The slump in the oil price means that headline inflation is likely to turn negative in the coming months in many advanced economies, just as it already has in the euro-zone. In general, deflation in...

Business surveys indicate that global growth slowed further in December. But the slowdown was not as steep as suggested by some media reports, nor is it sufficient to justify the slump in oil prices...

The collapse in oil prices looks set to wipe out the Gulf’s external surpluses next year, leaving China and the euro-zone as the world’s major surplus economies. At the same time, the US deficit looks...

We expect 2015 to be another year of large divergences in the performances of the advanced economies, with the US and the UK leading the pack and the euro-zone and Japan continuing to struggle. But...