The decisions of the Fed and the Bank of England to place less emphasis on the unemployment rate as a guide to future policy should give them more wriggle room to keep interest rates low. The changes...

The drop in global equity prices since the beginning of the year should have little effect on growth. It reverses only part of the increase in prices over the past two years. Moreover, the steepest...

The IMF’s Managing Director, Christine Lagarde, recently suggested that deflation is still a major risk for the world economy. Since her speech, there has been a sharp drop in equity prices...

Despite the slowdown in China and the instability in some other emerging markets, the latest business surveys suggest that global manufacturing output grew at a steady pace in January.