We estimate that world GDP growth accelerated in the third quarter, mainly thanks to a summer rebound in China and faster growth in the US and UK. Looking ahead, global growth may slow a bit as...

Many commentators have attributed the sequence of crises in emerging markets since the 1980s and the global financial crisis of 2008/09 at least partly to shortcomings of the international monetary...

Despite the recent improvement in the UK labour market, the Bank of England (BoE) is likely to lag behind the US Fed in raising interest rates. Over time, this should put renewed downward pressure on...

We do not think the world as a whole is heading for a period of deflation. However, peripheral eurozone countries may experience an extended period of falling, or at best stable, prices. We also...