Global growth slowed quite sharply in the first quarter of 2017, largely due to weaker activity in China and the US. However, we expect growth in the world as a whole to rebound in Q2.

We expect aggregate fiscal policy in advanced economies to be loosened slightly in the coming year or two. President Trump will not succeed in passing the “phenomenal” tax cuts which he has promised...

Preliminary PMIs, which were published by Markit today, suggest that the recovery in advanced economies continued in April.

Consumer confidence has risen in recent months in much of the developed world. This bodes well for household spending and global growth prospects. Consumer confidence indices are usually composites of...