Having spent the past few months warning that Brexit would cause “severe regional and global damage”, the IMF today all but admitted that it had been bluffing, and acknowledged that economic growth...

Fiscal policy in advanced economies is looser this year than last and may well be eased further in the years ahead. In Japan, policy makers are on the cusp of announcing a large supplementary budget...

In our view, the claim that there is too much debt in the world is simplistic. High and rising debt burdens are a serious concern in some countries, including China and Japan. But debt burdens in most...

The UK referendum result may ultimately lead to the British government pursuing more liberal trade policies with the rest of the world. But progress is likely to be very slow. Meanwhile, the prospect...