The recent decline in global inflation expectations has reflected some benign news both on inflation itself and on its key drivers. But even if inflation expectations fall further, markets should be...

The IMF’s latest projections for global growth, published today, are in line with ours (using official figures for China) and point to healthy global GDP growth of about 3½% in the coming year or two.

Geopolitical concerns have boosted demand for safe-haven assets in the past week, and have pushed up measures of implied volatility in equity markets. But experience suggests that geopolitical events...

Global monetary conditions remain supportive for the world economy. In the four major advanced economies, bank lending to both households and non-financial companies is expanding steadily, and...