The latest monetary data suggest that the pace of growth in the major advanced economies remains solid. Global monetary conditions are likely to remain very loose over the coming years, which in turn...

Among the “flash” business surveys published today, the fall in China’s manufacturing PMI has, understandably, attracted the most headlines. However, surveys for the other major economies suggest that...

Reports that the IMF has decided not to add the renminbi to the SDR basket until September 2016 at the earliest miss two more important points. First, China’s currency may not be added to the basket...

At face value the plunge in commodity prices over the last year is consistent with a global recession as severe as that in 2008-09. However, this time it almost certainly is different. The latest...