The Bank of Japan last week became the fifth central bank to impose negative rates and we now expect it to lower its deposit rate to -0.7% by the end of this year. If policy eventually needed to be...

Business surveys for January provide further evidence that global economic activity is holding up well in contrast to fears of a sharp downturn. Growth in China slowed early last year, but appears to...

We estimate that world GDP growth fell below 2% annualised in Q4 2015, its slowest pace in over three years. But growth should rebound to 3% or so this year, as China, Japan and the US regain some...

Over the past few years, the governments of most advanced economies have made a lot of progress in repairing the damage caused to their public finances by the global financial crisis. The majority...