Some have suggested that further appreciation of the dollar would pose a significant threat to the outlook for the world economy. In contrast, we think that the US currency is unlikely to strengthen...

The latest data show that global monetary conditions remain exceptionally accommodative. Monetary aggregates and bank lending to the private sector are rising at a steady pace, and although government...

Global oil prices jumped as much as 19% this week as OPEC finalised an agreement to cut production. However, this is not as big a deal as the headlines imply. Prices are only a little higher than they...

Business surveys released earlier today extend the run of upbeat data on the world economy. Markit’s global manufacturing PMI edged higher from 52.0 to 52.1 in November and is consistent on past form...