The upward revision to its GDP figures may temporarily boost the UK’s position relative to otheradvanced economies. But other European economies and Japan will eventually make similar revisionsto...

After narrowing abruptly in 2009, the world’s major current account imbalances rebounded between 2010 and 2012. This raised concerns that there could be a resumption of potentially destabilising...

The global manufacturing PMI, published by Markit today, suggests that world GDP growth may pickup a bit further in the third quarter after rebounding in the second. But the imbalance between thefast...

With the important exception of the US, we expect wage inflation in the major advanced economies to remain subdued in the coming year or two, even as labour markets approach “full employment”.