Fears about the health of the world economy have centred on China, but the bulk of the slowdown over the past year has actually been due to weaker growth in commodity exporters. The outlook varies by...

The IMF’s call for central bankers to refrain from tightening policy may have fuelled fears that the world is on the brink of a major downturn. We think the picture is not so gloomy. Emerging...

Final manufacturing PMIs for August suggest that the pace of global growth has held up fairly well, despite weaker activity in China.

The recent panic in global markets has been reflected in a wave of commentary to the effect that monetary policy has lost its power. We disagree. Central banks’ track record on inflation in advanced...