Preliminary PMIs published by Markit today suggest that activity in advanced economies picked up in October. Claims that the world economy is in the throes of a broad-based downturn are clearly...

This week’s news that the ECB discussed cutting its deposit rate further below zero has revived discussion of the limits to, and effects of, negative interest rates. Their use by several European...

The collapse of oil prices since mid-2014 has exposed the huge variation in the public finances of the world’s major oil exporters. Poorly managed emerging economies such as Russia and Venezuela had...

Headline inflation fell below zero in a number of major economies in September, but we expect the latest bout of deflation to be short-lived. That said, the further drop in inflation expectations in...