US in recent months, due to weaker demand for bank loans from households and non-financial companies. However, in most other advanced economies it is rising...

Oil prices jumped today following the announcement by Saudi Arabia and Russia that they favour extending the current production cuts until March 2018. Although this is not a game-changer for the oil...

There is a widespread view that the world is in a period of “reflation” in which both economic activity and inflation are picking up. But there is little or no evidence of a sustained increase in...